Rangoon Rental Costs in the Spotlight After Unicef Outcry

[DagonKhan]

By KYAW HSU MON & SIMON LEWIS / THE IRRAWADDY| Friday, May 30, 2014 |

RANGOON — Following an outcry over the revelation that the United Nations Children’s Fund (Unicef) is paying a steep rental fee to a former military official, other international organizations operating in Burma are facing calls to be transparent about their rental arrangements in Rangoon.

Last week, Unicef admitted that it pays US$87,000 per month for its office in the up-market Golden Valley neighborhood of the former capital, and confirmed that the property’s owner is related to a former general—thought to be former Agriculture Minister Nyunt Tin.

Some organizations have followed Unicef’s lead in revealing information on their rental of properties in Rangoon. The World Health Organization (WHO) admitted it is paying almost as much, $79,000 per month, for its Rangoon office.

Continues here:- http://www.irrawaddy.org/burma/rangoon-rental-costs-spotlight-unicef-outcry.html?PageSpeed=noscript

Interesting that the WHO claims it's paying US$79,000/pcm when that property was advertised in the property journal for US$30,000 about 3 months before they rented it...

[SeaVisionBurma]

Thanks for posting this DK

That amount for the UNICEF rental is simply incredible....regardless of who it belongs to.

Gobsmacked is the only word I can use...

[Khun Loong]

I have been to Yangon numerous times to try to rent an interesting building to convert to a boutique hotel and also one for a live music venue. Found it impossible to rent at a reasonable rate. One more trip then give up.