Real Estate

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Evidence of the construction boom in Myanmar is visible throughout the country and especially in Yangon. The old capital has been awakened and is on an express track to becoming a modern city, with the number of public works and concrete buildings rapidly rising in the last four years. This trend is set to continue, as the economy is on track to grow 7.8% in both FY 2014...

A much-anticipated reform in the real estate sector for 2014 was the introduction of the draft Condominium Law, but a series of disagreements among lawmakers has delayed its introduction to an unspecified date. The draft law is now expected to be re-submitted to the parliament in January 2015. The law, if approved as proposed, will allow foreigners to own apartment units...

How does Myanmar’s property development segment compare with other ASEAN members? What makes it a worthwhile investment destination?

What steps can be taken to ensure that the quality of construction meets international standards?

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.

Chapter | Construction & Real Estate from The Report: Myanmar 2015

The opening of Myanmar’s economy has led to a proliferation of mega-projects in the past four years, including the upgrade of infrastructure and the expansion of utilities. The government has embarked on projects to upgrade, broaden and build a long list of facilities, ranging from roads to bridges, seaports to airports, hotels to malls, high rises to apartments and hydroelectric dams to...

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