Wednesday , March 29 2017

Real Estate

Myanmar luxury property reels from foreign-buyer confusion

epa03390920 A photo made available on 09 September 2012 shows a Myanmar worker working on the top of a construction site in Yangon, Myanmar, 08 September 2012. Myanmar's parliament approved a new draft foreign investment law aimed at opening the country up to infusions of capital and job creation, sources said 08 September. The final draft dropped a controversial clause requiring foreign investors to invest a minimum of five million dollars, said lower house legislator Thein Nyunt. Economists and some officials had criticized the minimum as likely to scare away the small and medium-sized companies that country desperately needs to create jobs.  EPA/LYNN BO BO

  Bloomberg Confusion over a law allowing foreigners to buy condominiums in Myanmar is prolonging a slowdown in its residential property sector, highlighting the challenges of regulatory flux in the frontier market. The legislation adopted in January 2016 leaves unanswered questions such as whether it applies to existing apartments, hurting ...

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Omran Properties unveils AED2.47 billion projects

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  Sharjah / Emirates Business As part of a massive investment drive, Sharjah-based Omran Properties is to launch three real-estate projects in the emirate worth AED 2.47 billion. The unprecedented developments, the first Omran have made in Sharjah, bring new residential, retail, commercial and hospitality opportunities to Sharjah’s existing and ...

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Real estate sector dominates Abu Dhabi foreign investment

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  Abu Dhabi / Emirates Business Foreign investors continue to pour billions into the Abu Dhabi real estate market, as new international standards and property regulations increase investor confidence in the sector. According to Abu Dhabi Securities Exchange (ADX) investors outside of the UAE pumped $40.3m last month into the ...

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Realtors investigated for Hong Kong overseas property sales

General view of land development at the Kai Tak area, which is the location of city's former airport, in Hong Kong, China March 14, 2017. Picture taken March 14, 2017. REUTERS/Bobby Yip

  Bloomberg Hong Kong’s securities regulator is investigating whether realtors selling overseas properties are illegally marketing investment plans, according to a lawmaker helping investors who lost money on such deals. Buyers argued that developments promoting guaranteed rental income are so-called collective investment schemes, which need approval from the Securities and ...

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