Damaz6052 Posted May 23, 2008 Share Posted May 23, 2008 (edited) Does anyone know of or have experience in buying property in Burma? Thanks LM Edited May 23, 2008 by Damaz6052 Link to comment Share on other sites More sharing options...
MrIrrisistable Posted May 23, 2008 Share Posted May 23, 2008 Are you American ? 1 Link to comment Share on other sites More sharing options...
jumnien Posted May 23, 2008 Share Posted May 23, 2008 Do you mean Myanmar? Link to comment Share on other sites More sharing options...
lannarebirth Posted May 23, 2008 Share Posted May 23, 2008 My gardener has some for sale, but he says it is the buyers responsibility to remove the tenant that's been squatting on his land for the past 45 years. Link to comment Share on other sites More sharing options...
MrIrrisistable Posted May 23, 2008 Share Posted May 23, 2008 Chuwits available for consultations apparently. Link to comment Share on other sites More sharing options...
Nampeung Posted May 24, 2008 Share Posted May 24, 2008 This has to be a joke right??? Link to comment Share on other sites More sharing options...
dr_Pat_Pong Posted May 24, 2008 Share Posted May 24, 2008 This has to be a joke right??? I reckon you are right on the money. Link to comment Share on other sites More sharing options...
duchovny Posted May 24, 2008 Share Posted May 24, 2008 I'm not sure about land in Burma but if you're looking for a good bargain I am selling the Sydney Harbour Bridge. Personally I think it would be a better buy than land in Burma. The Bridge was built in 1932 but has been constantly maintained and painted, and is still in good shape. PM me for the purchase price. (As for payment, I only accept a bank transfer to my bank account at the National Bank of Nigeria) 1 Link to comment Share on other sites More sharing options...
hanibal7 Posted May 24, 2008 Share Posted May 24, 2008 i have plenty of land in burma and its ready to be sold now due to unforeseen problems.comes complete with some bows and arrows too. johny rambo 1 Link to comment Share on other sites More sharing options...
Prakanong Posted May 24, 2008 Share Posted May 24, 2008 Maybe its a joke post but The junta might not last for ever and you might get a bargain My best pal at work is from Burma and has a large place there he pay's a family to live - I might ask him out of interest. Look at Cambodai - prices have shot up in the capital and if you said 10 years ago to buy there you would have been laughed at 1 Link to comment Share on other sites More sharing options...
Naam Posted May 24, 2008 Share Posted May 24, 2008 Does anyone know of or have experience in buying property in Burma? about 10 years i enquired about property in Burma/Myanmar. no way for foreigners, and no change until this very day. Link to comment Share on other sites More sharing options...
Heng Posted May 24, 2008 Share Posted May 24, 2008 You know what they say, *never invest more in Burma than you can walk away from.* Link to comment Share on other sites More sharing options...
zorro1 Posted May 24, 2008 Share Posted May 24, 2008 You know what they say, *never invest more in Burma than you can walk away from.* Oh no ! your gonna draw all the anti property investment brigade to this thread, but for once they may be right Link to comment Share on other sites More sharing options...
Heng Posted May 24, 2008 Share Posted May 24, 2008 How would I go about setting up a Burmese company to own my property or at least setup a 30 + 30 lease? Do they have tapwater over there? Link to comment Share on other sites More sharing options...
richardb Posted May 24, 2008 Share Posted May 24, 2008 Do not know the OP but why do people think its a joke? My ex was burmese and I still visit her family and kid and they asked me not long ago if I could buy their house for them. In am sure I am not the only one on this board with a Burmese connection . Anyway if anyone has any info i would be interested. Richard Link to comment Share on other sites More sharing options...
brahmburgers Posted May 24, 2008 Share Posted May 24, 2008 I know this is off-topic, but to show the ridiculousness of Burmese authority's paranoia: a Burmese woman cannot legally marry a foreigner. as for land, why not arrange to rent or lease? Link to comment Share on other sites More sharing options...
wayfarer108 Posted May 24, 2008 Share Posted May 24, 2008 I know this is off-topic, but to show the ridiculousness of Burmese authority's paranoia: a Burmese woman cannot legally marry a foreigner.as for land, why not arrange to rent or lease? I have a couple of friends living in Yangon and married to local women. I guess someone forgot to tell them I think it's the same as in Laos, you need advance permission from the government. As for land ownership, believe it's the same as in Thailand, ie, leases are available, or you can form a corporation or use a Burmese partner. Link to comment Share on other sites More sharing options...
Naam Posted May 24, 2008 Share Posted May 24, 2008 as for land, why not arrange to rent or lease? and then? looking at the land using Google Earth? Link to comment Share on other sites More sharing options...
Nampeung Posted May 24, 2008 Share Posted May 24, 2008 God some people are heartless. Has the OP and various others (RichardB) been living on the moon??? Unbelievable Link to comment Share on other sites More sharing options...
MrIrrisistable Posted May 25, 2008 Share Posted May 25, 2008 I'm not sure about land in Burma but if you're looking for a good bargain I am selling the Sydney Harbour Bridge. Personally I think it would be a better buy than land in Burma. The Bridge was built in 1932 but has been constantly maintained and painted, and is still in good shape. PM me for the purchase price. (As for payment, I only accept a bank transfer to my bank account at the National Bank of Nigeria) How original. Heng...plenty of taps in the water I believe. Link to comment Share on other sites More sharing options...
bangkapiboy Posted May 25, 2008 Share Posted May 25, 2008 I read an article somewhere that the city is really changing in Myanmar, because the Chinese have moved into the city and are buying up the central areas. Chinese businesses everywhere. Prices have shot up, locals have sold for profit and moved toward the city outer areas. Certainly someone could make some serious money there. I think being Chinese can help. Link to comment Share on other sites More sharing options...
Heng Posted May 25, 2008 Share Posted May 25, 2008 I read an article somewhere that the city is really changing in Myanmar, because the Chinese have moved into the city and are buying up the central areas. Chinese businesses everywhere. Prices have shot up, locals have sold for profit and moved toward the city outer areas. Certainly someone could make some serious money there. I think being Chinese can help. Woo-hoo! Link to comment Share on other sites More sharing options...
shochu Posted May 25, 2008 Share Posted May 25, 2008 Not just the chinese. Other nationals have also bought and are doing business there. Link to comment Share on other sites More sharing options...
richardb Posted May 25, 2008 Share Posted May 25, 2008 God some people are heartless. Has the OP and various others (RichardB) been living on the moon??? Unbelievable What !!! I think we are all talking about taking care of our Burmese friends and family and incidently having a little retreat in the Shan Hills maybe . Richard Link to comment Share on other sites More sharing options...
aesthete Posted May 26, 2008 Share Posted May 26, 2008 I have some knowledge of this subject. Foreigners are absolutely prohibited to own any property, be it land or condo, in Burma. The loophole of setting up a Company, and buying the poperty in that Company's name, is very problematic and could lead to more problems than it sets out to solve. Foreigners that HAVE purchased property in Burma (and there are a few) use a Burmese law called 'General Power' which at least gives them control over the property in their lifetime, but possibly not after that. Most simply buy in their wife's name and hope for the best! As a poster above has stated, there has been a real estate boom in Burma, particularly in Rangoon and Mandalay, the former fuelled by a more prosperous middle class (generally with some Government connections), the latter with Chinese money. Real estate prices are very cheap even by Thai standards. A reasonable 'walk-up' apartment can be bought downtown for as little as $12,000, whilst even a new development comparable with those in Thailand will be around $80,000 for a 1600sqft condo with quite some luxury and in a prime area. Apart from those with Burmese wives/girlfriends who need to buy for practical purposes, the real estate market is in many ways a gamble on a future democracry. If and it is a big IF there were to be some future political change whether in 5 or 20 years, the market will explode. If you are serious about such a purchase I would suggest you get yourself a REPUTABLE local lawyer, failing which possibly I can find one for you. 1 Link to comment Share on other sites More sharing options...
Wanderinawe Posted May 26, 2008 Share Posted May 26, 2008 I know this is off-topic, but to show the ridiculousness of Burmese authority's paranoia: a Burmese woman cannot legally marry a foreigner.as for land, why not arrange to rent or lease? I have a couple of friends living in Yangon and married to local women. I guess someone forgot to tell them I think it's the same as in Laos, you need advance permission from the government. As for land ownership, believe it's the same as in Thailand, ie, leases are available, or you can form a corporation or use a Burmese partner. Actually, it is illegal for a Burmese woman to have sex with a foreigner. So... the marriage... Link to comment Share on other sites More sharing options...
Nampeung Posted May 27, 2008 Share Posted May 27, 2008 RichardB and the OP are obviously total idiots who don't realise what is happening in Burma at the moment... give me a sick bag Link to comment Share on other sites More sharing options...
MrIrrisistable Posted May 27, 2008 Share Posted May 27, 2008 Nampueng....with such a delicate stomach you should not get out of bed in the mornings. Life goes on. 1 Link to comment Share on other sites More sharing options...
Fletcher Posted May 27, 2008 Share Posted May 27, 2008 There is one development in Yangon where foreigners CAN buy land / condo's (on a leasehold). The Pun Hlaing Golf Estate. Land prices are very reasonable and the infrastructure is exceptional. For a medium term investment, if you can afford to tie up the money for a few years, is excellent. I would have done so myself - but my business got nationalised ! Apart from that you would have to buy in a Myanmar nationals name. The idea of setting up a company to buy land is also not possible - as at present it is extremely difficult to get a foreign company registered, and wouldn't be possible for the purposes of buying land. Also, a local company is defined as a company owned 100% by locals so no different to having the property registered in a nationals name. If you want more info send me a mail, I've got about 10 years experience of 'trying' to do business here! Cheers Link to comment Share on other sites More sharing options...
Damaz6052 Posted May 28, 2008 Author Share Posted May 28, 2008 Thanks aesthete & Fletcher yes this is a genuine question. I've always liked Burma and it's people it would make a great investment maybe not now but differently in the future. Sunbelt have a couple of businesses for sale in Burma. Fletcher any chance you could add your advice to this post. Regards Link to comment Share on other sites More sharing options...
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