Speculation squeezes potential gains from Dala property

  The launch of new infrastructure projects often sees property prices surge in the surrounding area. But prices in Dala township, where a bridge will be built to connect the area to Yangon, were pushed so high in the past by speculation that the market has remain unchanged. The Korean-funded project was launched in Dala […]

Real Estate Market Revives Over New Bago Airport Project

Real estate market has revived in Bago region as a new international airport project was to be signed, according to an official report. The Bago real estate market went cold during 2015 but the prospective signing of an agreement between the government and the airport contractors has caused the price of land in the region […]

Tritone Towers Puts Its Residents Above The Rest

South Korean conglomerate Hanwha Corp is making headway in their project to build a massive three-tower inclusive community called Tritone in the 8-mile area of Yangon. While the construction may be in its infancy, the firm claims that customers have been lining up to purchase the ultra-luxurious condominiums to be completed in late 2018; new […]

Over 20 Awards Up for Grabs at Myanmar Property Awards 2016

More than 20 awards will be dished out at the Myanmar Property Awards 2016 ceremony, organisers of the event said. The awards for this year will be given in condominium, housing, hotel, resort, servicing, renovation, office place and retail categories. The second edition of the annual event – a part of the Asia Property Awards […]

Ngwe Saung Luxury Project Eyes Dec. 2017 Start

A luxury resort project which includes villas and a five-star hotel along Ngwe Saung beach in Ayeyarwaddy region has begun. The project is located on 160 acres of land in Bu Kwey Gyi village in Ngwe Saung and aims to be the first holiday villa project in Myanmar, U Soe Thiha Hlaing, executive director of […]

Pattko Alleges Foul Play in Economic Zone Tender; Calls for Re-examination

Pattko Global Development Company, which was one of the bidders for the tender of the second central economic zone project in Yangon, has alleged opaqueness in the tender awarding process and called for re-examination. The company said that the country has lost billions because of offering low rental rates to the winner. U Tin Hlaing, […]

YCDC Lost Millions in Park Leasing Process: Auditor General

The Yangon City Development Committee (YCDC) has lost millions of dollars in the process of leasing recreational parks in Yangon to private companies, the Auditor General of Yangon region said at a special meeting of the regional parliament. “The country is losing money on the leases of parks in Yangon. YCDC’s playgrounds, parks and gardens […]

Some Gov’t Housing Projects May be Rent-to-Own

A total of 1,864 apartments from affordable housing projects will be leased as rental units, said the Department of Human Settlement and Housing Development. The majority of low-income people cannot afford the price of low-cost apartments and even cannot pay the required down payment of 30 percent. “For low-income people, we will implement a rental […]

Mandalay’s Property Market Immature, but Set to Rise – Report

Myanmar’s second city is ripe for expansion in the real estate market, according to report from developer Colliers International. The city’s property growth is currently upheld by an expansion of small hotels working to meet Myanmar’s growing tourism trade. Larger hotels have also set up shop, with five high-end hotels currently in the city of […]

Hotels Sprout Up to Accommodate Increasing Tourists

Hotels are sprouting up across Myanmar to provide adequate accommodation to the increasing number of tourists, sources with the Myanmar Hoteliers Association said. A total of 340 hotels are operating across the country in 2015, compared with 290 in 2014, according to U Tin Win, chairman of the Myanmar Hoteliers Association. The number of foreign […]