As rents in the commercial capital rise, the longstanding arrangement of paying six months’ or even a year’s rent upfront is increasingly a burden to Yangon’s residential and business tenants. U Soe Win Maung, who lives with his wife in a rented apartment on 40th street in Kyauktada township, said he cannot afford the one-time […]
Apartment Projects Dance Around Regulations
August 24, 2015 by
Apartment building development has become a major market for the local real estate industry after Myanmar began to open up in 2011. However, construction has been slowing and seeing more disputes between land owners, contractors and buyers due to quality-control and funding problems. Many disputes have arisen from contractors’ failure to complete construction in the […]
K10,000 Notes to Get a Makeover, CBM Move Stokes Inflation Worries
June 10, 2015 by
A new series of 10,000 kyat notes will be issued starting July 1, according to an announcement by the Central Bank of Myanmar (CBM). The new notes have been designed to improve quality, raise security standards, and prevent counterfeiting, according to CBM. A new shade of reflective green will be used for the numeral 10,000, […]
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