Realtors Predict Yangon Property Market Slowdown in 2015

YANGON — The city’s hitherto skyrocketing property prices are expected to taper off next year while the continuing impact of high land costs will sustain an upward trend in residential and commercial rental costs, real estate experts have said. Land values in Yangon have risen dramatically since the former military regime lowered the property tax […]

Skyrocketing commodity prices will affect millions

Basic commodity prices rose at the end of November due to the appreciation of US dollar throughout the month and the news that salaries of parliamentarians and civil servants will be increased. Critics say that the government must address these two causes in order to reverse the hike in the commodity prices. The greenback hit […]

Rice price volatility in Myanmar must be addressed, says World Bank

The price of rice in Myanmar has increased by 41 percent between 2009 and 2013, a rate much higher than neighbouring competitors Thailand and Cambodia. This has led to a decrease in Burmese rice exports and food security at home, according to a recent report by the World Bank. “Price fluctuations are common in agricultural […]

Fee increase hits Yangon liquor sellers

Liquor businesspeople may be reaching for the bottle for consolation after Yangon Region’s decision to raise the annual licence fees that shops and manufacturers must pay to operate. Fees will significantly increase for a range of different liquor manufacturers and sellers after legislation was passed on September 1, with licences for beer manufacturers increasing the […]

Govt needs proper housing policy, critics say

Instead of giving housing projects to business people close to them, the government should lay down proper housing policies to solve the problem of rising property prices partly due to market speculation, critics said. Following economic liberalization, increasing foreign investment and inflow of black money into real estate sector, property prices in Myanmar, especially in […]

Bago property market quiet as investors eye airport’s fate

Prices for Bago Region property near the border with Yangon Region have cooled as no new developer for Hanthawaddy Airport has been announced. Property in Bago was snapped up as momentum behind the new international air hub for Myanmar appeared to grow last year, with speculators anticipating economic spillover from the US$1 billion project, but […]

Fish Food Prices Increase as China Imports More Raw Materials

The local Fish Food Producers Association announced that it has decided to import food for fish and prawn rather than manufacturing locally, responding to a hike in local prices. Increasing demand for fish food raw materials from China has driven up the price of fish food over the past year. In June 2013, the price […]

Draft town plan to stabilise runaway prices: minister

Land speculators could get their fingers burnt if town planning rules prevent the construction of certain types of building on their property, a government minister has warned. U Soe Maung, Union Minister for the State President’s Office, says that city zoning could help stabilise land prices. Yangon land prices have soared since the introduction of […]

Property prices ‘to rise for a few more years’

Presidential adviser U Aung Tun Thet sees no property bubble and predicts daily ‘flipping’ will occur There is no bubble in the property market and prices of land will continue to rise for the next few years, presidential adviser U Aung Tun Thet told a seminar to mark the first anniversary of the Myanmar Real […]