Monday, September 25, 2017

Government guarantees needed for large investments in real estate sector

Government guarantees on investments and policies are required before Yangon and the rest of the country can secure the capital needed to develop large-scale megacity projects, real estate experts said.

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Citizens working overseas expected to boost demand for condo market

Real estate portal Shwe Property will be hold their first real estate expo in Singapore this month on August 26 and 27, targeting Myanmar citizens working in the city state.

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New mega-complex project approved near Yangon’s Shwedagon Pagoda

A Japan-led consortium has officially obtained permission to build a large-scale mixed-development project at the intersection of Shwedagon Pagoda Road and U Wisara Road in Yangon.

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Housing standards improving but one quarter still in unsuitable homes

One quarter of Myanmar’s population still occupies low-quality homes with inadequate living conditions, according to a report on housing conditions and amenities by the government and UNFPA, formerly the United Nations Fund for Population Activities.

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Affordable home market to expand aided by flexi-payment options

Demand for private affordable housing in Myanmar is expected to rise this year as a slew of units nearing completion are put up for sale, said Mr Kevin Goos, managing director of ShweProperty.com.

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New bridge linking Mingalar Taung Nyunt and Dawbon to open next year

A new bridge that will link Mingalar Taung Nyunt and Dawbon townships will be opened early next year, the Japan International Cooperation Agency (JICA) said.

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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.

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New urban development projects for six satellite townships in the works

The Ministry of Construction (MOC) is planning new urban development projects for six satellite townships as part of a strategic plan to develop Yangon, according to the MOC and the Department of Urban and Housing Development.

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