Friday, 23 February 2018
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myanmar - Real Estate - News

Draft YCDC Law to drive Yangon Growth submitted in Parliament

Yangon’s leaders want to upgrade and promote the city as a business hub for the country. Last week, its mayor, U Maung Maung Soe, submitted draft legislation for the governing and development of the city to the Yangon Regional Parliament.
Date: 08 February 2018; Type: Legal News; Source: Myanmar Times

Parliament warns Urban Planners to follow the Law

A legislator has asked parliament to conduct a systematic review of all urban planning projects to determine if they are following the law.
Date: 06 February 2018; Type: Legal News; Source: Myanmar Times

Construction Sector under threat from High Tax, Interest Rates

Unreasonably high tax and interest rates could lead to the collapse of Mandalay’s already ailing construction sector, U Shein Win, Vice Chair of the Myanmar Construction Entrepreneur Association (MCEA) told The Myanmar Times last Friday.
Date: 29 January 2018; Type: Legal News; Source: Myanmar Times

Yangon City Development Law under fire before Enactment

After six months of redrafting and deliberation, Yangon will lay down the latest version of the Yangon City Development Law very soon, Yangon Hluttaw bill committee chair U Thein Myint told The Myanmar Times.
Date: 19 December 2017; Type: Legal News; Source: Myanmar Times

New Condominium Rules allow More Flexibility for Foreigners

Foreigners will be given more flexibility to invest in the local property sector, according to new rules under the Condominium Law announced Thursday. The Condominium Rules are the final steps of the implementation of the Condominium Law, which was approved last year.
Date: 16 December 2017; Type: Legal News; Source: Myanmar Times

Draft Condominium Bylaw to be ready in Two Months

The condominium bylaw which is currently being drafted will be enacted soon, and it will include the right for the buyers to be connected to banks and purchase with an instalment system, said U Min Htein, director general of the Department of Urban and Housing Development (DUHD) under the Ministry of Construction.
Date: 23 August 2017; Type: Legal News; Source: Myanmar Times

Speaker warns Ministry about issuing of Land-use Certificates

The Department of Agricultural Farmland Management and Statistics, which issues land-use certificates to farmers, is not following proper procedures, Pyithu Hluttaw Speaker U Win Myint warned the ministry that supervises the department.
Date: 10 August 2017; Type: Legal News; Source: Myanmar Times

Mandalay targets Rental Agreement Violations

The government will take action against rental housings residents in the western part of Mandalay who sublet or resell their units, said Mandalay Mayor Ye Lwin.
Date: 11 July 2017; Type: Legal News; Source: Myanmar Times

Land Rights Major Risk for EU-Myanmar IPA

As EU-Myanmar Investment Protection Agreement (IPA) negotiations entered the fifth round, a report released by ACT-Alliance on the potential risks and opportunities of the agreement has named Myanmar’s widespread land conflicts, land-related human rights, the need for policy space and limited institutional capacity as major obstacles to the f ...
Date: 12 May 2017; Type: Legal News; Source: Myanmar Times

Locals to protest against Land, Compensation Issues

Local residents living near the Sabeitaung and Kyesintaung copper mines of Monywa township, will launch a protest on April 26 to demand a quick resolution to the issue of confiscated lands and compensation.
Date: 24 April 2017; Type: Legal News; Source: Myanmar Times

Court for Unlicensed Rental of Properties

MANDALAY property owners have been warned that from July onwards, those who rent out their premises without a house rental business license, will be taken to court.
Date: 17 March 2017; Type: Legal News; Source: Myanmar Times

Mandalay Farmers want Lawsuits over Seized Land withdrawn

Farmers in Mandalay Region facing court cases over land seizures want the regional government to withdraw the lawsuits and return the land to them.
Date: 27 February 2017; Type: Legal News; Source: Myanmar Times

Two Laws to be amended to solve Land Disputes

To resolve disputes over confiscated lands and to streamline the process of returning them to the rightful owners, the Union government will amend two land-related laws, said Dr Aung Thu, Union Minister for Agriculture, Livestock and Irrigation.
Date: 14 February 2017; Type: Legal News; Source: Myanmar Times

Disputes delaying Return of Land in Mandalay

Ownership disputes in Pyin Oo Lwin township, Mandalay Region have been delaying the return of farmlands which were previously confiscated for government projects.
Date: 07 February 2017; Type: Legal News; Source: Myanmar Times

Consultation on Investment Rules highlights Land Issues

A public consultation on the regulations that will accompany Myanmar’s new investment law threw the spotlight onto the country’s complicated land legislation once again. But although they acknowledge the barriers that land rules present to potential investors, officials in charge of the investment law regulations say there is little the ...
Date: 30 January 2017; Type: Legal News; Source: Myanmar Times

Report urges Review of Land Laws to protect Small-Scale Farmers

An evaluation of land use and farming laws by a local civil society group has concluded that the current legislative framework legalises unfair land confiscations, penalises small-scale farmers and discriminates against women owning, selling or inheriting land.
Date: 18 January 2017; Type: Legal News; Source: Myanmar Times

Mines Rules to be submitted for Government Review this Month

The new Myanmar Mining Law could soon have regulatory teeth that support the implementation of the law and establish a state and Union power division in the licensing process, The Myanmar Times has learned.
Date: 13 January 2017; Type: Legal News; Source: Myanmar Times

Industry Updates

Start-ups, SMEs Call for Greater Access to Loans by Foreign Banks

Start-ups and small and medium-sized enterprises (SMEs) are now calling for equal treatment of foreign and local banks as this will give them more options to borrow money for growth.

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Thailand, Cambodia discuss Nationality Verification for Migrant Workers

PHNOM PENH, Feb 14 (NNT) - Thailand's Labor Minister Adul Sangsingkeo and his Cambodian counterpart Ith Samheng discussed the nationality verification for undocumented migrant workers.

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Departing Lawyer urged NLD Government to get their Acts together

ERIC Rose from Herzfeld Rubin Meyer & Rose Law Firm Limited (HRMR), the Myanmar affiliate of New York-based Herzfeld & Rubin PC (H&R), attributed his exit to the combination of government inaction, the Rakhine crisis, remaining US financial sanctions and the suspension of the EU-Myanmar Investment Protection Agreement (IPA), which he alluded to as a “three-legged stool”.

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ASEAN: Terrorism most serious Security Threat to Region

SINGAPORE, Feb 6 (Bernama) - The ASEAN Defence Ministers today unanimously identified terrorism as the most serious security threat to the region.

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ASEAN unanimously agreed on KSCIP Initiative

SINGAPORE, Feb 6 (Bernama) - All 10 ASEAN countries have agreed with the King Salman Center for International Peace (KSCIP) initiative, said Malaysian Defence Minister Datuk Seri Hishammuddin Tun Hussein.

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Court Staff involved in Corruption: Committee

Low-rankING court officers have been accused of misusing judges’ names to solicit bribes, which is damaging the integrity of the courts, said U Myint Lwin, chair of the Examination Committee at the Yangon regional Hluttaw.

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Lawyers mark One Year since U Ko Ni’s Death

Lawyer groups marked the first anniversary of U Ko Ni’s assassination on Sunday with a call for the swift punishment of his accused murderers.

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Myanmar, Denmark launch New SME Fund

The Embassy of Denmark in Yangon and Department of SME Development under the Ministry of Industry on Thursday launched a Responsible Business Fund aimed at improving the productivity and competitiveness of Myanmar Small and Medium Enterprises (SMEs).

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Connectivity determinant to promote ASEAN-Indian Economic Cooperation

New Delhi, India, Jan 27 (ANTARA News) - Combined population of nearly 2 billion of the Association of Southeast Asian nations (ASEAN) and India could make southern Asian region a potential economic grouping.

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Chile, Thailand, ASEAN step up Cooperation on Anti-Money Laundering Campaign

BANGKOK, Jan 24 (NNT) - Thailand and Chile are organizing an international workshop on a joint anti-money laundering campaign.

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ASEAN-India Leaders vow to broaden Cooperation

Asean and Indian leaders agreed yesterday to enhance their strategic partnership and broaden cooperation in various fields to drive economic development in the two regions, the Lao Ministry of Foreign Affairs has said.

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Laos, Myanmar vow to cement Ties, sign Three Cooperation Deals

The governments of Laos and Myanmar agreed yesterday to enhance bilateral ties and cooperation during Prime Minister Thongloun Sisoulith’s official visit to the country.

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