Yangon's rental market is running hot even as the traditional lull signaled by the start of Lent approaches.
The government’s changes to import licenses for cars has seen a rush of new cars come in, with prices falling and attention diverted away from the real estate market.
A New flyover is set to be built at the Bayintnaung junction in Insein township. The project, which is being undertaken by First Myanmar Investment Company (FMI), was inaugurated by the company on June 5.
Brick prices are shooting upwards on the back of a rising costs, traders said.
Structural weakness and poor awareness have been blamed for the partial collapse of a two-storey residential house in Pazundaung township.
Licenced real estate agents say they are suffering from copycat brokers who misuse their company names and logos.
Demand for large plots of land along main roads for use as car showrooms is running hot, real estate agents said last week.
Developers are split on the Yangon City Development Committee’s late-April decision to increase building contractor deposit fees by 500 percent to K50 million.
