Thilawa SEZ worker dorms to open soon

Dormitories built for the first wave of the huge numbers of workers expected to be employed at Thilawa special economic zone to the south of Yangon are nearing completion, SEZ officials say. The accommodation is designed for internal migrant workers who come from all over the country. U Nyan Thit Hlaing, director of Myanmar Thilawa […]

Rent for Yangon Zoo to be raised

The Yangon Regional government said it will raise rental fees for the Yangon Zoological Garden, which is run by the Htoo Group of Companies from Ks 70 million (US$ 70,000) to Ks 77 million per year. “The rental fee will be increased by 10 per cent starting April 1 of this year,” a spokesperson for […]

Soaring rent, limited infrastructure and skilled workers blocking investment

The high cost of living and rent, plus limited infrastructure and skilled workers are the major negative factors that deter potential investors, according to the American Chamber of Commerce. Dr Soe Htun, a businessman, explained: “Insufficient infrastructure and buildings lead to high cost of living. This burdens investors, both local and foreign. The government should […]

Rental fees in Yangon still on the rise

The rental fees for houses and apartments in Yangon will be increasing until July, according to the real estate experts. The monthly rent for housings varies between Ks 200,000 to 300,000 (US$200 to 300) for an apartment; Ks 2.5 to 30 million (US$2,500 to 3,000) for a condo; and Ks 4 to 5 million (US$4,000 […]

Yangon Starts to Control Property Prices, but Rent Is Another Story

YANGON — Realtors say a new tax measure has successful cooled an overheated property market in Myanmar’s biggest city, with sale prices stagnating for high-end properties, but that rental fees have continued to soar. In October, the Yangon divisional government applied fixed values for properties to determine the amount owed in property taxes. Last month, […]