Real Estate Registration Certificates: Aiming to prevent money laundering cases

6 February 2023
2023-02-06 13:52

Nationally, real estate registration certificates will be issued during February. In doing so, the relevant township real estate registration teams have started issuing these certificates and currently, registration teams are being formed in regions and states, according to the Myanmar Real Property Development Association. 

Chairman, MRPDA (Nay Pyi Taw), Nanda Kyaw, said " A notification 1/2022 by the Land and valuable minerals trading supervisory authority of the General Administration Department has been issued that the real estate agents from various regions and states must be applied license. Firstly, the registration teams have already been formed in most of the regions and states in addition to Yangon, Mandalay and Nay Pyi Taw and there’re still places left for formation of the registration teams. Licenses will be issued as soon as possible after formation."

According to the notification 1/2022, licenses will be issued at the relevant offices of township general administration department in townships where registration groups have been formed. So, all real estate agents must register to prevent money laundering cases, it’s learnt.

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