Yangon, Myanmar - The commercial capital of Asia's second-poorest country is the sixth-most expensive city in southeast Asia.
Ever since the once-shuttered country opened up to foreign investors, aid groups and businessmen have clambered to gain a foothold in Yangon. The new arrivals have created a property shortage.
Affordable housing is being torn down, replaced by high-rise condominiums and office buildings. Rents have quadrupled in recent years, while local wages remain depressingly low for many.
Source: http://www.news.myanmaronlinecentre.com/2014/02/27/in-pictures-booming-yangon/
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