How the son of a humble watch repairer became the owner of a multi-million dollar realty tech startup

His startup iMyanmarHouse, with over 550 developers, 2,200 agents and 300K listings, recently hit US$320M in total transaction value Nay Min Thu would never have become what he is now, had he not attended, by chance, a motivation class in Singapore back in 2009. And thanks to his grit, determination and perseverance, Thu is now […]

Property market to remain cool for now

Property market will continue to remain cool in the short run though it may become active beyond 2018, said Nay Min Thu, managing director of iMyanmarHouse.com, a local property website. “Dwindling property market may revive if there is a massive inflow of foreign investments into the market later in the year,” he added. There will […]

iMyanmarHouse Founder to Launch Tech Venture Capital Fund

Nay Min Thu, the founder of prop­erty web portal iMyanmarHouse.com, will launch a venture capital (VC) fund for local tech startups, with the fist round of funding to begin next year. The fund, Myanmar Tech Ventures, is in the process of securing financing from a “range of local investors” and is targeting an initial fund […]

5th Yangon Property Exhibition – Over $11 million USD worth of properties sold

The 5th Yangon Property Exhibition, organised by leading property website iMyanmarHouse.com, took place over 19th-21st May 2017. The event brought together over 50 property developers and real estate companies hoping to sell their wares to over 12,000 eager attendees. More than 120 new development projects were showcased at the exhibition, ranging from high-end condos to […]

Myanmar Food Delivery Startup Food2U Nabs Six-Digit Funding, Set to Expand Operations

Food2U, a Yangon-based startup, told DealStreetAsia it has raised a six-digit funding round with the intention of using the money to facilitate expansion plans. Nay Min Thu, the Founder of iMyanmarHouse.com and an investor in Food2U, told DealStreetAsia that the investors are people from the real estate industry. The company use the financing to grow within Myanmar — both to forge […]

Myanmar-based Uber-like service Hello cabs raises an undisclosed amount of funding

Myanmar-based, leading ride-hailing platform Hello Cabs raises an undisclosed amount of funding from Nay Min Thu, founder of iMyanmar Group. Even though the exact amount of funding is kept undisclosed by the company, the value of the funding is expected to be in 7 digits US dollars. Hello cabs was launched in 2014 and is […]

Most expats cannot afford to buy condos

According to Ko Ko Htwe, the chairman of Taw Win Construction, most foreigners living in Myanmar cannot afford condominiums, despite the recent law enabling expats to purchase condo properties. Instead, most expatriates choose to stay in normal apartments and, according to Ko Ko Htwe, the market for condo sales is still cold. The Condominium Law, […]

Facebook provides cheap alternative for small businesses

Increasing numbers of small businesses in Myanmar are being drawn to Facebook and other social media sites to advertise their products and grow their customer base. The social networking site has grown in popularity over the last four years due to its interactive nature and the ability of business owners to connect with customers in […]