This Myanmar condo law has done the opposite of what it intended

More than a year after its passage, a law designed to expedite foreign buying of condominiums in Myanmar has done the opposite, Bloomberg reported.  Luxury unit values in the country sank 22 percent between 2014 and 2016, while those for mid-tier condos slid 41 percent, data from Colliers International Group showed.  Vagaries to the 2016 Condominium Law have put off prospective investors in projects that may or may not qualify as condominiums. The law permits foreign nationals to buy condominiums legitimately for the first time in Myanmar, with the caveat that foreign ownership of a development must be capped at 40 percent.    Read the article………….


Related Articles

New Zealand: Government reviews Unit Titles Act to tighten apartment rules

The Government has released a discussion document of reforms to better protect the growing number of apartment and townhouse dwellers.

Ethiopia: Condo Conundrum

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

Nash Kray Party launches first online rating of housing management companies, homeowner associations in Kyiv (Ukraine)

The Nash Kray Party has launched a first social network in Ukraine for residents of multi-apartment buildings in Kyiv with