To help the construction and real estate sectors expand and stay profitable, government support in the form of tax and loan policy reforms is necessary, developers said. Currently, developers must pay taxes of up to 10 percent on the sale of condominium units priced between K100 million to K500 million. Meanwhile, buyers must pay a […]
Why the construction sector is ailing and how it could recover
November 6, 2017 by Thiha
Filed Under: Latest News Tagged With: chair of MKT Construction, condo market, Condominium law, construction and real estate sectors, development and construction, development of Yangon, direct loans, domestic banks, economic development, Foreign Banks, foreign construction companies, Foreigners, government efficiency, high borrowing rates, Income, Interest Rates, Internal Revenue Department, laws and regulations, Myanmar Construction Entrepreneurs Association, Myanmar Times, Myo Myint, One-Stop Service, redundant policies, sale of condominium units, Small and Medium Enterprises, SMEs, Stamp Duty, stringent bank collateral requirements, tax and loan policy reforms, The average price, U Phyo Min Thein, U Tha Aye, Various Sectors, Vice Chair, Yangon, Yangon Chief Minister U Phyo Min Thein, Yangon City Development Committee, YCDC
