The rent for shoplots located in Yangon’s parks and garden have increased based on the market price assessed by the new government, a senior Yangon official said. U Ko Ko Lin, head of the Yangon City Development Committee’s Playgrounds, Parks and Gardens Department, said the increase was to reflect the existing market price of properties […]
Yangon squatter numbers booming
January 11, 2016 by
The number of squatter households has increased fivefold in the 19 townships of Yangon city, says researcher Zin Min who carried out extensive research into the slums of the city. He said the number reached almost 44,000 in townships such as South and North Okkalapa, Thingangyun, South, North and East Dagon, Dagon Seikkan, Dawbon, Thaketa, […]
Suburban apartment demand soars
December 8, 2014 by
People are mainly looking for accommodation in Yangon’s suburbs and outskirts, according to a popular property website. House.com.mm, run by the German-based firm Lamudi, said the most visited townships online were north Dagon Myothit, Thanlyin, Mingalardon, Hmawbi, Insein, South Okkalapa and Hledan. “The property market is difficult in the downtown areas. The rents are skyrocketing. […]
Office Market in Yangon 1Q, 2014
October 22, 2014 by
Subscribe to our Myanmar Property Report Mailing List Research & Forecast Report Yangon | Office Market 1Q 2014 Yangon prime office rents, highest in the region Developers continue the process of trying to absorb anticipated demand as the country opens up to more inbound investment. To date, Yangon’s office stock is at 112,000 sq m, […]
Yangon’s urban-development plans are self-defeating, critics say
September 23, 2014 by
Residents of Yangon are generally unexcited by the government’s plans to build more low-cost projects, citing the high prices and negative consequences of the projects to land prices and rents in the commercial city. Asked about this, Zaw Zaw, a resident of a northern section of Dagon Myothit Township, simply said “We can’t afford them.” […]
