Potential Yangon Property Market & Situation

In Yangon, Condominium market will develop by quickly but Foreigners cannot purchase the estate, house and land until now. However, Government has a plan to change some of property law in Myanmar because Myanmar is developing country and many foreigners come to work in Myanmar. In future year, Myanmar government will allow in property law that the foreigners can buy the Condominium.

Yanking Township will develop as region development Township in Yangon because all of Condominium scattered lies in Yankin Township. And then the famous project of Golden City will finish on end of 2017 and another famous project of HAGL will finish on end of December 2018.

And then the market of Mini Condominium, Housing & apartment will be good market and the market of lease, sell & buy sectorare improve by quickly in coming years.

The good location (House, Condominium & Apartment) can obtain good price to rent the office. Moreover, All of landlord in good location will lease their property by competitive system.

In future years of Myanmar, in Myanmar Property and Real Estate sector, many landlords will use the installment selling and payment system such as U.S and other developed countries by long term year payment (30 or 40 or 50 years payment). So,In coming years of Myanmar, the really resident people will increase in Property & Real Estate sector and manipulation people will disappear by slowly in Real Estate sector.

Another potential landmark is Myanmar Thilawa SEZ. Thilawa SEZ is famous in International Manufacturing sector. And then Special Economic Zone B will start to operate the business on end of 2016.

Summing up, the potential market and situation of Yangon property will be increasing in coming years and all of investors can obtain many opportunities in Yangon Property and Real Estate Sector but demand and supply of Yangon property market is stable until now.