Realtors Predict Yangon Property Market Slowdown in 2015

YANGON — The city’s hitherto skyrocketing property prices are expected to taper off next year while the continuing impact of high land costs will sustain an upward trend in residential and commercial rental costs, real estate experts have said. Land values in Yangon have risen dramatically since the former military regime lowered the property tax […]

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. […]

Yangon is 44th priciest city in Asia Pacific

Expatriates and locals alike are complaining about the rapid increase in the cost of living Yangon should remain an attractive work place for expatriates, if their employers base the relocation decision on ECA International’s cost of living survey. The survey, released yesterday, showed that Yangon is the 44th cheapest city in Asia Pacific and 204th […]

Skyrocketing real estate prices deter new foreign investment in Myanmar

Skyrocketing real estate prices could deter new foreign investment that enters Myanmar, officials and economic experts warned on Saturday. The construction project of the Yangon-Dala River crossing bridge will be suspended during the current government’s term as commercial real estate booms in urban Yangon, Dala township, President Office Minister U Soe Thein told a press […]