Myanmar Condominium Law 2014 (Foreign Ownership)

Buyers Remain Cautious as Condominium Law Approved By Parliament

JANUARY 28, 2016 BY THIHA

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

Draft Condo Law 2May2014

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/

Myanmar Draft Condominium Law

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 startup	Description
Shift ⇧	Start up in Safe Mode.
Option ⌥	Start up to Startup Manager.
C	Start up from a bootable CD, DVD, or USB thumb drive (such as OS X install media).
D	Start up to either Apple Hardware Test or Apple Diagnostics, depending on which Mac you're using.
Option-D	Start up to either Apple Hardware Test or Apple Diagnostics over the Internet.
N	Start up from a compatible NetBoot server.
Option-N	Start up from a NetBoot server using the default boot image.
Command (⌘)-R	Start up from OS X Recovery.
Command-Option-R	Start up from OS X Recovery over the Internet.
Command-Option-P-R	Reset NVRAM. Release the keys after you hear the startup sound again.
Command-S	Start up in single-user mode.
T	Start up in target disk mode.
X	Start up from an OS X startup volume when the Mac would otherwise start up from a non-OS X startup volume.
Command-V	Start up in verbose mode.
Eject (⏏), F12, mouse button, or trackpad button	Eject 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-X	Cut: Remove the selected item and copy it to the Clipboard.
Command-C	Copy the selected item to the Clipboard. This also works for files in the Finder.
Command-V	Paste the contents of the Clipboard into the current document or app. This also works for files in the Finder.
Command-Z	Undo 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-A	Select All items.
Command-F	Find: Open a Find window, or find items in a document.
Command-G	Find Again: Find the next occurrence of the item previously found. To find the previous occurrence, press Command-Shift-G.
Command-H	Hide the windows of the front app. To view the front app but hide all other apps, press Command-Option-H.
Command-M	Minimize the front window to the Dock. To minimize all windows of the front app, press Command-Option-M.
Command-N	New: Open an new document or window.
Command-O	Open the selected item, or open a dialog to select a file to open.
Command-P	Print the current document.
Command-S	Save the current document.
Command-W	Close the front window. To close all windows of the app, press Command-Option-W.
Command-Q	Quit the app.
Command-Option-Esc	Force 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 bar	Spotlight: Show or hide the Spotlight search field. To perform a Spotlight search from a Finder window, press Command–Option–Space bar.
Space bar	Quick Look: Use Quick Look to preview the selected item.
Command-Tab	Switch 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-3	Screenshot: 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 button	Tap 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 button	Force your Mac to restart.
Command–Option–Power button	Put your Mac to sleep.
Shift–Control–Power button	Put your displays to sleep.
Command–Control–Power button	Quit 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 button	Quit 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-Q	Log out of your OS X user account. You'll be asked to confirm.
Command-Shift-Option-Q	Log out of your OS X user account immediately, without being asked to confirm.

Document shortcuts

Shortcut	Description
Command-B	Boldface the selected text, or turn boldfacing on or off.
Command-I	Italicize the selected text, or turn italics on or off.
Command-U	Underline the selected text, or turn underlining on or off.
Command-T	Show or hide the Fonts window.
Command-D	Select the Desktop folder from within an Open dialog or Save dialog.
Command-Control-D	Show 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-Delete	Delete the word to the left of the insertion point.
Control-H	Delete the character to the left of the insertion point. Or use Delete.
Control-D	Delete the character to the right of the insertion point. Or use Fn-Delete.
Fn-Delete	Forward delete on keyboards that don't have a Forward Delete  key. Or use Control-D.
Control-K	Delete the text between the insertion point and the end of the line or paragraph.
Command-Delete	Select Delete or Don't Save in a dialog that contains a Delete or Don't Save button.
Fn–Up Arrow	Page Up: Scroll up one page.
Fn–Down Arrow	Page Down: Scroll down one page.
Fn–Left Arrow	Home: Scroll to the beginning of a document.
Fn–Right Arrow	End: Scroll to the end of a document.
Command–Up Arrow	Move the insertion point to the beginning of the document.
Command–Down Arrow	Move the insertion point to the end of the document.
Command–Left Arrow	Move the insertion point to the beginning of the current line.
Command–Right Arrow	Move the insertion point to the end of the current line.
Option–Left Arrow	Move the insertion point to the beginning of the previous word.
Option–Right Arrow	Move the insertion point to the end of the next word.
Command–Shift–Up Arrow	Select the text between the insertion point and the beginning of the document.
Command–Shift–Down Arrow	Select the text between the insertion point and the end of the document.
Command–Shift–Left Arrow	Select the text between the insertion point and the beginning of the current line.
Command–Shift–Right Arrow	Select the text between the insertion point and the end of the current line.
Shift–Up Arrow	Extend text selection to the nearest character at the same horizontal location on the line above.
Shift–Down Arrow	Extend text selection to the nearest character at the same horizontal location on the line below.
Shift–Left Arrow	Extend text selection one character to the left.
Shift–Right Arrow	Extend text selection one character to the right.
Shift–Option–Up Arrow	Extend text selection to the beginning of the current paragraph, then to the beginning of the following paragraph if pressed again.
Shift–Option–Down Arrow	Extend text selection to the end of the current paragraph, then to the end of the following paragraph if pressed again.
Shift–Option–Left Arrow	Extend text selection to the beginning of the current word, then to the beginning of the following word if pressed again.
Shift–Option–Right Arrow	Extend text selection to the end of the current word, then to the end of the following word if pressed again.
Control-A	Move to the beginning of the line or paragraph.
Control-E	Move to the end of a line or paragraph.
Control-F	Move one character forward.
Control-B	Move one character backward.
Control-L	Center the cursor or selection in the visible area.
Control-P	Move up one line.
Control-N	Move down one line.
Control-O	Insert a new line after the insertion point.
Control-T	Swap 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-F	Go to the search field.
Command-Option-T	Show or hide a toolbar in the app.
Command-Option-C	Copy Style: Copy the formatting settings of the selected item to the Clipboard.
Command-Option-V	Paste Style: Apply the copied style to the selected item.
Command-Shift-Option-V	Paste and Match Style: Apply the style of the surrounding content to the item pasted within that content.
Command-Option-I	Show or hide the inspector window.
Command-Shift-P	Page setup: Display a window for selecting document settings.
Command-Shift-S	Display 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-D	Duplicate the selected files.
Command-E	Eject the selected disk or volume.
Command-F	Start a Spotlight search in the Finder window.
Command-I	Show the Get Info window for a selected file.
Command-Shift-C	Open the Computer window.
Command-Shift-D	Open the desktop folder.
Command-Shift-F	Open the All My Files window.
Command-Shift-G	Open a Go to Folder window.
Command-Shift-H	Open the Home folder of the current OS X user account.
Command-Shift-I	Open iCloud Drive.
Command-Shift-K	Open the Network window.
Command-Shift-L	Open the Downloads folder.
Command-Shift-O	Open the Documents folder.
Command-Shift-R	Open the AirDrop window.
Command-Shift-U	Open the Utilities folder.
Command-Option-D	Show or hide the Dock. This often works even when you're not in the Finder.
Command-Control-T	Add the selected item to the sidebar (OS X Mavericks or later).
Command-Option-P	Hide or show the path bar in Finder windows.
Command-Option-S	Hide or show the Sidebar in Finder windows.
Command–Slash (/)	Hide or show the status bar in Finder windows.
Command-J	Show View Options.
Command-K	Open the Connect to Server window.
Command-L	Make an alias of the selected item.
Command-N	Open a new Finder window.
Command-Shift-N	Create a new folder.
Command-Option-N	Create a new Smart Folder.
Command-R	Show the original file for the selected alias.
Command-T	Show or hide the tab bar when a single tab is open in the current Finder window.
Command-Shift-T	Show or hide a Finder tab.
Command-Option-T	Show or hide the toolbar when a single tab is open in the current Finder window.
Command-Option-V	Move: Move the files in the Clipboard from their original location to the current location.
Command-Option-Y	View a Quick Look slideshow of the selected files.
Command-Y	Use Quick Look to preview the selected files.
Command-1	View the items in the Finder window as icons.
Command-2	View the items in a Finder window as a list.
Command-3	View the items in a Finder window in columns.
Command-4	View 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 Arrow	Open the folder that contains the current folder.
Command–Control–Up Arrow	Open the folder that contains the current folder in a new window.
Command–Down Arrow	Open the selected item.
Command–Mission Control	Show the desktop. This works even when you're not in the Finder.
Command–Brightness Up	Turn Target Display Mode on or off.
Command–Brightness Down	Turn 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 Arrow	Close the selected folder. This works only when in list view.
Option–double-click	Open a folder in a separate window and close the current window.
Command–double-click	Open a folder in a separate tab or window.
Command-Delete	Move the selected item to the Trash.
Command-Shift-Delete	Empty the Trash.
Command-Shift-Option-Delete	Empty the Trash without confirmation dialog.
Command-Y	Use Quick Look to preview the files.
Option–Brightness Up	Open Displays preferences. This works with either Brightness key.
Option–Mission Control	Open Mission Control preferences.
Option–Volume Up	Open Sound preferences. This works with any of the volume keys.
Command key while dragging	Move the dragged item to another volume or location. The pointer changes while you drag the item.
Option key while dragging	Copy the dragged item. The pointer changes while you drag the item.
Command-Option while dragging	Make an alias of the dragged item. The pointer changes while you drag the item.
Option-click a disclosure triangle	Open all folders within the selected folder. This works only when in list view.
Command-click a window title	See the folders that contain the current folder.

Other shortcuts

• Shortcuts you can use while your Mac is starting up
• Shortcuts for accessibility features 

Learn more

• Create your own shortcuts and resolve conflicts between shortcuts
• Type letters with accents
• Type symbols, dingbats, and other special characters
• Change the behavior of the function keys or the Caps Lock, Control, Option, and Command keys
• Use a spoken command for a keyboard shortcut

Last Modified: Apr 6, 2015