Rental gap narrows as Yangonites seek suburbia

High rental costs downtown, allied with cramped accommodation, congestion and noise, are driving business and residential tenants out into the suburbs, pushing up rental costs in the leafier areas of the city. Recent strides in the mobile phone and internet industry have made communication cheaper, acting as a push factor toward suburban development, said property […]

Restaurants grow wheels to avoid paying rental costs

Restaurants are going mobile, driven onto the streets in response to high rental prices in the city. Several food trucks are now plying their trade on Yangon’s roads, with owners saying they have abandoned expensive shop rentals for the trucks. “I sold Myitkyina noodles and snacks out of my apartment for three years, but now […]

Japan and China buy land plots under Myanmar citizens’ ownership

YANGON—Japan and China have been using Myanmar citizen ownership to close recent purchases of high-rent land plots in the Thilawa Special Economic Zone, real estate agency sources say. “Currently, Chinese are buying buildings in the Shwe Pyi Thar industrial zone, doing business with local businessmen as usual. After the government fixed land prices based on […]