Myanmar Construction Articles & Analysis

Chapter | Construction & Real Estate from The Report: Myanmar 2017

The construction industry is set to become a major growth driver of Myanmar’s economy, as investors look to capitalise on economic liberalisation and a major public infrastructure programme. Residential real estate, particularly affordable housing, will remain the chief engine of growth over the medium term, though a large infrastructure deficit and rising congestion in Yangon should see...

Myanmar today is a country undergoing rapid change, and there is a solid determination among its people and leaders alike to help their country establish an important place at the global political and economic table.

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A projected housing shortage in Myanmar is driving the construction of affordable units in Yangon, with the government looking to assist development through new partnerships, project funding, legislative change and mortgage market support.

 

What measures can be taken to encourage foreign investment in Myanmar’s infrastructure?

 

After years of rapid growth following the start of the transition to civilian government in 2011, Myanmar’s real estate sector slowed in 2015 and 2016 as a supply surge of new office space weighed on rents and occupancy. Condominiums and high-end residential property also saw growth slow, with some stakeholders arguing rents have been...

 

The construction sector is going through a reform process under the new government, with particular emphasis on quality control and the rules, regulations, codes and standards that govern the sector. The institutional framework required to drive this new approach puts the Ministry of Construction in the driver’s seat, and there are a number of...

 

To what extent will the development of smart cities have an impact on the economic progress of the ASEAN region, in your opinion?

 

The construction industry is set to become a major growth driver of Myanmar’s economy, as investors flock to capitalise on economic liberalisation and a major public infrastructure programme. The sector has expanded rapidly since 2012, although growth moderated in 2016 as a result of election uncertainty and regulatory reforms. Residential...