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...
How has the construction industry evolved in recent years given rapid development of the economy?
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...
What kind of steps can be taken to reduce financial speculation and ensure the availability of affordable land for industrial projects?
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.
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