TODAY

Myanmar saw over 1m tourists in first half of 2016

Some 1.69 million foreign visitors entered the country in the first six months of 2016, according to the Department of Hotels and Tourism. The department said the country’s tourism industry has seen a 4% increase compared with the same period last years.

Over 650,000 tourists visited the country in the first six months last year. Despite the monsoon season, the country still witnesses an increase in the tourist arrivals, said U Myo Win Nyunt, Direcitor of Hotel and Tourism Department.

The department’s statistics show that a majority of tourists visiting the country are from Thailand, followed by China and Japan.

Travel companies expect more tourists from Europe and Asia. Currently, 70 per cent of tourists visiting the country are from Thailand, China, South Korea, and Japan, while tourists from Europe accounted for 30 per cent.

Myanmar won the Best Destination Award presented by Lonely Planet in 2015, according to the Ministry.

Real estate expo aims to provide great opportunities for house hunters

OVER K2 billion worth of property are estimated to be sold during the next real-estate expo to be held in Mandalay, said U Nay Min Thu, managing director of iMyanmarhouse.com

After a market survey in Mandalay, the exhibition is planned to take place from 16 to 28 August at Mandalay’s City Hall.

The event will be organized by the iMyanmar House, an online property trading platform in partnership with Mandalay Region Construction Association, Real-Estate Agent Development Association and the Construction and Housing Development Bank.

Unfinished housing projects in Yangon, Mandalay as well as Taunggyi and Lashio in Shan State will be for sale during the three-day event. They will be sold through a one to 14 year installment program me.

Real-estate experts and agents will share their knowledge and experience on property through educative seminars during the event. For further information, visit www.iMyanmarhouse.com/expo or call 09 252 605 671 ~5

The current domestic property market is cooling in the wet season, U Nay Min Thu said.

Ref: GNLM, 12 August 2016