Myanmar Construction

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In recent years Myanmar’s real estate market has been hampered by oversupply, regulatory uncertainty, and an absence of consumer financing or avenues for international investment. However, as market conditions improve, new laws and regulations governing the development and sale of condominiums to foreigners, along with greater flexibility in...

 

Construction activity has increased significantly in Myanmar as the country works to address gaps in transport and power infrastructure, as well as an affordable housing shortage. The creation of several economic zones aimed at attracting investment and new cities over the coming years is expected to further the expansion. Cooperation with...

Foreign companies are showing interest in Myanmar’s geostrategic location, abundant natural resources and youthful population. A focus on following international best business practices and reducing the informal economy, paired with an annual GDP growth forecast at around 6% in the coming years, is setting Myanmar on a path to catch up with some regional peers.

 

Which infrastructure development projects are being prioritised between 2018 and 2020?

 

A major factor constraining the development of the real estate sector is the lack of a mature mortgage market. Ambiguities on regulations related to immovable property rights, and incomplete or incorrect ownership records, are two of the main reasons why a mortgage culture has not yet developed in Myanmar.

 

Since the beginning of Myanmar’s economic and political reform in 2011, the construction industry has experienced mixed fortunes. Although the government has recognised the economic multiplier effects of infrastructure development, some large-scale projects have been held up by bureaucracy and investor scepticism.

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