Foreign Property News | Posted by Shwe Zin Win
On November 1st 2019, the Thai Ministry of Interior published two announcements regarding the fees for property registrations. One announcement is related to condominiums, the other announcement for land and buildings. According to the notifications, the registration fee for the transfer of ownership of a condominium, or a land and building at the Land Office will be reduced from 2% to 0.01%. The reduction only applies if the value of the condominium, or land and building, does not exceed 3 million THB. The fee for the registration of a mortgage on a condominium, or land and building at the Land Office will be reduced from 1 percent to 0.01 percent if the value of the mortgage is not...
Foreign Property News | Posted by Shwe Zin Win
Condominiums are arguably the hottest type of real estate in Cambodia. Less than a decade ago, however, there were only a few condo projects in the capital. Most of them were geared toward expat clientele. Now, over a decade later, a new trend is emerging as Cambodia’s middle class are pushing the demand for property ownership. Ouk Chandaravuth, Sale & Marketing Director for Seven Residence Co Ltd, has seen first-hand the growing desire for condo ownership among Cambodians. Daravuth said that, previously, there was a gap in the market as the demand for property ownership grew among locals. Condos, he said, are meeting that new demand. In fact, growing demand for condo...
Local Property News | Posted by Si Thu Aung
Q Home Development’s Skysuites Luxury Condominium Sale Exhibition hosted by Myanmar’s No.1 property website iMyanmarHouse.com was successful held at No. (23), Yanshin Street, Yankin Township from 10 a.m. to 7 p.m. on January (18 & 19) Sat and Sun. The exhibition was opened from 10 a.m. to 7 p.m. and anyone can visit and see well-prepared condominium designs that look like real designs. During two days of the exhibition, it has sold for over k 5.7 billion with special discounts, in instalment plans without interests and with a long-term lease with banks. Skysuites Luxury Condominium is built on one acre of ancestral land and it can be owned from generation to...
Foreign Property News | Posted by Zarni Kyaw
Fashion designer Tamara Mellon has parted with her West Village apartment, selling it earlier this month for $18.8 million, according to property records. The 52-year-old co-founder of luxury shoe brand Jimmy Choo paid $18.35 million in 2016 for the condo at The Greenwich Lane—a five-building complex with amenities including a swimming pool and golf simulator—records show. The three-bedroom Manhattan apartment spans close to 4,000 square feet and has entertainment areas, an eat-in kitchen and high ceilings throughout, according to the listing with Corcoran’s Carrie Chiang and Aloysius Carlos. Ms. Chiang and Mr. Carlos did not immediately respond to a request for comment...
Local Property News | Posted by Shwe Zin Win
### Zawgyi Version ### ၂၀၁၉ ခုႏွစ္ ၊ ဒီဇင္ဘာလ ( ၂၁ ၊ ၂၂ ) စေန ၊ တနဂၤေႏြ ေန႔မ်ားတြင္ ျမန္မာနိုင္ငံ၏နံပါတ္တစ္ အိမ္ျခံေျမေရာင္းဝယ္ငွားဝဘ္ဆိုက္ျဖစ္ေသာ iMyanmarHouse.com ( အိုင္ျမန္မာေဟာက္စ္ေဒါ့ကြန္း ) နွင့္ IME Property တို႔ ပူးေပါင္းက်င္းပသည့္ လွည္းတန္းအနီးရွိ တန္ဖိုးသင့္ကြန္ဒုိ The Leaf Residence...
Local Property News | Posted by Zarni Kyaw
Myanmar’s largest real estate exhibition organized and hosted by iMyanmarHouse.com, Myanmar’s No.1 Property Website, was held for the 12th time at Tatmadaw Exhibition Hall, U Wisara Road, Yangon on (6,7,8) December. The exhibition was started with the ribbon-cutting ceremony by U Nay Min Thu, Managing Director of iMyanmarHouse.com, Daw Phyu Phyu Thin, Sales Manager of Golden City (Main Sponsor), U Thura Maung, Director of Retail of AYA Bank (Official Banking Partner), U Htay Aung Kyaw, Smart Secure Consumer Department Head of KBZ Bank (Official Banking Partner), U Zayyar Thein Htut( Official Banking Partner) , Business Development Manager of Yoma Bank, Daw Theint Theint...
Local Property News | Posted by Zarni Kyaw
### Zawgyi Version ### တာေမြျပည္သူ႔လႊတ္ေတာ္ကိုယ္စားလွယ္ဦးတိုးဝင္းက ရန္ကုန္မွ အႏၲရာယ္ရွိအေဆာက္အအုံမ်ားျပန္လည္တည္ေဆာက္ရာတြင္ တိုက္ခန္းပိုင္ရွင္မ်ား ရပိုင္ခြင့္မဆုံးရႈံးေစရန္ မည္ကဲ့သို႔စီစဥ္ေဆာင္ရြက္ထားေၾကာင္း...
Local Property News | Posted by Zarni Kyaw
### Zawgyi Version ### စုေပါင္းပိုင္အေဆာက္အအုံဆိုင္ရာ စီမံခန္႔ခြဲေရးေကာ္မတီသို႔ ကြန္ဒိုမွတ္ပုံတင္ရန္ ေလၽွာက္လႊာတင္ထားေသာ ေဆာက္လုပ္ၿပီးႏွင့္ ေဆာက္လုပ္ဆဲကြန္ဒိုပေရာဂ်က္ ၁၁ ခုရွိေၾကာင္း စီမံခန္႔ခြဲေရးေကာ္မတီမွ သိရသည္။ စုေပါင္းပိုင္အေဆာက္အအုံဆိုင္ရာ...
Local Property News | Posted by Zarni Kyaw
Do ladies and gentlemen know that there is a 20% discount on buyer taxes for Real Estate buyers? With the aim of flourishing the property market that is completely cool and improving for the country’s economic to a certain extent, Myanmar government has reduced buyer taxes as the followings. From l kyat to 1000 lakhs (3%) From 1001 lakhs of MMK to 3000 lakhs (5%) From 3001 lakhs of MMK to 30000 lakhs (15%) From 30001 Lakhs of MMK and Above (30%) It will come into effect from 1st October to 30 September, 2019. If you have a desire to buy a house before and you don’t want to register it due to tax fees and also don’t want to change names, this is the best time to...
Foreign Property News | Posted by Aye Myat Thu
Good news for sellers (and developers). The increase in residential property prices, which include condo prices, is expected to last until Q3 2020, a new Savills Research report revealed. Based on URA data, private home prices rose a second consecutive quarter in Q3 2019 by 1.3%, after 2.0% in Q2. This increase is mostly driven by newly launched projects, which buyers have been lately observed to gravitate towards at the expense of resale property according to the latest PropertyGuru quarterly report. However, the Savills report also noted certain factors that may stunt the upward momentum of prices. “Although studies have shown that the up-leg of our price cycle tends to last 8.7...