Foreigners who purchase jewellery and gems at the Yangon International Gems and Jewellery Fair 2020 will exempted from paying a 5 percent commercial tax, according to Daw Nyunt Nyunt Khine, joint-treasurer at the Gems and Jewellery Entrepreneurs Association (GJEA). Foreigners entering the country to participate at the fair will also be given easy access to […]
Land buyers in Myanmar’s Yangon have to pay infrastructure fees
October 23, 2019 by
Buyers of land sold by the Yangon regional government have to pay infrastructure fees, according to the Yangon City Development Committee (YCDC). Land sold by the regional government lacked electricity and water supplies, the agency said. The regional government has announced that about 530 plots owned by the government will be sold to the public […]
Fraudulent land sale alleged in Mandalay
August 6, 2019 by
A single land plot in Mandalay was sold twice to different people, one of the affected buyers has told the media. At a press conference, property buyer U Naing Lin said he paid K600 million for a piece of land in Myothit No.1 ward and was issued a title for the land even though it […]
New Minimum Wage Brings Trouble to Garment Industry: Garment Association President
July 30, 2018 by
The new minimum wage is causing trouble for the garment industry, U Myin Soe, President of Myanmar Garment Manufacturers Association, said during a press conference held on July 10 at UMFCCI. “We all know that the new minimum wage is now set at K4,800. It’s a 33 percent hike compared to the previous wage of […]
Property buyers eye Dagon land as owners sell for losses
November 16, 2017 by
For buyers interested in purchasing land or homes in Dagon, now could be a good time to take closer look at the property market in the area. Land prices in South Dagon have been falling even though property sales have been robust. According to Ma Cho New, a local real estate agent, sales improved after […]
5th Yangon Property Exhibition – Over $11 million USD worth of properties sold
June 5, 2017 by
The 5th Yangon Property Exhibition, organised by leading property website iMyanmarHouse.com, took place over 19th-21st May 2017. The event brought together over 50 property developers and real estate companies hoping to sell their wares to over 12,000 eager attendees. More than 120 new development projects were showcased at the exhibition, ranging from high-end condos to […]
Govt Measures Fail to Cool Yangon’s Overheated Property Market: Experts
September 7, 2013 by
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 […]
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