The Condominium Management Committee has been fine-tuning the registration process under the Condominium Law, and will accept registrations in early 2020, said U Myo Myint, general secretary of the Myanmar Construction Entrepreneurs Association (MCEA). “We are negotiating for sales with foreigners and investors. There are some issues in the law. After negotiations, the registrations can […]
Plans underway to issue construction permits to condo license holders in Yangon
June 6, 2019 by
Plans are underway to issue construction permits to the companies that have received condominium establishment licenses in Yangon Region as soon as possible, said Yangon Chief Minister Phyo Min Thein. “We are trying our best to issue permits as quickly as possible. We are cooperating with the Ministry of Construction in accord with the condominium […]
Buyers in Singapore snap up US$6 million worth of Myanmar property
March 18, 2019 by
Myanmar citizens based in Singapore snapped up US$6 million worth of apartments and condominium units in Yangon at a two-day real estate fair held in the city state earlier this month. Hosted by iMyanmarHouse.com, Myanmar’s largest online property portal, the expo has been held at least once a year in Singapore since 2015 and targets […]
Colliers Property Report – Myanmar Service Apartment Quarterly Q4 2018
February 19, 2019 by
SUMMARY & RECOMMENDATIONS Competition is anticipated to gradually intensify as supply is estimated to double in the next two years. This will perhaps be more noticeable in the upscale segment. Meanwhile, the entry of higher quality projects in 2018 has already driven rents towards more competitive levels. Despite the price correction, affordability remains a key […]
Supply of housing units to rise, spur more development
February 1, 2019 by
Despite a rise in the number of housing units provided by the government and private sector, the gap between supply and demand for affordable homes in Yangon is widening as the population expands, Daw Aye Aye Latt, MD of Chantha Shwe Myay Construction Co, told Myanmar Times during an exclusive interview. To address the shortage, […]
M-development Corp signs Chanmyashwepyay project in Mandalay
October 17, 2017 by
M-development Corporation (Myanmar) Co has signed a Build, Operate and Transfer agreement with the Mandalay City Development Committee (MCDC) to upgrade the Chanmyashwepyay (Kywesekan) Bus Terminal over a period of 50 years, at K3 billion per year. The terminal will be upgraded in accordance with international standards and built to function like an airport. Targeted […]
