Real estate agents say the rental market is already running strong, with incoming foreigners seeking accommodation and offices.
A residents association at FMI City held a press conference to object to the developer raising maintenance fees, removing cash from a maintenance fund and redeveloping public space into new housing.
Hundreds of tenants of the 8-acre Mindhama nursery and flower compound in Mayangone township say Yangon City Development Committee has told them to relocate to Thaketa to make way for a new central business district.
Yee Shin Company is seeking a joint venture partner or tenant for its Zegyo Plaza development in Mandalay.
The axing of a five-year-long tax holiday related to property sales has significantly decreased activity in the real estate market.
A group of lawyers held a press conference to oppose the government leasing the High Court and Small Causes Court, formerly the Police Commissioner’s headquarters, in Yangon to private enterprises.
Some brickmakers in Yangon Region may cease production next year following government efforts to clamp down on the use of farmland for production.
Residents of May Thu Housing in Kamaryut township say the developer has broken his word by nearly doubling parking fees and adding a new building on land that was supposed to be used for communal recreation.
