IN the Yangon property market, high-rise apartment sales have been slow, according to real estate agents.
After the quake struck on 28 March, Yangon residents became anxious about living in high-rise buildings, leading to a trade of flats.
“People dared not live in high-rise buildings after the earthquake, which affected the property market to some extent, especially the transaction of high-rise apartments has now slowed,” said an official from the Myanmar Real Estate Services Association (central).
Buyers’ interest has now turned to a cosy living style recently.
“Recently, people have been more interested in land plots, rather than high-rise buildings. But it also depends on location. People who need to live in downtown may think of another option, but most people may consider living in a comfortable home in the countryside,” he added.
Thit Taw/ZS
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