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Luxe properties in Myanmar hit by confusion and flux
Published Thu, Mar 23, 2017 · 09:50 PM
Bangkok
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 efforts to woo investors.
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