fbpx

Demand from education providers jolts real estate market

The Yangon real estate sector has received a much-needed boost from an unlikely source: education providers. Since foreigners were permitted to wholly invest in the provision of educational services in the country earlier this year, demand for high-standard condominium and office units has surged. This is because education investors find leasing or buying condominium or […]

Anti-Drug Squad, BSI cooperating on Malaysia seizure of drugs worth $18 m

Anti-Drug Squad is cooperating with Bureau of Special Investigation (BSI) in investigation into the case in which narcotic drugs worth US$18 million were seized from a container that went from Yangon to Malaysia, said a BSI official. Both are hot on the trail of how the drugs were secretly loaded into the container and the […]

House rental charges up by 10% to 35%

Charges for residential rent in Yangon are up by 10 per cent to 35 per cent in comparison to last year, according to a real estate market survey. Rent for apartment increases by 10 per cent and the condominium lease jumps by 35 per cent. The rent varies in accordance with location and residential quality. […]

Sky-high real estate prices hinder foreign investments – MIC

Myanmar’s sky-high real estate prices may dissuade new foreign investors, according to sources from Myanmar Investment Commission (MIC). “Currently the real estate prices are very high in the country. It may be a hindrance for foreign investments coming to the country. We have said often that the real estate prices in Yangon are higher than […]