Land prices on a per square foot basis in Yangon’s townships for the 2019/2020 fiscal year has been reduced by 10pc compared to the last fiscal year in order to support more sales transactions as well as encourage landowners to pay their taxes. The standard land prices were released by the Inland Revenue Department earlier […]
Property buyers eye Dagon land as owners sell for losses
November 16, 2017 by
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 […]
Myanmar courting global producers
January 12, 2017 by
The Myanmar authorities have sped up efforts in recent months to increase the country’s attractiveness for global manufacturers. The latest move was revealed in September by the Myanmar Investment Commission (MIC) and concerns the move to allow local and foreign investors into industrial zones across the country. This follows requests by companies from Hong Kong […]
Emerging Honey Market Struggles with Chinese Fakes, Low Investment
November 23, 2015 by
Myanmar’s honey is good enough to enter the international market, but there are myriad challenges in penetrating the market, industry insiders say. When Myanmar faced sanctions, Myanmar only exported honey to neighbouring countries in the ASEAN market, but now it is trying to export honey to the EU. However, to get a foothold in those […]
Hlaing Thayar industrial land price falls as govt target land speculators
December 9, 2014 by
YANGON — In a move targeting speculators, the Yangon government will require idle landholders in the division’s industrial zones to present a detailed business plan for how they will use the real estate or see it seized. The divisional Industrial Zones Management Committee, under Yangon’s Department of Human Settlement and Housing Development, announced late last […]
High rents holding back telecoms firms, claims CEO
November 18, 2014 by
Telecommunications companies are struggling to secure initial capital investment and cope with extortionate rents, said CEO Tun Thura Thet from Myanmar Information Technology (MIT) during an Asean business forum. “Land and rental prices in Myanmar are higher than those in Silicon Valley in the United States. It is depends on the location. If an office […]
Is the property bubble set to burst?
July 11, 2014 by
Economists are becoming increasing alarmed by rising speculation in real estate, saying it will disrupt or undermine the economic progress Myanmar is making. “Land prices are likely to rise in this time of economic transition. It will stop itself when the time comes. Like a balloon, it swells gradually and when it beyond the limit […]
Foreign companies show growing interest in Thilawa SEZ
June 17, 2014 by
A total of 45 companies from 11 countries – including Japan and the United States – have submitted proposals to invest in the Thilawa Special Economic Zone (SEZ), a major industrial complex located on the outskirts of Yangon. More than 17,000 intended subscribers offered to buy a total of more than 4 million shares, at […]
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