Will YSX Deal a Blow to Burma’s Real Estate Market?

Yangon — Burma’s newly launched Yangon Stock Exchange (YSX) has left observers wondering what this could mean for the country’s volatile real estate market. Yangon , Burma’s commercial capital, has for many years boasted the country’s highest prices for property. Yet some experts believe that the emergence of the YSX, which kicked off trading on […]

Buyers Remain Cautious as Condominium Law Approved By Parliament

Burma’s outgoing Union Parliament on Friday approved a new Condominium Law, clarifying some property regulations and making 40 percent of units available for foreign purchase. Three years in the making, the law is expected to breathe new life into a stagnating real estate market, though industry professionals predict foreign investors still await more reform. Under […]

Real Estate Pro: ‘Overall, the Market Has Cooled Down’

Since earlier this year, Rangoon’s formerly dynamic real estate market has seen a striking cool-down in key locations in the city. While many factors have contributed to this economic malaise, Burma’s Nov. 8 general election, which is hoped to be the country’s freest and fairest in decades, has surely played a part. Because of the […]

New Property Tax Expected to Spur Demand for Low-end Real Estate

YANGON — Myanmar’s government is expected to introduce a new property tax system next month that will reduce tax rates, in particular for lower value properties. Realtors said the move will stimulate demand for the latter market segment, but warned that high-end property demand will remain sluggish. A proposal for the new property tax was […]

A taxing matter for the real estate sector

Will the assessment scheme halt soaring land prices? Real estate agents say a government move to generate more taxation revenue from property transactions has assessed the value of land, houses and apartments in Yangon at about 40 percent of market prices. The reaction follows the release by the Ministry of Revenue and Finance in September […]

Mon State Arrest Linked to Traders Hotel Bombing

Police in Mon State’s Thaton Township detained a man on Tuesday morning who was allegedly involved in the planting of a bomb at Traders Hotel in Rangoon that detonated late Monday night, injuring an American woman. In a statement issued by the township police station on Tuesday, authorities said they arrested Saw Myint Lwin on […]