NLD looks to raise ‘ancient’ Yangon rents

  According to MP Yan Aung of the National League for Democracy, the new government will reconsider the rental agreement with the Yangon Zoo and Kandawgyi – Mhyaw Sin Kyun Park. The Mingala Taungnyunt Township MP told the Daily Eleven that the rent was too low compared to market rates. He said that the current […]

Yangon squatter numbers booming

The number of squatter households has increased fivefold in the 19 townships of Yangon city, says researcher Zin Min who carried out extensive research into the slums of the city. He said the number reached almost 44,000 in townships such as South and North Okkalapa, Thingangyun, South, North and East Dagon, Dagon Seikkan, Dawbon, Thaketa, […]

Suburban apartment demand soars

People are mainly looking for accommodation in Yangon’s suburbs and outskirts, according to a popular property website., run by the German-based firm Lamudi, said the most visited townships online were north Dagon Myothit, Thanlyin, Mingalardon, Hmawbi, Insein, South Okkalapa and Hledan. “The property market is difficult in the downtown areas. The rents are skyrocketing. […]

Office Market in Yangon 1Q, 2014

Subscribe to our Myanmar Property Report Mailing List Research & Forecast Report Yangon | Office Market 1Q 2014 Yangon prime office rents, highest in the region Developers continue the process of trying to absorb anticipated demand as the country opens up to more inbound investment. To date, Yangon’s office stock is at 112,000 sq m, […]

Yangon’s urban-development plans are self-defeating, critics say

Residents of Yangon are generally unexcited by the government’s plans to build more low-cost projects, citing the high prices and negative consequences of the projects to land prices and rents in the commercial city. Asked about this, Zaw Zaw, a resident of a northern section of Dagon Myothit Township, simply said “We can’t afford them.” […]