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Constructors expected “Apartment Law”

Myanmar real estate news The constructors expected the apartment law for the simple apartments as the market is quiet after released of condominium law.

“The apartment does not have the guarantee yet of its ownership, and law protection is also weak because of that the market is quiet,” Myanmar Constructional Association, Vice chairman U Shein Win said.

There are a lots of problem often happened between the owner and the tenants because of there is no specific law for the apartment.

He added that “when the law is release, besides the apartment, the perfect preventing points to be included in the law regarding such as store and super market,” said U Shein Win.

When the property is rent out, each responsible task has to take by both the owner and the tenants which should be mentioned in the law. Then only both the tenants and owner will be understand each other.