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Sunday, March 27, 2016

Myanmar Condominium Law 2014 (Foreign Ownership)

Buyers Remain Cautious as Condominium Law Approved By Parliament


JANUARY 28, 2016 BY 

Burma’s outgoing Union Parliament on Friday approved a new Condominium Law, clarifying some property regulations and making 40 percent of units available for foreign purchase.
Three years in the making, the law is expected to breathe new life into a stagnating real estate market, though industry professionals predict foreign investors still await more reform.
Under the new law, foreigners will be able to buy units on the sixth floor or higher, but are not allowed to manage properties. Buyers will acquire shared ownership of the land on which the condos are built, viewed as an improvement over previous property laws favoring landowners over apartment owners.
The law also outlines criteria for condominiums, detailing the number of floors, units, parking places, facilities and security required. Condominiums must be more than ix stories high with a footprint of at least 20,000 square feet.
Lower House lawmaker Khine Maung Yi, of the National Democratic Force party, told The Irrawaddy on Monday that the bill had been passed by both houses and that “details will be announced after the President [Thein Sein] approves it.”
Real estate professionals expect to see an uptick in sales, especially in the commercial capital Rangoon, where supply has exceeded demand amid a construction boom in recent years. The property market has also slowed since 2014 due to skyrocketing prices and concerns over political stability.
“There are many condos waiting to be sold in Rangoon, but the market has cooled down as many investors take a ‘wait and see’ approach to the country’s political situation and laws,” said Than Oo, vice chairman of the Myanmar Real Estate Association.
“But now I expect many developers will be happy, as foreign investors will come,” he added.
Some investors still remain cautious because of Burma’s as-yet incomplete tax reform agenda, according to Zin Min Swe, managing director of Mandalay-based CAD Construction. A number of lawmakers have proposed raising property and sales taxes, and enforcement is expected to become more stringent in the years to come.
“I am concerned that the government will try to control the property market with the tax laws; they will reassess the property taxes for these buyers,” Zin Min Swe said, explaining that until investors see a clear and fair tax policy, they are unlikely to rush in and buy residential properties.
In addition to vague and likely impermanent tax laws, investors want to see a number of other refinements to related policies.
Tony Picon, managing director of the US-based real estate firm Colliers International, said that buyers will be waiting for a clearer land titling system and changes to parking requirements, “which are hindering the condo sector.”
Source: The Irrawaddy

Condominium Law – Foreign investment in Myanmar

For those who follow our blogs, you will know that we have reported several times on the discussions relating to the proposed Condominium Law in Myanmar. This is the law that, if passed, will allow foreign ownership of land and property. There has been a lot of debate, pressure and hope that the law will soon be passed. In the last few days, revised drafts were reviewed again in the assemblies in Myanmar. 
First, we should add some detail on the assemblies and why this law was introduced. The Assembly of the Union Pyidaungsu Hluttaw is the national-level bicameral legislature of Myanmar, The Republic of the Union of Myanmar. The Pyidaungsu Hluttaw has two assemblies, the Amyotha Hluttaw, the House of Nationalities with 224 seats and the Pyithu Hluttaw, the House of Representatives with 440 seats (a bicameral legislature is one with two separate assemblies, chambers or houses). 
The draft Condominium Law bill was first introduced in November 2012 with proposals to allow foreigners to own condominium apartments if they were on the 6th floor or above. Now this November the Pyidaungsu Hluttaw Joint Bill Committee published their report on further proposed changes for the Condominium Law. Many had expected the amendments to be accepted in 2013.
However, on two separate occasions earlier this year, the committee has made recommendations for the proposed law to be amended. Clearly, if adopted, any changes would be a strong incentive for foreign investors to invest in Myanmar (there are reports that many have already invested via local contacts and nominees). 
The latest report from the committee now states further new proposals and definitions. An apartment is now considered “a place for living or using for other means under the approval of the executive committee”. The version proposed by the Pyithu Hluttaw being “a place for living or doing business”.
The report supports the view of the Pyithu Hluttaw in that land beneath a condominium is seen to be collective at the discretion of the landowner. The view of the Amyotha Hluttaw stated it should be split among apartment owners only with government approval.
The committee clarified the definition of a condominium as “a high-rise residential building on more than 1 acre of land”. 
So the main issue remains as to foreigners and their right to own property. However, this debate is now focussing on the percentage of ownership. The Pyithu Hluttaw says not more than 50 percent of units from the sixth floor and above of a condominium should be available for foreign purchasers. The Amyotha Hluttaw says no more than 40 percent. 
The definition of a “foreigner” has been tightened as the committee has recommended these words. “Foreigners include those who are allowed to stay by foreign embassy organisations, other organisations and persons that have diplomatic relations with the country; companies or organisations that have signed contracts with the country for joint venture business; or companies or other organisations involved in investment”.
The clause of the Amyotha Hluttaw that allows developers to sell apartments off-plan was removed by the Pyithu Hluttaw but reinstated by the committee. 
So, you can see changes are certainly in the frame, subtle but important changes taking place. 
This report on events is part of the overall service to clients by FocusCore in Myanmar. Not only to provide you with company support services, but also to advise and help you with local developments and national changes. 
Contact us now to hear how your plans can be affected. We can help you with our local information and services so you can fast track your investments in Myanmar with compliance and efficiency.
Ref:http://myanmarcs.focuscoregroup.com/condominium-law-foreign-investment-in-myanmar-proposed-amendments/

Startup key combinations for Mac!

Some Mac features are available by holding down certain keys during startup. 



Press and hold the keys immediately after you turn on your Mac and hear the startup sound. Keep holding until the described behavior occurs. These combinations work with Intel-based Mac computers
Hold during startupDescription
Shift ⇧Start up in Safe Mode.
Option ⌥Start up to Startup Manager.
CStart up from a bootable CD, DVD, or USB thumb drive (such as OS X install media).
DStart up to either Apple Hardware Test or Apple Diagnostics, depending on which Mac you're using.
Option-DStart up to either Apple Hardware Test or Apple Diagnostics over the Internet.
NStart up from a compatible NetBoot server.
Option-NStart up from a NetBoot server using the default boot image.
Command (⌘)-RStart up from OS X Recovery
Command-Option-RStart up from OS X Recovery over the Internet.
Command-Option-P-RReset NVRAM. Release the keys after you hear the startup sound again.
Command-SStart up in single-user mode.
TStart up in target disk mode.
XStart up from an OS X startup volume when the Mac would otherwise start up from a non-OS X startup volume.
Command-VStart up in verbose mode.
Eject (⏏), F12, mouse button, or trackpad buttonEject removable media, such as an optical disc.
Other Mac keyboard shortcuts are available after your Mac has started up.

Mac keyboard shortcuts

By pressing a combination of keys, you can do things that normally need a mouse, trackpad, or other input device.


To use a keyboard shortcut, hold down one or more modifier keys while pressing the last key of the shortcut. For example, to use the shortcut Command-C (copy), hold down Command, press C, then release both keys. Mac menus and keyboards often use symbols for certain keys, including the modifier keys:
  • Command ⌘
  • Shift ⇧
  • Option ⌥
  • Control ⌃
  • Caps Lock ⇪
  • Fn

If you're using a keyboard made for Windows PCs, use the Alt key instead of Option, and the Windows logo key instead of Command. Some Mac keyboards and shortcuts use special keys in the top row, which include icons for volume, display brightness, and other functions. Press the icon key to perform that function, or combine it with the Fn key to use it as an F1, F2, F3, or other standard function key. 

To learn more shortcuts, check the menus of the app you're using. Every app can have its own shortcuts, and shortcuts that work in one app may not work in another. 

Cut, copy, paste, and other common shortcuts

          Shortcut          Description
Commnd-XCut: Remove the selected item and copy it to the Clipboard.
Command-CCopy the selected item to the Clipboard. This also works for files in the Finder.
Command-VPaste the contents of the Clipboard into the current document or app. This also works for files in the Finder.
Command-ZUndo the previous command. You can then press Command-Shift-Z to Redo, reversing the undo command. In some apps, you can undo and redo multiple commands.
Command-ASelect All items. 
Command-FFind: Open a Find window, or find items in a document.
Command-GFind Again: Find the next occurrence of the item previously found. To find the previous occurrence, press Command-Shift-G.
Command-HHide the windows of the front app. To view the front app but hide all other apps, press Command-Option-H.
Command-MMinimize the front window to the Dock. To minimize all windows of the front app, press Command-Option-M.
Command-NNew: Open an new document or window.
Command-OOpen the selected item, or open a dialog to select a file to open.
Command-PPrint the current document.
Command-SSave the current document.
Command-WClose the front window. To close all windows of the app, press Command-Option-W.
Command-QQuit the app.
Command-Option-EscForce Quit: Choose an app to force quit. Or press Command-Shift-Option-Esc and hold for 3 seconds to force just the front app to quit.
Command–Space barSpotlight: Show or hide the Spotlight search field. To perform a Spotlight search from a Finder window, press Command–Option–Space bar.
Space barQuick Look: Use Quick Look to preview the selected item.
Command-TabSwitch apps: Switch to the next most recently used app among your open apps. 
Command-Shift-Tilde (~)Switch windows: Switch to the next most recently used window of the front app. 
Command-Shift-3Screenshot: Take a screenshot of the entire screen. Learn more screenshot shortcuts.
Command-Comma (,)Preferences: Open preferences for the front app.

Sleep, log out, and shut down shortcuts

               Shortcut              Description
Power buttonTap to turn on your Mac or wake your Mac from sleep.  
Hold for 1.5 seconds while your Mac is awake to display a dialog asking if you want to restart, sleep, or shut down.
Hold for 5 seconds to force your Mac to turn off.
Command–Control–Power buttonForce your Mac to restart.
Command–Option–Power buttonPut your Mac to sleep.
Shift–Control–Power buttonPut your displays to sleep.
Command–Control–Power buttonQuit all apps, then restart your Mac. If any open documents have unsaved changes, you'll be asked whether you want to save them.
Command–Option–Control–Power buttonQuit all apps, then shut down your Mac. If any open documents have unsaved changes, you'll be asked whether you want to save them.
Command-Shift-QLog out of your OS X user account. You'll be asked to confirm.
Command-Shift-Option-QLog out of your OS X user account immediately, without being asked to confirm.

Document shortcuts

               Shortcut              Description
Command-BBoldface the selected text, or turn boldfacing on or off. 
Command-IItalicize the selected text, or turn italics on or off.
Command-UUnderline the selected text, or turn underlining on or off.
Command-TShow or hide the Fonts window.
Command-DSelect the Desktop folder from within an Open dialog or Save dialog.
Command-Control-DShow or hide the definition of the selected word.
Command-Shift-Colon (:)Display the Spelling and Grammar window.
Command-Semicolon (;)Find misspelled words in the document.
Option-DeleteDelete the word to the left of the insertion point.
Control-HDelete the character to the left of the insertion point. Or use Delete.
Control-DDelete the character to the right of the insertion point. Or use Fn-Delete.
Fn-DeleteForward delete on keyboards that don't have a Forward Delete   key. Or use Control-D.
Control-KDelete the text between the insertion point and the end of the line or paragraph.
Command-DeleteSelect Delete or Don't Save in a dialog that contains a Delete or Don't Save button.
Fn–Up ArrowPage Up: Scroll up one page. 
Fn–Down ArrowPage Down: Scroll down one page.
Fn–Left ArrowHome: Scroll to the beginning of a document.
Fn–Right ArrowEnd: Scroll to the end of a document.
Command–Up ArrowMove the insertion point to the beginning of the document.
Command–Down ArrowMove the insertion point to the end of the document.
Command–Left ArrowMove the insertion point to the beginning of the current line.
Command–Right ArrowMove the insertion point to the end of the current line.
Option–Left ArrowMove the insertion point to the beginning of the previous word.
Option–Right ArrowMove the insertion point to the end of the next word.
Command–Shift–Up ArrowSelect the text between the insertion point and the beginning of the document.
Command–Shift–Down ArrowSelect the text between the insertion point and the end of the document.
Command–Shift–Left ArrowSelect the text between the insertion point and the beginning of the current line.
Command–Shift–Right ArrowSelect the text between the insertion point and the end of the current line.
Shift–Up ArrowExtend text selection to the nearest character at the same horizontal location on the line above.
Shift–Down ArrowExtend text selection to the nearest character at the same horizontal location on the line below.
Shift–Left ArrowExtend text selection one character to the left.
Shift–Right ArrowExtend text selection one character to the right.
Shift–Option–Up ArrowExtend text selection to the beginning of the current paragraph, then to the beginning of the following paragraph if pressed again.
Shift–Option–Down ArrowExtend text selection to the end of the current paragraph, then to the end of the following paragraph if pressed again.
Shift–Option–Left ArrowExtend text selection to the beginning of the current word, then to the beginning of the following word if pressed again.
Shift–Option–Right ArrowExtend text selection to the end of the current word, then to the end of the following word if pressed again.
Control-AMove to the beginning of the line or paragraph.
Control-EMove to the end of a line or paragraph.
Control-FMove one character forward.
Control-BMove one character backward.
Control-LCenter the cursor or selection in the visible area.
Control-PMove up one line.
Control-NMove down one line.
Control-OInsert a new line after the insertion point.
Control-TSwap the character behind the insertion point with the character in front of the insertion point.
Command–Left Curly Bracket ({)Left align.
Command–Right Curly Bracket (})Right align.
Command–Shift–Vertical bar (|)Center align.
Command-Option-FGo to the search field. 
Command-Option-TShow or hide a toolbar in the app.
Command-Option-CCopy Style: Copy the formatting settings of the selected item to the Clipboard.
Command-Option-VPaste Style: Apply the copied style to the selected item.
Command-Shift-Option-VPaste and Match Style: Apply the style of the surrounding content to the item pasted within that content.
Command-Option-IShow or hide the inspector window.
Command-Shift-PPage setup: Display a window for selecting document settings.
Command-Shift-SDisplay the Save As dialog, or duplicate the current document.
Command–Shift–
Minus sign (-)    
Decrease the size of the selected item.
Command–Shift–
Plus sign (+)
Increase the size of the selected item. Command–Equal sign (=) performs the same function.
Command–Shift–
Question mark (?)
Open the Help menu.

Finder shortcuts

          Shortcut          Description
Command-DDuplicate the selected files.
Command-EEject the selected disk or volume.
Command-FStart a Spotlight search in the Finder window.
Command-IShow the Get Info window for a selected file.
Command-Shift-COpen the Computer window.
Command-Shift-DOpen the desktop folder.
Command-Shift-FOpen the All My Files window.
Command-Shift-GOpen a Go to Folder window.
Command-Shift-HOpen the Home folder of the current OS X user account.
Command-Shift-IOpen iCloud Drive.
Command-Shift-KOpen the Network window.
Command-Shift-LOpen the Downloads folder.
Command-Shift-OOpen the Documents folder.
Command-Shift-ROpen the AirDrop window.
Command-Shift-UOpen the Utilities folder.
Command-Option-DShow or hide the Dock. This often works even when you're not in the Finder.
Command-Control-TAdd the selected item to the sidebar (OS X Mavericks or later).
Command-Option-PHide or show the path bar in Finder windows.
Command-Option-SHide or show the Sidebar in Finder windows.
Command–Slash (/)Hide or show the status bar in Finder windows.
Command-JShow View Options.
Command-KOpen the Connect to Server window.
Command-LMake an alias of the selected item.
Command-NOpen a new Finder window.
Command-Shift-NCreate a new folder.
Command-Option-NCreate a new Smart Folder.
Command-RShow the original file for the selected alias.
Command-TShow or hide the tab bar when a single tab is open in the current Finder window.
Command-Shift-TShow or hide a Finder tab.
Command-Option-TShow or hide the toolbar when a single tab is open in the current Finder window.
Command-Option-VMove: Move the files in the Clipboard from their original location to the current location.
Command-Option-YView a Quick Look slideshow of the selected files.
Command-YUse Quick Look to preview the selected files.
Command-1View the items in the Finder window as icons.
Command-2View the items in a Finder window as a list.
Command-3View the items in a Finder window in columns. 
Command-4View the items in a Finder window with Cover Flow.
Command–Left Bracket ([)Go to the previous folder.
Command–Right Bracket (])Go to the next folder.
Command–Up ArrowOpen the folder that contains the current folder.
Command–Control–Up ArrowOpen the folder that contains the current folder in a new window.
Command–Down ArrowOpen the selected item.
Command–Mission ControlShow the desktop. This works even when you're not in the Finder.
Command–Brightness UpTurn Target Display Mode on or off.
Command–Brightness DownTurn display mirroring on or off when your Mac is connected to more than one display.
Right Arrow Open the selected folder. This works only when in list view.
Left ArrowClose the selected folder. This works only when in list view.
Option–double-clickOpen a folder in a separate window and close the current window.
Command–double-clickOpen a folder in a separate tab or window.
Command-DeleteMove the selected item to the Trash.
Command-Shift-DeleteEmpty the Trash.
Command-Shift-Option-DeleteEmpty the Trash without confirmation dialog.
Command-YUse Quick Look to preview the files.
Option–Brightness UpOpen Displays preferences. This works with either Brightness key.
Option–Mission ControlOpen Mission Control preferences.
Option–Volume UpOpen Sound preferences. This works with any of the volume keys.
Command key while draggingMove the dragged item to another volume or location. The pointer changes while you drag the item.
Option key while draggingCopy the dragged item. The pointer changes while you drag the item.
Command-Option while draggingMake an alias of the dragged item. The pointer changes while you drag the item.
Option-click a disclosure triangleOpen all folders within the selected folder. This works only when in list view.
Command-click a window titleSee the folders that contain the current folder.

Other shortcuts

Learn more

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