Myanmar to learn from Malaysia on ease of doing business

In order to raise its rank on the World Bank’s ease of doing business index, a Myanmar delegation recently visited Malaysia, which is much higher on the index, to study the situation there. Their findings will be reported to the ministries and Vice President, said U Aung Soe, director of the Myanmar Trade Promotion Team. […]

IRD lowers stamp duty on property

The Internal Revenue Department (IRD) has announced that stamp duty for buying, transferring and mortgaging property will be reduced to 4 percent. The decision on the stamp duty reduction is a measure to boost the real estate industry. The current rate for stamp duty is 5pc. The 1pc reduction came after businesses on May 20 […]

Over 2500 villagers protest against MCL’s coal power plant

Over 2500 villagers, from 12 villages in Pyartaung area, Kyaikmaraw Township, Mon State, staged a protest on Saturday [Feb. 18], within the paddy fields of Kawpanaw Village, voicing opposition against the coal power-supplied electricity by Mawlamyine Cement Limited (MCL). The protesters want MCL to stop its coal-powered electricity supply aimed at powering its cement factory […]

Speculation squeezes potential gains from Dala property

  The launch of new infrastructure projects often sees property prices surge in the surrounding area. But prices in Dala township, where a bridge will be built to connect the area to Yangon, were pushed so high in the past by speculation that the market has remain unchanged. The Korean-funded project was launched in Dala […]

Real Estate Market Revives Over New Bago Airport Project

Real estate market has revived in Bago region as a new international airport project was to be signed, according to an official report. The Bago real estate market went cold during 2015 but the prospective signing of an agreement between the government and the airport contractors has caused the price of land in the region […]

Tritone Towers Puts Its Residents Above The Rest

South Korean conglomerate Hanwha Corp is making headway in their project to build a massive three-tower inclusive community called Tritone in the 8-mile area of Yangon. While the construction may be in its infancy, the firm claims that customers have been lining up to purchase the ultra-luxurious condominiums to be completed in late 2018; new […]

Over 20 Awards Up for Grabs at Myanmar Property Awards 2016

More than 20 awards will be dished out at the Myanmar Property Awards 2016 ceremony, organisers of the event said. The awards for this year will be given in condominium, housing, hotel, resort, servicing, renovation, office place and retail categories. The second edition of the annual event – a part of the Asia Property Awards […]

Ngwe Saung Luxury Project Eyes Dec. 2017 Start

A luxury resort project which includes villas and a five-star hotel along Ngwe Saung beach in Ayeyarwaddy region has begun. The project is located on 160 acres of land in Bu Kwey Gyi village in Ngwe Saung and aims to be the first holiday villa project in Myanmar, U Soe Thiha Hlaing, executive director of […]

Pattko Alleges Foul Play in Economic Zone Tender; Calls for Re-examination

Subscribe to our tender alert mailing list Pattko Global Development Company, which was one of the bidders for the tender of the second central economic zone project in Yangon, has alleged opaqueness in the tender awarding process and called for re-examination. The company said that the country has lost billions because of offering low rental […]

YCDC Lost Millions in Park Leasing Process: Auditor General

The Yangon City Development Committee (YCDC) has lost millions of dollars in the process of leasing recreational parks in Yangon to private companies, the Auditor General of Yangon region said at a special meeting of the regional parliament. “The country is losing money on the leases of parks in Yangon. YCDC’s playgrounds, parks and gardens […]