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…………..

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