MOST people are interested in buying real estate instead of buying an apartment in Yangon due to volatility in gold prices and exchange rates, according to U Wunna Tun, a real estate agent. “The US dollar exchange rate is higher than the government’s set rate. In addition, the gold price is more than K 2 […]
Nay Pyi Taw real estate market seeing growth
December 9, 2019 by
As more and more people are moving to Myanmar’s capital Nay Pyi Taw, demand in the real estate market has been growing year by year, says Zayar Real Estate Agency’s managing director U Nanda Kyaw. “As new companies and offices move, there are more and more people who want to buy property to set up […]
Lower tax rates, higher liquidity expected to boost property market
October 21, 2019 by
Real estate developers in Myanmar are expecting a boost in the number of property transactions in fiscal 2019-20, which they hope will help jumpstart the local property market. One reason demand will rise is as a result of a reduction in tax rates on previously undeclared income, which is expected to encourage those who have […]
LexisNexis to Help Develop Property Data System for Myanmar’s Commercial Capital
September 17, 2019 by
YANGON—The Yangon regional government on Wednesday signed a memorandum of understanding (MOU) with LexisNexis Southeast Asia, a provider of information analytics, to help set up a reliable housing and real estate information system (HREIS) for Myanmar’s commercial capital. According to the regional government, LexisNexis will carry out the initial analysis for the HREIS, the first […]
Myanmar, Korea sign MoUs on preliminary survey of Dala New City Project and housing finance
September 11, 2019 by
Myanmar and South Korea have signed a memorandum of understanding on the preliminary survey of the Dala New City Project and an MoU on financial cooperation in the real estate sector, according to the Korea-Myanmar business forum held at the Lotte Hotel in Yangon on September 4. “As we launch Korea-Myanmar Industrial Complex (KMIC) and […]
Yangon Govt, Lexis Nexis ink MoU on real estate information system
September 2, 2019 by
THE Yangon Region government signed a memorandum of understanding (MoU) with Southeast Asia Lexis Nexis Co. Ltd for developing the Housing Real Estate Information System (HREIS) on 28 August in Yangon. Speaking at the signing ceremony, Yangon Region Chief Minister U Phyo Min Thein said there are nearly 1.6 million households in Yangon. Of them, […]
Tanintharyi to focus on tourism, property, mining
August 19, 2019 by
Tanintharyi Region, which is located to the far south of Myanmar bordering Thailand, is looking to attract investors in the hotel and tourism, real estate and mining industries during an investment forum the regional government is holding with the Myanmar Investment Commission (MIC) in October. Directorate of Investment and Company Administration (DICA) acting director general […]
Local property buyers investing overseas
August 13, 2019 by
Local property investors may not be buying much property in Myanmar at the moment, but a growing number have been snapping up units overseas. Sai Khun Naung Real Estate Company and Singapore-based real estate broker DWG will be holding an exhibition of luxury condominium properties from Thailand, Malaysia, UK and Japan for those interested in […]
FMI posts record profits for FY 2019
July 9, 2019 by
YANGON—First Myanmar Investment Public Company Limited (FMI) posted revenues of 297.7 billion kyats (US$196.3 million) for fiscal year 2019, a 36-percent increase over last year, the company’s chief operating officer announced at a press conference over the weekend. FMI—a part of the Yoma Group of companies—attributed the growth to strong performances from its Yoma Bank […]
