With car ownership in Yangon seemingly rising, the availability of adequate car parking space is looming as an important factor for some in their choice of house or apartment.
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Government attempts to crack down on illegal brickmakers at a major manufacturing region have curtailed rainy season production and pushed prices 20 percent higher than usual.
Demand for land in townships such as Thingangyun, Thaketa, South Okkalapa and North Dagon is rising, real estate agents said last week.
Gandamar Wholesale market in Mayangone township will open soon and pre-sales of plots at the site began on September 17, a Union of Myanmar Economic Holdings Limited official said last week.
The only way is up if you’re in the elevator business, with one distributor saying that sales this year are expected to rise 20 percent on 2010.
Taw Win Family Construction will embark on a new 1600-apartment low-cost housing development project in October.
Yangon’s real estate market has been quiet since early July and even the extension of a property sales tax break on August 12 has failed to reinvigorate the industry.
Plot owners at the Thilawa-Kyauktan Industrial Zone in Yangon Region were last week urged to put their properties to use by the Department of Human Settlement and Housing Development.
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