Construction & Real Estate

Myanmar 2020 - Construction and Real Estate

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 over the coming years is expected to further the expansion. Cooperation with international organisations and partners such as China, Thailand and Japan will help the country acquire the knowledge and technology necessary to move forward. 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 mortgage financing, have set the stage for sector recovery. This chapter contains an interview with Stephen Suen, Chairman, Marga Group.

Cover of The Report: Myanmar 2020

The Report

This chapter is from the Myanmar 2020 report. Explore other chapters from this report.

Interviews & Viewpoints

Sketch of Stephen Suen, Chairman, Marga Group
Stephen Suen, Chairman, Marga Group: Interview

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