Building a better Condominium Law

Lack of clarity on foreign ownership, land use and building management committees in the Condominium Law are holding back growth in the property market.   By DUNCAN BURRY When the Condominium Law was enacted in early 2016, many hoped it would provide a framework that could spur development in the sector, not least by permitting […]

Foreign ownership provisions in draft condominium law questioned

Foreigners’s ability to own condos has emerged as one of the central issue in the debate over the condominium law. The much-anticipated condo law has been a work in progress for years, with the most recent draft submitted to parliament in June. The draft is set to be discussed again by the Amyotha and Pyithu […]