Govt Measures Fail to Cool Yangon’s Overheated Property Market: Experts

Property prices in Rangoon continue to soar and government measures to cool down the real estate market in Burma’s biggest city are failing to make an impact, according to property agents and economists. They said the government should revise its property tax policies in order to stop further price rises. Currently, real estate buyers can easily avoid paying the full 37-percent tax rate due to government inefficiencies, said Than Oo, managing director of the Mandine real estate agency. He … [Read more...]