The first International Valuation Conference, “Role and Importance of Valuation in Myanmar – Today, Tomorrow and Future”, which was held at Rose Garden Hotel on June 18, 2019 was successfully accomplished. We do thank you all 160 participants who attended the conference yesterday. We appreciate your time and interest in our conference about valuation.Your presence helped to make this event a great success and your enthusiasm and positive spirit helped make our time together both productive and fun. We also would like to thank our speakers, Mr. Hiroyuki Isobe (Managing Director of Japan Valuers ( Japan Valuers －Myanmar Co., Ltd.)), Mr. Sim Hoy Chuang , Managing Director of Japan Valuers – Cambodia Co.,Ltd and Mr. Duong Pham (Executive Director of DCF Vietnam Corporation ) for insightful and informative presentations, Mr. Takashi Nakazawa (Senior Manager of Japan Valuers (Myanmar)) for coordination the panel discussion and Mr. Aung Kyaw (Mr. Aaron) for delivering opening remarks. We believe that our diverse and dynamic group of speakers and panelists provided in-depth insights during the conference. Moreover, we are honored to have our special guests attended by U Thant Sin Lwin (the Acting Director General of Directorate of Investment & Company Administration, Ministry of Planning and Finance), U Myint Naing (Deputy Director General of Department of Urban and Housing Development, Ministry of Construction) and U Khin Maung Than (President of Myanmar Real Estate Service Association and Chairman of ARENA). Last but not Least we thank our colleagues from Japan Valuers for supporting us for the conference.
Thank You All,
Japan Valuers (Myanmar)
For who would like to learn about the speeches presented at the conference, please download the links below.
Nyaung U Benchmark Price Release for Year 2018-2019 and Summary Notes
Nyaung U Benchmark Prices report for 2018-2019 financial year real-estate sector was released in June by Internal Revenue Department (IRD). Nyaung U is in Mandalay Region and it is located on the Eastern Ayerwaddy River Bank. Nyaung U is renowned for its Travel and Tourism and is the travel base to go around Bagan, an ancient capital city. The ancient city has more than 3500 surviving stupas, temples, monasteries, fortification and other monuments. Furthermore, the city was named UNESCO World Heritage Site on early July 2019 and thus Bagan expect its tourism activity to be increased in coming years. It covers 572.755 square miles and has a population of 0.25 million. Hotel industry is the most developed real estate sector in Nyaung U. Most of the populated areas are on the Ayerwaddy River bank and along the two Highways connecting Bagan, Myin Gyan and Kyauk Padaung. The land prices differ according to the zones rather in wards. The land prices facing the main roads are gone down by between 20% to 47% in 2018-2019 report. Second streets are gone down by nearly half of what it was while inner plot and lands only gone down around 40%. The highest land prices are on the main road of all the zones in Nyaung U ranging from 20,661 MMK to 34,435 MMK per square foot. The benchmark prices are referenced for the tax purpose only, the actual market prices could be relatively higher than the benchmark prices described in the report.
Please click the following links to learn the property benchmark prices for Nyaung U Township for 2018-2019.