Construction activity eased in 2015, as investors awaited the outcome of November’s historic election and the passage of a new law governing the development of condominiums. The law was introduced in Parliament in 2012 and could potentially allow foreigners to buy property in the country for the first time. Despite the political risks, Myanmar...
In your opinion, how do construction timelines for projects in Myanmar compare to those of other countries in the region?
At least 330,000 people move to Yangon every year from Mayanmar’s rural heartlands or its townships in the hope of finding work. The city’s population is expected to reach nearly 10m by 2035, almost double the number registered in 2013.
An expansion of retail space in urban centres is currently under way in Myanmar, as the country targets the creation of “destination” malls, similar to those that have proved popular in much of South-east Asia. In Yangon, Myanmar’s commercial centre, total retail stock stood at an estimated 171,078 sq metres of leasable space at the end of the...
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