Property for sale in Burma

1/ Capital: Naypyidaw

Is the capital of Burma. Naypyidaw means "Royal City", but is also translated as "abode of kings". The administrative capital of Burma was officially moved to a greenfield site 3 kilometers west of Pyinmana on 6 November 2005. Naypyidaw is approximately 320 kilometers north of Yangon.

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2/ Country: Burma

Is the largest country by geographical area in mainland Southeast Asia. The country is bordered by the People's Republic of China on the northeast, Laos on the east, Thailand on the southeast, Bangladesh on the west, India on the northwest, the Bay of Bengal to the southwest with the Gulf of Martaban and Andaman Sea defining its southern periphery.

3/ Property in Burma

The right to land, property and adequate housing are human rights established in several international conventions, resolutions and declarations adopted by different bodies of the United Nations. In Burma the military State remains in control of all land with citizens having no rights. A future democratic Burma will need to find ways to resolve the many conflicting claims on land, property, and housing including the return of great numbers of people displaced from their lands with their houses and property destroyed or confiscated.

Burma severely restricts many areas of its economy. Investment freedom, financial freedom, property rights, and freedom from corruption are weak. Foreign investment is approved on a case-by-case basis. Once permission is granted, the foreign investor needs a business license to trade, but no licenses have been issued since 2002. U.S. law prohibits new investment in Burma but permits continuation of investments existing before 1997. Private real property and intellectual property rights are not protected in Burma. Private and foreign companies are at a disadvantage in disputes with governmental and quasi-governmental organizations.

Private property owned by foreigners as a result of foreign investment is exempt from expropriation, but the property of Burma 's citizens still is subject to confiscation. Government corruption makes it difficult to seek legal protection for property

The environment in Burma will be favorable to foreign investment when property rights are respected, the rule of law is in place and rationality has returned to policy-making. In other words, the benefits from increased foreign investment will become available only after the SPDC is gone.