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 […]

Myanmar Gov’t to Impose Standard Property Rental Fees

The government will set standards on property rental prices in an attempt to curb sky-high prices in the real estate rental market, a minister said. Standards for real estate sale transactions were introduced in the 2013-14 fiscal year, following approvals by relevant state and regional governments. Such standardisation will also be conducted for the rental […]