Property prices in Rangoon continue to soar and government measures to cool down the real estate market in Burma’s biggest city are failing to make an impact, according to property agents and economists. They said the government should revise its property tax policies in order to stop further price rises. Currently, real estate buyers can […]
Govt Measures Fail to Cool Yangon’s Overheated Property Market: Experts
September 7, 2013 by thiha
Filed Under: Latest News, Property Report Tagged With: 37- percent tax, 500 per square foot, adjust, an Australian real estate consultant, an economic analyst (Myanmar Securities Exchange Centre), an economist, buyers, control, cool down, cut, Dala township, downtown, economic reform, economists, effective regulations, illicit funds, industrial zones, infrastructure, Khin Maung Nyo, Kyauktadar, Land Record Department, lax property sales, major changes, property agents, property tax system, real price, soar, Soe Thein, special economic zone, spiraling prices, sudden swings, Sule, survey, systematically and seriously, tax policies, tax system, Than Oo ( MD of the Mandine real estate agency), the government, the Internal Revenue Department, The president office’s minister, Thet Tun Oo, US$1
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