Property Interviews

The real estate price can be turned up since the starting time November 2012. The best-renting townships are Botataung, Pazuntaung and Sanchaung Townships because they have enough spaces for car parkings. The most suitable type to be invested is the apartment investment.

The rental market is more served since the end of 2012, starting time. The best-sales in 2013 and 2014 were the single plot in Sanchaung, Maynigone, South Okalapa, and Thingangun Townships. The best apartment sales townships are Sanchaung, Maynigone, Hlaing and Kamayut Townships. The price of 3rd floor with 15×60 sqft is about 65 million MMK. The land price for 1 sqft in Yangon’s landmarks is from 350 thousands to 700 thousands MMK. The 2015 real estate market can be turned up.

The real estate price for 40×60 sqft in East Dagon Township was 200 thousands and 300 thousands MMK before but the current price is 4 million MMK to 5 million MMK. The price of Shwe Lin Pan low-cost housing is 10 million and 15 milllion MMK. The real estate market has been good since 1990-1997 but it has been decreased in the late 1997. The real estate market is good in 2003 and it is stable in the middle of 2006 and it becomes better in 2007 because of the chaging tax rate. The current real estat market has been turned up.

The market is in lower sales because the tax rates are high between 2010 and 2013. Kabaraye Pagoda Road, Pyay Road and Lanmadan are in good sales. The farm price in South Dagon Township is higher than any others. The price is rised because of the news to build subway construction. The market was stable in 2014. When it is newed that Dala bridge project is going to be built, the plot valued about 30 million MMK is rised to 50 million and 60 million MMK. Kyansitthar Housing valued about 2 million MMK becomes rised to 20 million MMK. That real estate price is turned down when the bridge project is cancelled. The real estate market can be turned up in the coming 2015.

The most rental and slaes township are (6) Down Town Townships. The condominiums in Dagon, Yankin, Lanmadaw, Latha, Panbetan and Botataung Townships are in good sales. The real estate market will be better if the government sets the tax rate.

The single apartments are in better sales. The best-selling condominium is from Bahan Township. The real estate price has been turned up since 2009/ 2010. The real estate price has been truned down because the bridge project is cancelled. The government should control the rising real estate price.

Both of the renal and sales are being served because of the foreign investments. The market can be turned up in 2014 and 2015. The condominiums in the centre of Down Town are in better sales. The price for 1 sqft on Parami Road is 600 thousands MMK. Moreover, the price near Inya Lake on Pyay Road is about 1.3 million MMK. The land price in South Dagon is stable because of the fewer housing projects.

U Min Naing explained Thuwana Land sold out with the slaes of over 6 billion MMK. He said concerned with the (37) % tax rate.