Mandalay realtors gloomy over new Union tax rates

  Real estate agents in Mandalay say business is likely to be hurt by new higher tax rates that will take effect from April 1. All transactions will be taxed at least 15 percent in the coming fiscal year, up from this year’s base rate of 3pc. Sales worth up to K30 million will be […]

Mandalay real estate agents hope for stable market

Some veteran estate agents in Mandalay said they would rather see a steady market, when the new government takes office next year, than surging prices. Property sales have been subdued across Myanmar’s major cities this year, with only the rental market performing. In Mandalay, real estate speculators took control of the market in late 2011 […]