soar

Draft town plan to stabilise runaway prices: minister

June 17, 2014 by thiha

Land speculators could get their fingers burnt if town planning rules prevent the construction of certain types of building on their property, a government minister has warned. U Soe Maung, Union Minister for the State President’s Office, says that city zoning could help stabilise land prices. Yangon land prices have soared since the introduction of […]

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Bus ticket price soar ahead of the Burmese New Year (Thingyan) starting 12th April 2014

April 10, 2014 by thiha

As the water festival approaches, bus passengers on the Yangon-Mandalay route are getting soaked. In what some say is a tradition as venerable as drenching passers-by with water, ticket prices have soared, with some more than doubling in price as the holiday looms, customers complain. The K8000 price of a ticket from Yangon to Magwe […]

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Govt Measures Fail to Cool Yangon’s Overheated Property Market: Experts

September 7, 2013 by thiha

Property prices in Rangoon continue to soar and government measures to cool down the real estate market in Burma’s biggest city are failing to make an impact, according to property agents and economists. They said the government should revise its property tax policies in order to stop further price rises. Currently, real estate buyers can […]