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Tanintharyi to focus on tourism, property, mining

Tanintharyi Region, which is located to the far south of Myanmar bordering Thailand, is looking to attract investors in the hotel and tourism, real estate and mining industries during an investment forum the regional government is holding with the Myanmar Investment Commission (MIC) in October. Directorate of Investment and Company Administration (DICA) acting director general […]

Local property buyers investing overseas

Local property investors may not be buying much property in Myanmar at the moment, but a growing number have been snapping up units overseas. Sai Khun Naung Real Estate Company and Singapore-based real estate broker DWG will be holding an exhibition of luxury condominium properties from Thailand, Malaysia, UK and Japan for those interested in […]

FMI posts record profits for FY 2019

YANGON—First Myanmar Investment Public Company Limited (FMI) posted revenues of 297.7 billion kyats (US$196.3 million) for fiscal year 2019, a 36-percent increase over last year, the company’s chief operating officer announced at a press conference over the weekend. FMI—a part of the Yoma Group of companies—attributed the growth to strong performances from its Yoma Bank […]

FMI sees strong growth in finance, invests in real estate, tourism

Despite a drop in earnings in FY2019, Yangon Stock Exchange-listed First Myanmar Investment Public Company Ltd (FMI), said it continues to see potential for long term growth in finance, healthcare, real estate and tourism, the main sectors in which its businesses are involved. While earnings dropped by almost 42 percent to K14.4 billion for the […]

Yangon’s standard land prices reduced 10pc

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 […]

Hunting for value in Bahan

Property prices in Yangon have been trending downwards in recent years. But now that the rules to the 2016 Condominium Law are gradually being implemented and with economic growth projected by the IMF to rise to 6.6 percent in the next fiscal year compared to 6.4pc this year, it could be time to take a […]

Schools told not to enrol students from other townships

Schools in Yangon have been instructed not to accept the enrollment of students from other townships during the coming school year, according to U Ko Lay Win, director general of the Department of Basic Education. He said the same instruction was issued during last year’s enrollment but was not followed, so the department would be […]

Rental transactions rise in Yangon, even as larger market stays muted

The market for rental property, which is the lifeblood of the real estate sector in Yangon, rebounded during first quarter of this year, with more units getting rented out rather than sold. However, the overall environment of the property market remains muted, industry analysts and leaders said. Late in April, the rental of apartments in […]

Citizen investments hit around Ks 6985 bln in three years

Until March this year, the Myanmar Investment Commission (MIC) allowed citizen investments worth over Ks 18,609 billion, with the real estate sector, manufacturing, transportation, hotel and tourism and construction sectors topping the list. A total of 1,549 local businesses invested Ks 18609187.355 million in 11 sectors. The investment in real estate sector reached Ks 4,172.850 […]

Colliers Property Report – Yangon Office Q1 2019

Economic Reforms: A Game Changer Summary & Recommendations Myanmar’s macroeconomic performance has continued to experience gains in recent years. Major part of this big leap from 2011 is the easement of sanctions for various key industries. Such liberalisation resulted to a burst of interest from numerous companies and institutions. This has contributed to the upward […]