Citizens working overseas expected to boost demand for condo market

Real estate portal Shwe Property will be hold their first real estate expo in Singapore this month on August 26 and 27, targeting Myanmar citizens working in the city state. “It’s the first Shwe Property Expo catered to the Myanmar people working in Singapore. “Currently we have already over 1,350 registered visitors who are all […]

Myanmar needs to modernise small farms to rev up sluggish sector

The London-based Oxford Business Group (OBG) said the modernisation of the small farm production “will require investment, policy reform and harmonisation between the government, the private sector and the civil society.” The think-tank also underscored the need to focus more in educating the farmers as well as in research and development. “According to the Ministry […]

Myanmar Imports Thai Shrimp as Local Breeders Struggle to Meet Demand

Shrimp and prawn is being imported from Thailand as production from local shrimp breeders struggles to keep pace with domes­tic demand, U Kyaw Tun Myint, Chairman of the Myanmar Shrimp Asso­ciation, said. “Local supply can’t meet the local consumption rate. Myanmar is losing its market share because of unsuccessful shrimp breeding businesses,” U Kyaw Tun […]

Myanmar’s tourism industry faces challenges

Myanmar’s tourism industry has experienced a significant decline compared to previous years. To understand the causes for this development the Global New Light of Myanmar interviewed U Thet Lwin Toe, chairman of Myanmar Tourism Entrepreneurs Association. Q: May I know current situation of tourism industry? The country’s tourism sector rose in 2012 like a tsunami. […]

Gold Demand ‘Remains High’

Purchasing gold has long been a way for Myanmar people to accrue secure savings, particularly in the absence of an efficient banking system. Today the gold market remains steady in a country with still-limited access to financial services. U Kyaw Win is the secretary of the Myanmar Gold Entrepreneurs Association, senior vice president of the […]

Condominium Market in Yangon 1Q, 2014

Subscribe to our Myanmar Property Mailing List and get notified immediately whenever we have a new report Research & Forecast Report Yangon | Condominium Market 1Q 2014 Demand shifts to modern and better quality condominium projects Developers in Yangon are bullish towards the residential market amid growing interest among local end-users and investors. In 1Q […]

Trade-ins drive jeep demand

While factories producing Myanmar-made jeeps have mostly closed, demand for the iconic vehicle lives on – propped up in part by a government trade-in program. Up to 25 varieties of jeeps and light trucks were made in the country prior to 2011 using imported, often secondhand parts, but the gradual opening of the vehicle imports […]

Myanmar needs modernized rice mills, says industry association

The Myanmar Rice Millers Association (MRMA) has stressed the need for setting up modernized rice milling units in the country to be able to increase exports of high-quality 5 percent broken rice, according to local sources. The MRMA noted that Myanmar’s high-quality 5 percent broken rice (locally known as tann myint) has huge demand from […]

1,300cc car engines still in high demand despite drop in 1,500cc price, dealers say

Myanmar’s Vehicle Import Supervisory Central Committee recently announced that new revaluation rates on cost, insurance and freight (CIF) for imported cars will take effect on January 1. Since these rates provide the basis for tax calculation of imported vehicles, changes in such rates can ultimately affect motor prices. According to the announcement, the CIF revaluation […]

A taxing matter for the real estate sector

Will the assessment scheme halt soaring land prices? Real estate agents say a government move to generate more taxation revenue from property transactions has assessed the value of land, houses and apartments in Yangon at about 40 percent of market prices. The reaction follows the release by the Ministry of Revenue and Finance in September […]