After three years, regulations under Condominium Law firm up

The Ministry of Construction has announced the formation of a management committee to oversee the implementation of regulations under the Condominium Law 2016 and Condominium Rules 2017. In the announcement on January 5, the ministry said the management committee will register new and existing property developments that meet the definitions of condominiums in the country […]

Condo law could help reverse investment drop, says DICA

Foreign investors would look to the incoming government to create a reliable and welcoming environment, experts say. The speedy adoption of the long-delayed condo law, which would allow foreigners to buy Myanmar real estate, and the reform of investment legislation that favours Myanmar citizens over foreign investors were two of the steps cited that could […]

Condo Law sent back to the drawing board

Weaknesses in the recently completed draft Condominium Law need to be addressed before it can be promulgated, according to officials from the Department of Human Settlement and Housing Department (DHSHD). Although it is targeted to become law this year, some in the industry have pointed to a number of problems with the current draft. Virtually […]