Developers call on banks as Condo Law fails to boost market

The long-awaited Condominium Law passed in the closing days of the last parliament has failed to stimulate the housing market as expected, say industry insiders. They are calling for a system of mortgage lending to be introduced to help would-be buyers. At present, the longest-term loan available is only three or four years, banking sources […]

Who will benefit from Condominium Law?

Daw Min Min Soe only realised there was a problem with her apartment when officials from the bank arrived at her building and put up a notice reading, “If the owner fails to repay the loan and interest we will seize the apartments. he owner of the land in Pazundaung township had developed the eight-storey, […]