{"id":27273,"date":"2016-09-26T21:56:31","date_gmt":"2016-09-26T14:56:31","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-the-lifting-of-us-sanctions-means-for-myanmars-property-market\/"},"modified":"2016-09-26T21:59:39","modified_gmt":"2016-09-26T14:59:39","slug":"what-the-lifting-of-us-sanctions-means-for-myanmars-property-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-the-lifting-of-us-sanctions-means-for-myanmars-property-market\/","title":{"rendered":"What the lifting of US sanctions means for Myanmar\u2019s property market"},"content":{"rendered":"


\nThe Obama administration\u2019s farewell to the embargos could encourage foreign investment
\nThe US will \u2018soon\u2019 redefine an executive order imposing sanctions on Myanmar. Tranakritta saetang\/Shutterstock.com
\nProperty experts expect an influx of expatriates into Myanmar\u2019s housing market after President Barack Obama publicly vowed to lift remaining US economic sanctions from the formerly junta-led country.
\nOnce sanctions are gone, \u201cabsolutely more foreign workers\u201d will need office space and housing in the country,U Than Oo, deputy chair of the Myanmar Real Estate Services Association, recently told the Myanmar Times.
\nForeign investment in real estate and construction is also expected to increase once the sanctions vanish, U Khin Shwe, patron of the Myanmar Construction Entrepreneurs Association, also told the Times, adding that he feels compelled to \u201cbuild offices and houses for foreign businesspeople\u201d.
\nMore: Why residents are moving to this Myanmar township
\nImpressed by the progress Myanmar has made under de facto leader Daw Aung San Suu Kyi, Obama last week said that the US will partially remove sanctions, many of which have been imposed on the ASEAN country since 1997, although he gave no definite time-frame other than \u201csoon.\u201d The US State Department announced that it will redefine an executive order, which describes Myanmar as an \u201cextraordinary threat\u201d to the US, and explore preferential trade arrangements with the country.
\n\u201cWe think that the time has now come to remove all the sanctions that hurt us economically because our country is in a position to open up to those who are interested in taking part in our economic enterprises,\u201d said Daw Suu.
\nThis development comes as government officials place greater scrutiny on high-rise construction projects that have fallen short of urban planning standards in Yangon. A high-rise review committee recently approved only 43 out of 55 new high-rise projects in the city, leaving 12 projects to change their design plans, according to The Irrawaddy.
\nRead next: Myanmar marine tourism gaining luxury reputation
\n
\nSource : property-report.com
\nRead more…What the lifting of US sanctions means for Myanmar\u2019s property market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Obama administration\u2019s farewell to the embargos could encourage foreign investment The US will \u2018soon\u2019...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-27273","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-75T","jetpack-related-posts":[{"id":41176,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/where-did-all-that-foreign-interest-in-the-myanmar-economy-go\/","url_meta":{"origin":27273,"position":0},"title":"Where did all that foreign interest in the Myanmar economy go?","date":"January 19, 2017","format":false,"excerpt":"\r The country posted relatively lacklustre economic growth in 2016 Sulepaya pagoda at Yangon. Boyloso\/Shutterstock Myanmar riveted the world\u2019s attention when it began embracing democratic processes in 2011, setting into motion the demise of decades-long junta rule. However, the market\u2019s star may be on the wane. In its new \u201cGlobal\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14920,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/myanmar-to-grow-the-fastest-in-asia-pacific-this-year\/","url_meta":{"origin":27273,"position":1},"title":"Myanmar to grow the fastest in Asia-Pacific this year","date":"May 31, 2016","format":false,"excerpt":"\r An economic growth spurt ahead in Myanmar despite a stormy 2015 Yangon (Image credit: Grace Farson Blog) It seems to be clear skies ahead for Myanmar\u2019s economy, which is still riding high on recent reforms that has democratised society and eased international sanctions. In its latest Asian Development Outlook\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34584,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wealthy-myanmar-investors-have-an-appetite-for-international-property\/","url_meta":{"origin":27273,"position":2},"title":"Wealthy Myanmar investors have an appetite for international property","date":"November 16, 2016","format":false,"excerpt":"\r Favouring it over local luxury housing Taking flight over Yangon. theskaman306\/Shutterstock Riding on a wave of popularity following the restoration of democratic functions in the country, Myanmar has been basking in a stream of inbound real estate investments in the past year. But in the hunt for luxury properties\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29461,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-bridge-that-will-change-yangons-real-estate-landscape\/","url_meta":{"origin":27273,"position":3},"title":"The bridge that will change Yangon\u2019s real estate landscape","date":"October 11, 2016","format":false,"excerpt":"\r Roads and other infrastructure projects from the Myanmar government and foreign entities will diversify growth around\u00a0the country\u2019s largest city Pedicabs at Dala township in Myanmar. maodoltee\/Shutterstock With the right infrastructure projects, and a little help from the World Bank, property growth could radiate from its present concentration in downtown\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17890,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/huge-luxury-developments-to-change-yangons-riverside-skyline-forever\/","url_meta":{"origin":27273,"position":4},"title":"Huge luxury developments to change Yangon\u2019s riverside skyline forever","date":"June 28, 2016","format":false,"excerpt":"\r Several high-rises have been announced in Yangon, providing stark contrast to neighbouring slums Yangon riverside (Image credit: TripAdvisor) Hlaing Tharyar is the largest of the townships in the Burmese capital of Yangon. It also has the singular cachet of having Myanmar\u2019s largest squatter area. This poverty stricken area is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28781,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/illegal-foreign-owned-property-in-yangon-must-cease-says-mp\/","url_meta":{"origin":27273,"position":5},"title":"Illegal foreign-owned property in Yangon must cease, says MP","date":"October 6, 2016","format":false,"excerpt":"\r Myanmar\u00a0government official rails against foreign real estate\u00a0investors Yangon\u2019s downtown business district. Sean Pavone\/Shutterstock There are now \u201cover a hundred\u201d real estate businesses owned by foreigners in the Yangon Region of Myanmar this year and they are blatantly breaking the law, according to MP Win Maung of Hlaingthaya Township. \u201cSince\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/27273"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=27273"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/27273\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=27273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=27273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=27273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}