Foreign traders attend first pearl sale

Foreign merchants have been invited to attend a pearl sale in Nay Pyi Daw for the first time, as Myanmar becomes better known in the international pearl market. The 34th pearl sale is being held at the Mani Yadana Gems Hall from December 22 to 24, with Chinese and Japanese traders rubbing shoulders with local […]

Pearl Production Set to Double

Four new companies are set to get pearl production licences while the industry estimates that production will double in the coming years, according to state-run Myanmar Pearl Enterprise (MPE). Four local-foreign joint venture companies and four local companies are currently operating in Myanmar. Regular buyers in Myanmar pearl auctions are from Hong Kong, China, America, […]

Housing hopes pinned on Dagon Seikkan

Yangon has long struggled to provide affordable housing options to its lowest income citizens, due to a lack of financing options and high land prices. Real estate agents believe that new developments in Dagon Seikkan township may be the first step towards a solution. Housing demand in Yangon is high – rising to around 30,000 […]

Dagon: the new property darling of Yangon

As the international eye of investment turns to Myanmar, the correlating influx of both expats and Myanmar professionals are finding a home on the outskirts of Yangon in the new Dagon townships. The cramped and noisy conditions, coupled with skyrocketing property prices and a dearth of car-parking, are pushing people away from downtown and turning […]