Myanmar: Delays Issuing Condominium Bylaws Hindering ‘Much Needed’ Foreign Investment”

Delays in formulat­ing bylaws for the new Condomini­um Law is stifling much needed foreign invest­ment in the property sec­tor, according to industry experts.  Despite the Condomin­ium Law being passed in January 2016 policy mak­ers have still yet to issue bylaws aimed at finalising the terms and conditions in which foreigners can own and loan money for condos in Myanmar.  “The bylaws have been pending approval for a long time. I know the par­liament was reviewing the law to fix its weaknesses but it’s taking a very long time to legislate,” said U Aung Than, a real estate agent in downtown Yan­gon.     Read the article…………..


Related Articles

Condo owners sue for $32m; defendants try to shift blame (Singapore)

Residents of The Seaview condominium, unhappy over what they say are numerous defects in their estate, have sued four parties

Ethiopia: Condo Conundrum

One giant construction site is what Addis Ababa currently being likened to. And housing development projects, particularly in the outskirts

Jamaica: Strata Property Owners To Wait Longer For Revised Tax Rates

Tax Administration Jamaica (TAJ) has advised that it will need more time to reconfigure its system to calculate and post