Frequently Asked Questions

Here are the steps to buy a property:

1. Determine your budget and requirements
2. Search for properties that match your needs on Asia Land
3. Visit the property in person
4. Negotiate the price
5. Sign the contract and make payment
6. Complete the ownership transfer

Foreigners cannot own land in Myanmar. However, there are ways to invest in property:

• Purchase condominium units (foreigners can own up to 40% of units in high-rise buildings)
• Invest through a Myanmar company
• Long-term lease agreements

The property buying process typically takes 2 weeks to 2 months. The duration depends on:

• Completeness of documentation
• Bank loan processing (if applicable)
• Ownership verification

To rent a property, you will need:

• Copy of National ID
• Employment verification (if available)
• Security deposit (usually 2-3 months rent)
• Advance rent payment (1 month)

Yes, the security deposit is refundable at the end of the lease. However, deductions may be made for:

• Property damage repairs
• Outstanding utility bills
• Contract violation penalties

The minimum lease term in Myanmar is typically 1 year. However, shorter terms can be negotiated with the landlord. Short-term rentals may have higher rates.

To list your property on Asia Land:

1. Contact us through our contact page
2. Provide property details and photos
3. Our team will verify and publish your listing

Contact us for advertising rates and details.

The commission for selling property is typically 2% to 3% of the sale price. This commission is usually shared between the seller and buyer. Contact us for specific details.

Documents required to buy a property:

• National ID (original and copy)
• Household registration
• Grant/Ownership proof
• Tax clearance certificate
• Land map/Land history

Grant Land: Has official government-issued ownership documents. Easier to transfer and sell.

Ancestral Land: Land passed down through generations. May lack formal documentation, making transactions more complex.

Yes, most banks in Myanmar offer home loans. Requirements include:

• Proof of regular income
• Minimum 2 years employment
• Down payment of 20-30%
• Collateral (the property being purchased)

Interest rates vary by bank.

Home loan interest rates in Myanmar typically range from 13% to 16% per year. The rate depends on:

• Type of bank
• Loan term
• Loan amount
• Your credit rating