Property for sale in Naypyidaw

Myanmar adopted the market oriented economic system in the year 1988 after adopting the centralized planning economic system for more than two decades. Substantial stabilization and reform measures had been undertaken to be in line with the new economic system. The initial step taken towards a more liberalized economy is to allow foreign direct property for sale investment and to encourage the private sector development. In the area of legal framework one of the first laws on property for sale investment promulgated by the State Law and Order

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Restoration Council is the Union of Myanmar Foreign Investment Law (FIL), promulgated on 30th November 1988 to induce foreign property for sale investment and to boost investment particularly in the private sector.

Naypyidaw lies 3 kilometers west of Pyinmana and approximately 460 kilometers north of Yangon. According to Information Minister Kyaw Hsan, 924,608 people now live in the 7,000 square kilometres that has become Naypyidaw, in central Myanmar. The city is expected to be competed in a year, with all the buildings constructed, the green flourishing and road and rail links improved. The city is divided into three zones; one for the military, one for government administration, and one for residences.