Experts call for stronger property laws in Myanmar

At the "Property Report Congress Myanmar 2016", developers and bankers urged the government to improve infrastructure and regulatory reforms.

Tony Picon, managing director of Colliers International Myanmar, said the country needed to control property prices and concentrate on affordable housing.

"An apartment worth US$30,000 [Bt1 million] in Thailand covers around 30 square metres, but at the same price in Myanmar it covers about 15 square metres. We have to look at the actual price that we can afford - whether it is 20, 30 or 40 thousand dollars - and that has to change," he said. (Courtesy of nationmultimedia.com)