The Monetary Authority of Singapore has introduced strong measures to dampen “euphoria” in the property market.
Myanmar has a notoriously low residential property taxes rate, accounting for just 7.5% of GDP, compared to the 13-14% its neighbours, Laos and Cambodia pay.
Property companies such as City Developments and UOL Group Ltd. are among the top performers in Singapore in 2017, with developers collectively on track for their best annual performance in five years.
Ayala Land is investing three billion pesos (58 million dollars) building five dormitories on four sites in the Makati and Taguig business districts.
Despite government rules restricting the likes of Airbnb operating in Singapore, there are signs that home-sharing has become more prolific in the city state.
Analysts at BNP Paribas and Morgan Stanley are among those forecasting that prices will rebound after officials in March boosted sentiment by loosening some curbs.