Property market expected to pick up after elections in Myanmar

Real estate developers are expecting the market to pick up after the November 8 election, when uncertainty over COVID-19 and the political process has cleared. Although lower interest rates have attracted some buyers into the market, COVID-19 restrictions have dampened buyer sentiment. Many buyers are waiting until after the elections to make a move,” he […]

Karen Rebel-Backed Firm, Govt to Study Industrial Estate Proposal in Myanmar’s Deep South

YANGON—The Tanintharyi regional government and a company backed by a Karen armed group have signed a memorandum of understanding (MOU) to conduct a feasibility study on a strategic industrial estate project on Monday that aims to link with two major regional economic corridors, one backed by China and the other by Japan. Five hours by […]

Saha cancels Myanmar estate

Saha Group, the country’s leading consumer product conglomerate, has scrapped plans to set up an industrial estate in Myanmar, citing high land prices in the neighbouring country. Chairman Boonsithi Chokwatana said the group decided not to develop its own industrial park on a 1,000-rai plot in Myanmar after studying the project’s potential for a few […]