Management Committee was formed to oversee the implantation of regulations under the Condominium Law 2016 and Condominium Rules 2017

The Ministry of Construction has announced the formation of a management committee to oversee the implementation of regulations under the Condominium Law 2016 and Condominium Rules 2017.

In the announcement on January 5, the ministry said the management committee will register new and existing property developments that meet the definitions of condominiums in the country and registration offices have been set up in 12 regions and states, including Nay Pyi Taw.

“So far, some 40 developers have come forward to register condominiums,” said U Myo Myint Oo general secretary of the Myanmar Construction Entrepreneurs Association and also member of the Yangon Region Condominium Management Committee.

“The committee was formed in early January and it has decided to give approvals to 13 condominium projects. It may take six months from its establishment for the management committee to hit its full stride, and things are starting to move fast,” U Myo Myint Oo said.

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