Myanmar Legal Alert regarding the implementation of the Condominium Law 2016 (“Condo Law”) and Condominium Rules Notification 267/2017 (“Condo Rules”).
Growth in condo sales forecast despite lack of new developments
An absence of new condominium development launches signals a decrease in developers' confidence, but sales growth is forecast thanks to an increase of lower to mid-tier projects, Colliers International Myanmar Condominium Quarterly Review Q2 2018 has found.
"Untapped market potential" for residential development
The residential development for the low and mid-income market with affordable prices reflects "significant untapped market potential", says PwC Myanmar.
Myanmar legal alert: Yangon expressway, land and revenue rights
On 7 September 2018, the Ministry of Construction of the Union Government of Myanmar (“MOC”) officially opened the Request for Qualifications (“RFQ”) phase of the USD 400 Million Yangon Elevated Expressway Project (“the Project”).
New Yangon City to be "job creation engine of the future" creating 2 million new jobs
The New Yangon Development Co. hosted a roundtable meeting with members of the Myanmar Engineering Council, Myanmar Engineering Society, Myanmar Architect Council, and the Association of Myanmar Architects to discuss the New Yangon City Socio-Economic Master Plan.
Influx of tourists spurs demand for more hotels in Yangon
A wave of tourists arriving from Asia has spurred demand for more hotels, as citywide occupancy rates increase, Colliers International Myanmar Hotel Market Quarterly Report Q2 2018 has found.
