文档介绍：Changing faces of Chinatown’s property
By Myat Noe Oo   |   Sunday, 01 June 2014
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The property market in Yangon’s Chinatown is rapidly changing, as its streets e famous for late-night beer shops and a range of stores popular among foreign tourists, expats and Myanmar people alike.
Shops in Yangon’s Chinatown area in Latha township vend their wares. Photo: Zarni Phyo
The area to the southwest of Sule Pagoda in Latha township has been a centre of Myanmar’s munity since at least 1824, when the Guangdong Guanyin temple was known to be standing. Although later destroyed by fire, it was rebuilt by 1872 during the British colonial period.
While Chinatown, or Tayote Tan in Myanmar language, has seen many different changes over the last 200 years, it has taken on a new light in the nightlife circuit, as its beer shops and restaurants e popular hangouts for foreigners and locals.
“Chinatown is ing a tourist attraction,” said U Maung Aye, a central executive member of the Myanmar Real Estate Service Association.
“Lots have Chinese people have always lived there, but now a lot of foreigners have started renting here, partly because they cannot buy land,” he said.
“Of every 10 houses, at least three are now rented by foreigners. The environment is changing and many tourists like this place.”
U Maung Aye said current asking prices have increased substantially to about K30 million