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New Condominium Rules allow more flexibility for foreigners

Foreigners will be given more flexibility to invest in the local property sector, according to new rules under the Condominium Law announced Thursday. The Condominium Rules are the final steps of the implementation of the Condominium Law, which was approved last year. The rules, which were signed by the Union Minister for Construction on December […]

Draft condominium bylaw to be ready in two months

The condominium bylaw which is currently being drafted will be enacted soon, and it will include the right for the buyers to be connected to banks and purchase with an instalment system, said U Min Htein, director general of the Department of Urban and Housing Development (DUHD) under the Ministry of Construction. “As it’s a […]

New Urban Development Projects for Six Satellite Townships in the Works

The Ministry of Construction (MOC) is planning new urban development projects for six satellite townships as part of a strategic plan to develop Yangon, according to the MOC and the Department of Urban and Housing Development. Six new satellite towns – Shwe Lin Ban, Pan Hlaing, Thilawa, Front Dagon, Htauk Kyant as well as the […]

Will Government Meet Target on Low-Cost Housing?

Under the previous government, the construction of low-cost apartments failed to reach its target. With the new government, we have to wait and see whether or not the specified numbers of low-cost apartments can be built in time. The previous administration had claimed that they were going to complete the construction of one million apartments […]

Public Company to Build Government Housing Project

Public company Myanmar Construction and Development will finance and build a low-cost government housing project in Yangon. Chair of Myanmar Construction and Development U Thar Htay confirmed to The Myanmar Times that his company had entered into a partnership with the Ministry of Construction’s Department of Urban Housing and Development (DUHD). U Thar Htay is also the […]

Condominium by-Laws Delayed With Govt Targeting Completion by Year’s End

A shortage of technical expertise has delayed the issuance of by-laws that would allow sales under the Condominium Law passed last January, industry sources say. Expectations that the law, which was finally passed after considerable debate and delay, would usher in a spate of foreign purchases of Myanmar real estate have so far proved unfounded. U […]

‘Trespassers’ pushed out of homes by affordable housing project

They have been dubbed the trespassers. The 200 or so families who moved to Ingalaing when it was only an underdeveloped, unutilised field on the fringes of Yangon have now found themselves in the middle of a turf war. As the city expands, developers are eating up the no-longer-so-far-flung plots in Hlaing Tharyar, and attempting […]

Low-cost apartments in Yangon’s Yuzana Housing to go on sale

  Apartments in a major low-cost housing development in Yangon’s Dagon Seikkan township will be sold to the public in the last week of March, with some units to be rented at subsidised prices, an official said yesterday. Yuzana Housing project is being developed by the Department of Urban and Housing Development (DUHD) near to […]

Housing project prices spark public anger

The price of apartments in Myanmar’s largest housing development project, which will be sold to buyers later this year, has been met with anger from the public. Low-cost housing is being built in Dagon Seikkan township in Yangon. StaffLow-cost housing is being built in Dagon Seikkan township in Yangon. Staff The 120-acre Ayeyarwon development project […]