A real estate sale event for condominiums and housing projects in Myanmar is set to be organised in Singapore in September targeting Myanmar citizens residing in the city state.
iMyanmarhouse.com, an online property trading platform, will act as the main organiser for the exhibition which will involve around 30 developers and agencies displaying their properties.
“This expo is aimed at Myanmar citizens currently living in Singapore. We cannot sell real estate to foreigners as the Condominium Law has not come out yet. We will start selling to foreigners once we are allowed to. This coming event is only for Myanmar citizens,” said Ko Nay Min Thu, managing director of iMyanmarhouse.com.
Multiple housing and condominium projects from the townships across Yangon will be displayed at the event which will be held for two days in September. An exact date has not been set.
Potential buyers can settle the full payment or get installment deals for the property units while the pricing will be the same as the standard market price in Myanmar.
“Although we are organising this event in a foreign country, prices will not be increased and they will be set at a normal rate. Even price cuts and discounts will be offered during the event,” said Ko Nay Min Thu.
iMyanmarhouse.com has also organised a property exposition in Myanmar in March.
Source: Myanmar Business Today