Condo Draft Law Ready for Parliament This Session: Official

[DagonKhan]

Condo Draft Law Ready for Parliament This Session: Official

By KYAW HSU MON / THE IRRAWADDY| Monday, May 26, 2014 |

RANGOON— A condominium draft law will be submitted to Burmese lawmakers during the upcoming Parliament session, a government official says.

The draft law—written by the Ministry of Construction with assistance from international and local experts—allows foreigners to own certain apartment units while also giving all apartment owners more control over their property, according to Aye Aye Myint, director of the ministry’s Department of Human Settlement and Housing Development.

Continues here:- http://www.irrawaddy.org/burma/condo-draft-law-ready-parliament-session-official.html

Worth a read if you're a foreigner interested in purchasing a condo here.

[DagonKhan]

Another article about condos (and property):- http://www.property-report.com/patience-logistics-and-law-in-yangon-34963

[DagonKhan]

http://www.mmtimes.com/index.php/business/property-news/10459-condominiums-not-covered-by-condo-law.html

[onthemoon]

Still. An interesting first step.

[DagonKhan]

Condo law back to the drawing board:- http://www.mmtimes.com/index.php/business/property-news/10616-condo-law-sent-back-to-the-drawing-board.html

[onthemoon]

The process sounds very democratic to me.

Sent from my A 8+ using Thaivisa Connect Thailand mobile app