Property cycle at trough, turning point in sight, agents say

Property prices in Mandalay have dropped between 10 to 30 percent over the past five years, with steeper falls seen in less populated residential estates, local real estate agents told The Myanmar Times. After slipping from its peak in 2013 though, the property market could now be at a turning point. “Recent market conditions are […]

Property weak on canned tax amnesty bill

With interest in investment properties in Mandalay expected to be lackluster in the coming months, property agents reckon demand will likely centre on homes priced below K1,000 lakh. “Currently, most sectors of the economy are slowing, so we do not see much demand for resale properties,” U Wunna Soe, a property agent from Poe La […]

Sentiment in Mandalay Property Sector Dampened by High Tax Rates

While homes priced between K50 million and K100 million have been selling relatively quickly in Mandalay, demand for properties priced beyond that bracket has been lackluster, property brokers in Myanmar’s second largest city said. Since 2011, demand for investment properties in Mandalay has been slow, and most buy cheaper properties for residential purposes. That has […]