Yangon Chief Minister U Phyo Min Thein said that we will try to restrain the market price of properties in gradually over raise of marketing price.
He said on the meeting who attended vice president and Business people on the last February 18.
He said, “I would like to tell you frankly that it is because I worry about that all the landlord will expect the price of the land will raise in the future and we will manage to try to restrain the land value gradually in Yangon”.
During 2007-2012 year, the Real Estate of Myanmar is known as Golden period for it was well developed in those days.
Especially the government and public development projects which in Yangon have more increased where it was the best investment for real estate. The apartment for sale and for rent were increased and the market price were also became higher.