Broad Change Comes to Myanmar, and Developers Follow

International Herald Tribune

August 9, 2012

YANGON, MYANMAR — Soe Thiha Hlaing, the director of sales and marketing for Serge Pun & Associates (Myanmar), says the company’s planned 160-acre rental apartment and condominium complex on the rural outskirts of Yangon will emulate high-end housing developments in Singapore and other international cities.

No matter that the apartment and condominium market here in the dilapidated capital has been stagnant for 15 years, by the company’s reckoning, and that foreigners in Myanmar are not permitted to buy homes or land.

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