Professional Documents
Culture Documents
Land types
The state owns all land in the
county and it disperses holdings
to individuals, companies and
government branches under the
following categories.
Note that possibilities and
procedures for foreign holdings
vary according to the land type;
for more detailed information on
this topic, see the 2014 report
Investing in the Myanmar Real
Estate Sector by the law firm VDB
Loi Myanmar Ltd.
Freehold land
Grant land
Farmland
Agricultural land
Monastery / Religious
land
HE people of Myanmar do
not hold absolute property
rights a fact which has
remained true, though
meant different things, through the
pre-colonial, colonial and postcolonial eras.
For centuries in Myanmar, land
arrangements revolved around use
rights rather than ownership, and
this conception was still in force
when the British arrived. As JS
Furnivall wrote in 1909, before the
arrival of the British there was for
the most part no ownership in land:
10
Photo: Staff
OUT:
IN:
BUT...
Cover photograph
Photography
1935
Government of Burma Act 145.
1) No person shall be deprived of
his property in Burma save by
authority of law.
2) The Legislature shall not
have power to make any law
authorizing the compulsory
acquisition for public purposes
of any land, or any commercial
or industrial under taking,
or any interest in, or in
any company owning, any
commercial or industrial under
taking, unless the law provides
In the now-cancelled new city zone west of Yangon, residents say they
would be happy to trade their rural livelihoods for a chance at development
Photo: Yu Yu
Ye Mon
yeemontun2013@gmail.com
2040
General
Secretary
Myanmar Real
Estate Services
Association
There will be
changes in
the real estate
market in 2015, but it will depend on
how much international investment
comes and also on the political
transformation. Prices will either rise
or fall.
Now estate tax has been increased
by nearly 50 percent. In the past, a
2400-square-foot plot of land cost
about K4 million in Dagon and it has
increased to K5 million now. Also
industrial land cost K120 million for one
acre in the past, and now costs about
K190 million.
Dollar rates are low and not good
to invest in here. Gold prices are not
good for business. The car market also
is ruined. So people have changed their
business into real estate. People came
to invest during the era of changes. But
Myanmar people were not familiar with
taxation.
As a tax department, they will
have to explain to people and people
need to understand. Prices saw a 30
percent increase in June and July of
2014, but were calmer after tax rates
were released on October 8. People are
just waiting and seeing because of the
changing times. Later we are expecting
commerce to be in good shape.
U Tun Tun
Manager
Phoenix Real
Estate and
General Service
The property
market is slow
in 2014 but it
was better the year before. It slowed
because of tax increases. Buyers bought
estates and changed the names on the
deeds because taxes rates were cheap
in 2013. Now the cost of changing
names on registration is high, so that
business is not going well.
Now low-cost housing is starting.
But low-cost housing needs to be cheap
so that everyone can live with their own
apartment. Those low-cost housing
prices are a little bit high. Land prices
are the basic issue with going low-cost.
If land prices are cheap, the prices will
be low.
U Maung Lay
Central
Executive
Myanmar Real
Estate Services
Association
The real estate
business is
dependent on increasing and decreasing
prices, but whether prices will go up
or down in 2015 cant be predicted.
The government is developing South
Dagon and North Dagon to be on the
same level with our downtown Latha,
Lanmadaw, Pabedon and Kyauktada
townships. Because of that we cant
predict what will happen next. Buyers
need to check when buying if the
paperwork is real or fake. Buyers need
to associate with professional lawyers
in checking if tax has already been paid
or not.
What goes up
must come down
In Myanmar, demolitions happen piece by piece
Cutting corners
Building rapport...
The old Yangon airport terminal gets pulled down earlier this year. Photo: Wade Guyitt
Su Phyo Win
suphyo1990@gmail.com
HILE other
countries use
explosives to
demolish even
the largest buildings within a few
minutes, crews in Myanmar still do
things the old-fashioned way.
We need to pull out the roof,
the galvanized iron sheets, first,
said U Bo Su, of Yangons Dawbon
township.
After the roof comes off, he says,
the bars supporting it are removed.
Then the walls of the first storey are
removed, then the first-storey floor.
Next the walls come off the ground
floor. Finally, the vertical columns
which formerly supported the whole
structure are taken down.
If it sounds painstaking, it
is, but theres good reason to be
methodical.In a country where
building supplies are at a premium,
bricks, metal, even nails can all be
salvaged, sold and reused.
We buy old buildings from
owners and sometimes public
buildings with tenders and we take
responsibility for their demolising
with our crews, and then sell the
properties back to the contractors,
U Bo Su said.
The demolition team, since they
own the property at the time of
demolition, also profits from the
truckloads
40
Buildings are torn down on Yangons Pyay Road. Photo: Wade Guyitt
A NEW building code was drafted last year and is available for voluntary
compliance before it is officially passed into law, said U Win Khaing,
chair of the Myanmar Engineering Society (MES). The code has been
published by the Ministry of Construction for public reference.
If the construction sector follows this [draft] law, the buildings
that result will be standardised. If somebody asks about the quality
of a building, you can point them toward the National Building Code
(Myanmar), U Win Khaing said.
In the past, he said, standards were left up to individual builders,
leading to vast discrepencies in quality and safety. The new code will bring
rules and regulations to ensure all construction nationwide matches the
same standards. The Ministry of Construction will supervise construction
and measure it against the code in future.
Moreover, a Myanmar Engineering Council law drafted in November
2013 was enacted last month on October 10. A society spokesperson said
it will keep all engineers working from the same blueprint.
Under the Engineering Council Law, engineers will follow standard
rules and regulations too, the spokesperson said.
Aung Shin
koshumgtha@gmail.com
Where everybody
knows your game
On the Mandalay real estate scene, theres one address that
matters above all others your brokers local teashop
Phyo Wai Kyaw
newsroom@mmtimes.com
Sales sluggish
in Yangon
Land-value survey of Yangons townships for
taxes purposes shows how much downtown
demand is driving prices elsewhere too
Toe Wai Aung
toewaiaung.mcm@gmail.com
metres
127
10
11
Luxury living
in Yangon
Tin Yadanar Tun
yadanar.mcm@gmail.com
Star City
Land area 420 acres
Number of rooms over 2000
Price per square foot Over K100,000 to over K200,000
Location Kyaik Khauk Pagoda Road, Thanlyin township
Unit size 651-3374 sq ft
Advantage Shopping malls, banks, schools are included
Contact 09-73119511
The Illustra
Land area 1 acre
Number of rooms 208
Price per square foot
Contact for details
Location Phoe Sain Road,
Bahan township
Construction time
Completion in 2017
Unit size 1292-2088 sq ft
Advantage Fully furnished
apartment with imported
materials
Contact 09-254477633, 09254477644, 01-206431
GEMS
Land area 12.8 acres
Number of rooms 584
Price per square foot K190,000K290,000
Location 113 Insein Road, Hlaing
township
Construction time October
2013-November 2014
Advantage Very fair priced
condo and good location near
Inya Lake and airport
Contact - 01-526146, 526148,
526170
68 Residences
Land area 1 acre
Number of rooms 375
Price per square foot
K390,000-K450,000
Location Sayar San Road at
Kabar Aye Pagoda Road, Bahan
township
Construction time September
2014-September 2017
Advantage Low E-glass system,
duplex system
Contact - 8804477, 8804478,
8804479
Dagon City
Land area 22 acres
Number of rooms over 1000
Price per square foot K350,000-K395,000
Location Kabar Aye Pagoda Road at U Htaung Bo Street
Construction time At least 5 years
Unit size - 1477-2832 sq ft
Advantage Near Shwedagon Pagoda
Contact - 09-448255555
12
HE government is aiming
to make Myanmar the
leading air travel hub on
the continent, a goal that is
spurring the biggest building projects
currently under way.
For the future of Myanmars
aviation sector, we have set a vision
that aims at making Myanmar the
major logistic hub in Asia, said
U Nyan Htun Aung, minister for
transport.
For fulfilling this vision, we have
also defined a mission that will drive
us to develop and strengthen the
safe, secure, efficient, sustainable and
environmentally-friendly aviation
industry in the country.
The ministry will implement four
strategic plans to achieve this goal:
pursuing liberalisation of economic
regulation; establishing new air
linkages to destinations worldwide;
promoting national airlines; and
improving infrastructures.
This last is where the big spending
will happen and where the
construction industry comes in.
We will upgrade, in a timely
manner, our air transport
infrastructure to become qualified
ones. We do recognise the importance
of aviation safety and capacity
building for the development of our
aviation sector, said U Win Swe Tun,
director general of the Department of
Civil Aviation (DCA).
In order to speed up the plans,
he said, the ministry is deploying
Public Private Partnership schemes
in keeping with economic trends and
the new foreign investment law.
Figures from the DCA show total
passenger traffic was 6.49 million in
2013, a 16.5 percent jump from 2012.
The large increase in passenger
million
All the
citys a
stage
Myat Noe Oo
myatnoe.mcm@gmail.com
headline
14
15
Pardon me?
Sound is measured in units called
decibels, and long or repeated
exposure to sounds at or above
85 decibels can cause hearing
loss. The louder the sound, the
shorter the amount of time it
takes for noise-induced hearing
loss to happen.
Here are the average decibel
ratings of some familiar
sounds:
The humming of a refrigerator
45 decibels
Normal conversation
60 decibels
Noise from heavy city traffic
85 decibels
Motorcyles
95 decibels
MP3 player at max volume
105 decibels
Sirens
120 decibels
Firecrackers and firearms
150 decibels
Your distance from the source of
the sound and the length of time
you are exposed to the sound
are also important factors in
protecting your hearing. A good
rule of thumb is to avoid noises
that are too loud, too close or last
too long.
Source: National Institute
on Deafness and Other
Communication Diseases
The city we
deserve?
Yangons urban planning solutions will
remain hampered so long as residents keep
shaping the city toward their own ends
Mon Thi Han
monthihan@hotmail.com
Photo: Yu Yu
IN PICTURES
Workers plus materials equals
the start of the Yangons new
GEMS development, shown
here under construction in
September 2014.
Photo: Thiri Lu