Eviction of decades-long dwellers is unfair – law experts

It would be unfair to evict dwellers of 50 or 100 years, especially when the judges have been accused of corruption in relations to land scandals, legal experts and the victims of land seizures said. As the country’s real estate prices skyrocket reaching up to billions of kyats in certain purchases, judges are more likely […]

Indonesia Wijaya Karya team up with UMG to explore Myanmar

Indonesian publicly listed construction company PT Wijaya Karya will set up a joint venture company with Myanmar’s United Mercury Group (UMG) to help expand its business overseas. Wijaya Karya foreign affairs department manager Destiawan Soewarjono said on Thursday they would construct a precast factory and work on big infrastructure projects in Myanmar through the joint […]

Foreigners await condominium law to buy apartments

Foreigners are waiting for Parliament to pass the condominium law as they are more interested in buying condo and apartments compared to other types of accmmodations in Myanmar, according to the construction companies in Yangon. The Japanese investors also showed great interest in buying condominiums, they said. Most of the foreigners, who have been living […]