fbpx

Real estate market remains cool, expert says

Interview on 9 June with U Khin Maung Than, chair of the Myanmar Real Estate Services Association by May Thet Hnin, a reporter for the Global New Light of Myanmar. Q: What is the current conditionof real estate market? A: First of all, let me give you a brief history of the real estate market […]

Ministry Aims at 1 Million Housing Units by 2030

​​ The Ministry of Construction has planned to implement one million units by 2030, according to the government’s housing development plan. The plan began in 2012 and it is intended to be implemented over the course of five years. As the plan is reaching its first five-year marker, the government should be building an estimated […]

Lump Sum Rent a Growing Problem for Tenants

​​ As rents in the commercial capital rise, the longstanding arrangement of paying six months’ or even a year’s rent upfront is increasingly a burden to Yangon’s residential and business tenants. U Soe Win Maung, who lives with his wife in a rented apartment on 40th street in Kyauktada township, said he cannot afford the one-time […]

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 […]