Construction & Real Estate

The construction sector in Myanmar has experienced some turbulence in recent years. Changes to the regulatory framework and budget deficits have had an impact on the construction of houses, while plans to upgrade the country’s infrastructure have faced economic and political constraints. Nonetheless, the government is determined to move forward with new regulations and secure funding for a series of major infrastructure projects, and players in the sector are generally optimistic about developments ahead in 2018. With the residential and office markets cooling, but the industrial and retail segments buoyant and exhibiting significant long-term growth potential, the period ahead poses both challenges and opportunities for Myanmar’s real estate sector. Establishing a clear regulatory framework is set to play a significant role in the market’s development. This chapter contains interviews with Roongrote Rangsiyopash, CEO and President, SCG; U Kyaw Kyaw Win, Chairman, New Star Light Group; and U Khin Maung Aye, Chairman, Lat War.