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 […]

Property weak on canned tax amnesty bill

With interest in investment properties in Mandalay expected to be lackluster in the coming months, property agents reckon demand will likely centre on homes priced below K1,000 lakh. “Currently, most sectors of the economy are slowing, so we do not see much demand for resale properties,” U Wunna Soe, a property agent from Poe La […]

Singapore Makes Largest Investments in Real Estate Sector

Singapore made an investment of US$1.72 billion in 31 projects, as of the end of December, in the current fiscal year (FY), followed by China, with estimated investments worth more than $1.29 billion in 50 enterprises State media reported. Singapore made the largest investments in the real estate sector. some European countries also invested in […]

Manufacturing sector absorbed more foreign investments in Thilawa SEZ

Foreign direct investments in Thilawa SEZ primarily flowed into manufacturing sectors which accounts for 73 per cent of total FDI in the zone. At present, FDI in Thilawa SEZ reached more than US$1.14 billion so far. Manufacturing sector in Thilawa SEZ absorbed investments of about US$843 million in 62 enterprises. Trading sector attracted investments of […]

In Yangon, upfront rents stretch tenants, small businesses

YANGON — As rents in the commercial capital rise, the illegal but common practice of landlords demanding six months’ or even a year’s rent upfront is stretching Yangon’s residential and business tenants to breaking point. Mr Soe Win Maung runs a roadside Shan noodle shop and stays with his wife in the top-floor loft of […]

Real estate sector accounts for half of total money inflows

Well over half of all money flowing into the country is being invested in the real estate sector, according to Aye Lwin, joint-secretary of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). The joint-secretary revealed this during talks between police in the Financial Investigation Unit and UMFCCI members on the anti-money […]