Myanmar real estate news

High-rise Condominium to be emerged in 2017

Myanmar real estate news Due to the crowded population, people are living in the condominium and apartments instead of living in the landed house in the Yangon City.

Contract employees have built approximately many of two room set of the highest 9-storey building are seen in the earlier year of 2000. Wide and large room flats are named as Condominium.

In those day, like other developing countries the latest high-rise residence buildings, common use residential place, hotel and office buildings have been countable situation.

But in political transition in the time of U Thein Sein government, the latest high-rise building were given chance to build in Yangon and it were found being built in 2015 and 2016 year.

When the latest high-rise building projects were started emerge like that, most of them are rented for long term from the government by BOT system and Condominium building, Service apartments building, Official Building, Hotel building projects.