The quiet township of South Okkalapa is currently experiencing an increase in tenants and the rental market is starting to look interesting, said real estate agents. Compared to other townships, South Okkalapa has fewer residences and is typically an orderly and quiet township. As such, many people are now moving here, said U Yan Aung, […]
In Yangon, upfront rents stretch tenants, small businesses
February 15, 2017 by
YANGON — As rents in the commercial capital rise, the illegal but common practice of landlords demanding six months’ or even a year’s rent upfront is stretching Yangon’s residential and business tenants to breaking point. Mr Soe Win Maung runs a roadside Shan noodle shop and stays with his wife in the top-floor loft of […]
Myanmar Gov’t to Impose Standard Property Rental Fees
August 12, 2014 by
The government will set standards on property rental prices in an attempt to curb sky-high prices in the real estate rental market, a minister said. Standards for real estate sale transactions were introduced in the 2013-14 fiscal year, following approvals by relevant state and regional governments. Such standardisation will also be conducted for the rental […]
