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Sale of condo apartments can earn more dollars: MCEA President

The country can earn more dollars swiftly by selling condominium apartments according to the Condominium Law at a time when there is a scarcity of dollars in the country, said Shein Win, President of Myanmar Construction Entrepreneurs Association (MCEA) at a talk on the Condominium Law, at Pan Pacific Hotel in Yangon on August 26. […]

Businesses demand quicker reforms, policy clarity in 2018

After a somewhat “disappointing” 2017 for the private sector, during which key economic legislation failed to take shape as expected, leading businessmen and chambers of commerce have urged Nay Pyi Taw to be more decisive and efficient in implementing reform in 2018. Moving forward, the business community wants to see stronger leadership and direction from […]

Rental: The Key to Myanmar’s Real Estate Sector

With the current market situation, the purchase of completed units can be an asset for an early rental and return of investment. Rental can be one of the encouraging reasons for investors to purchase assets in real estate market in Myanmar. According to the Myanmar Real Estate Services Association, rentals in Yangon are very active […]

Condominium law spurs market demand: report

The Condominium Law, enacted in January, has revitalised the property market by allowing 40-per cent foreign ownership of a condo, according to real estate experts. A recent report by house.com.mm, a property services website, also says allowing foreigners to acquire condos has raised market demand. The property dealing is quite low, but the rental market […]

Ministries to hold power over BOT condominium sales

Foreign investors will be able to buy condominium units in build-operate-transfer (BOT) projects on ministry-owned land if the ministry is willing to register the project, officials said yesterday. The Condominium Law passed last month opens the real estate market to foreign buyers for the first time, but makes no mention of BOT developments. This has […]