If you’re considering buying a Condominium Apartment in Myanmar, there are several considerations you should think about before buying. What type of facilities and amenities do you like? What is the land title? Before making a purchase it’s best to talk to a professional. If you’d like to consult with one of our Agents, contact us.
Looking for the best condos for sale in Myanmar?
Are you looking to begin your journey and start searching for condos for sale? If so, there are a couple of things you should know before starting your next chapter. Are you a Myanmar citizen? Or a foreigner looking to buy within the country?
If you’re an foreigner, your choice of condos for sale will be limited to ones built on freehold land.
If you’re a Myanmar citizen then you won’t be restricted on the type of condominium you’d like to buy.
The first thing that needs to be done after finding the condominium apartment you’d like to buy is to check the owner has all the correct documents. After, go to the township Ya Wa Ta to confirm the landlord is in fact the owner.
Once all the correct paperwork is in order, it’s time to hire a lawyer. At this stage background checks and paperwork will be checked and confirmed to guarantee confidence and a seamless process.
Does car parking & backup generator come included in the sale?
Something you might expect when buying a condominium is the right to use the backup generator and the car parking facility.
However, this isn’t true. Several developers in the country, offer car parking and backup generator use at a premium when purchasing the property.
If you’re buying a resell condominium apartment, it’s very important to double check if the sale will include these facilities. If they, don’t you should check how much extra it’ll cost you to include these with your purchase.
Do I have to pay extra for access to amenities such as pool and gym?
Like the car parking and backup generator, some condominium developers request a monthly subscription to access the swimming pool and gym.
If you’re purchasing a resell, the seller might not give you the full information about what’s included in the sale. It’s always a good idea to contact the developers or speak with your real estate agent to find out if there’s any additional information you require before completing the purchase.
Is there a monthly fee for management services?
If you’re buying a condominium apartment, there is a high probability there will be a maintenance fee or management fee that’ll be due monthly after you purchase your property. Make sure to find out exactly how much this will be and where to pay!
Do I pay utility charges & how?
There are two different approaches condominium management will take when it comes to utility bills. They’ll either charge by the government amount per unit, or they’ll charge the apartments a higher fixed unit cost per month.
Once you’ve received the bill, you’ll usually be able to pay this at the management office inside the building or they’ll provide you with payment details to do so via mobile banking.
Can foreigners buy a condo in Myanmar?
Foreigners can buy condominium apartments in Myanmar. However, they’re limited to freehold land. Freehold land is by far the best investment option when looking to buy property, the
There are two different categories of condos for sale in Myanmar
You have the standard condominium which will include most facilities and amenities such as a backup generator, gym, and swimming pool, CCTV, 24-hour security guards and a designated parking space.
There is another category called mini condo.
These mini-condos are generally put into this category if they have a lift, but don’t have a 24-hour backup generator or other facilities such as a gym or pool.
Mini condos will sometimes also come with these facilities , but it’s not guaranteed. We make sure that every apartment we advertise comes with clear information about the amenities and features of each condominium apartment to ensure you’ll be able to make an informed decision on your next move.