Written by Published in Property

Yangon's outer suburbs are likely to become the preferred locations for high-rise residential projects because of high land prices and height restrictions near historic landmarks in the downtown and nearby areas, predicts a leading member of the construction industry.

Written by Published in Property

Multi-national developer Marga Landmark and its Myanmar-based partner Thu Kha Yadanar unveiled plans for a 22-acre (8.9 hectares) multi-use complex located at U Htaung Bo Circle between Shwedagon Pagoda and the Yangon Zoo at a media briefing on June 23.

Written by Published in Property

Hongkong and Shanghai Hotels Limited and Yoma Strategic Holdings Ltd.,have signed an agreement to convert the former Myanmar Railways headquarters in downtown Yangon into a luxury hotel, they announced in a joint news release.

Written by Published in Property

Demand for rented accommodation will be a dominating feature of the real estate market in 2014, say market sources.

Written by Published in Property

Singapore based Center for Management Technology (CMT) has announced that U Myint Swe, Chief Minister of the Yangon Region will inaugurate the Myanmar Real Estate Summit at the Park Royal Hotel in Yangon on September 30.

Written by Published in Property

Myanmar’s surging property market

Real-Estate-Price-Blues

In May 2013, a choice residential property on Pyay Road in Yangon’s Golden Valley sold for US$972 per square foot (psf). Today, two months later, the owner has divided the property in half—and the asking price for one half of the bifurcated property is US$1,228 psf.