Rules to new Condominium Law now being refined, will be enacted soon

Regulations to the 2016 Condominium Law, which will be enacted soon, will allow foreign nationals to take a maximum stake of 25 percent in a condominium property, among other new provisions, said U Nway Hmu, deputy director of the housing division under the Urban and Housing Development Department. The real estate market in Myanmar has […]

Two low-cost housing projects put out to tender

Subscribe to our tender alert mailing list The Urban and Housing Development Department put two low-cost housing projects out to tender on Monday. The deadline for bids has been set on September 30. The winning bidder will build affordable apartment complexes on 31 acres of land in the Thilawa Special Economic Zone in Thanlyin Township […]

Myanmar expects competitive realty prices by 2018

Exorbitant property prices, highlighted as one of the biggest business barriers in Myanmar, are expected to be brought down to a level competitive with that of neighbouring countries by 2018. Moe Thida, deputy director of the Construction Ministry’s Urban and Housing Development Department, told the Myanmar Global Investment Forum last week that some measures have […]