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Land buyers in Myanmar’s Yangon have to pay infrastructure fees

Buyers of land sold by the Yangon regional government have to pay infrastructure fees, according to the Yangon City Development Committee (YCDC). Land sold by the regional government lacked electricity and water supplies, the agency said. The regional government has announced that about 530 plots owned by the government will be sold to the public […]

Fraudulent land sale alleged in Mandalay

A single land plot in Mandalay was sold twice to different people, one of the affected buyers has told the media. At a press conference, property buyer U Naing Lin said he paid K600 million for a piece of land in Myothit No.1 ward and was issued a title for the land even though it […]

New Minimum Wage Brings Trouble to Garment Industry: Garment Association President

The new minimum wage is causing trouble for the garment industry, U Myin Soe, President of Myanmar Garment Manufacturers Association, said during a press conference held on July 10 at UMFCCI. “We all know that the new minimum wage is now set at K4,800. It’s a 33 percent hike compared to the previous wage of […]

Property buyers eye Dagon land as owners sell for losses

For buyers interested in purchasing land or homes in Dagon, now could be a good time to take closer look at the property market in the area. Land prices in South Dagon have been falling even though property sales have been robust. According to Ma Cho New, a local real estate agent, sales improved after […]

5th Yangon Property Exhibition – Over $11 million USD worth of properties sold

The 5th Yangon Property Exhibition, organised by leading property website iMyanmarHouse.com, took place over 19th-21st May 2017. The event brought together over 50 property developers and real estate companies hoping to sell their wares to over 12,000 eager attendees. More than 120 new development projects were showcased at the exhibition, ranging from high-end condos to […]

Japanese buyers put off by high prices of Myanmar coffee

AN appreciation in the value of coffee beans this year from Ywangan township, located in the Danu Self Administrative Region of Shan State, has put off Japanese buyers, according to the Mandalay Coffee Association (MCA). A ton of Ywangan coffee beans fetched $3,300 in 2015. But this month, which marks the end of the 2016 […]

Buyers losing money in land scams in Dagon Myothit, Thanlyin

People seeking to buy land have lost money in scams in which brokers resell blocks in four townships in Dagon Myothit and Thanlyin with the use of fake contracts and help from officials at the Human Settlement and Land Record Department and Yangon City Development Committee. Phoe Phyu, a lawyer from Purple Equity law firm, […]

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 […]