Real estate prices in Yangon’s industrial zones fall

YANGON, Dec. 12 (Xinhua) — Real estate prices in industrial zones in Myanmar’s Yangon have been falling as un-utilized vacant plots and warehouses are faced with seizure under a recent ultimatum issued by the Yangon government, the semi-official Global New Light of Myanmar reported on Friday. The regional government set Feb. 1 next year as […]

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 […]

Supermarket entrepreneur City Mart eyes expansion

At June’s World Economic Forum on East Asia in Nay Pyi Taw, business news channel CNBC dubbed Daw Win Win Tint, managing director of City Mart Holdings, “Myanmar’s Supermarket Queen”. But by her own account, Daw Win Win Tint’s rise to retail royalty was more accident than preordained accession. Enthused by Myanmar’s nascent economic liberalisation […]