Growing demand for residential units, the urbanisation of major cities and a national drive to bridge infrastructure shortfalls, should help Myanmar’s construction sector maintain its recent track record of strong growth over the coming years.
Growing demand for residential units, the urbanisation of major cities and a national drive to bridge infrastructure shortfalls, should help Myanmar’s construction sector maintain its recent track record of strong growth over the coming years.
The real estate sector in Myanmar is riding high, and there is strong demand for quality space in Yangon in particular. With office rents in prime buildings rivalling those in Singapore and land prices also soaring, those with land are enjoying a windfall, while newcomers face a high cost of entry. Developers are focused on high-end projects in...
Long a restricted area, Myanmar’s real estate sector is opening up to foreign investment. Two major legal changes – a new Foreign Investment Law adopted in late 2012, and a new Condominium Law expected to be adopted in early 2014 – are set to dramatically expand opportunities for foreigners to invest in Myanmar property. At the smaller end of...
The construction sector is booming as Myanmar’s opening to the world has brought in foreign investment and sparked an economic renaissance. With the country’s limited domestic capacity and wide range of construction needs, there are plentiful opportunities for foreign investors, international construction firms, and sellers of construction...
As Myanmar moves to catch up with rapid industrialisation, the real estate sector has an important role to play in accommodating an expected wave of migration to urban centres. The pressure will be intense on Yangon, the business capital and primary port.
As demand for quality space in Yangon has multiplied since the lifting of sanctions, Myanmar’s construction industry has come under intense pressure to raise its standards and technical know-how. Local construction materials, equipment, expertise, workmanship, and safety of worksites and occupied buildings are all behind international standards...
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