Access of Foreign Investment Is Still Rising in Country’s Real Estate Sector
The access of foreign investment to Myanmar’s real estate sector is rising but the real estate market is stable, according to the sources from the Myanmar Investment Commission.
During July 2017, more than US$ 4.6 billion of foreign investment has accessed to real estate sector and it has increased up to more than US$ 4.8 billion in March 2018, according to a statement by the Myanmar Investment Commission.
The rising access of foreign investments in real estate sector is due to the luxury housing projects as well as hotels and condos projects which are still needed in the country’s real estate sector.
Most of the investments are from Singapore, Thailand, Vietnam and other Asian countries, according to the data.
In 2018, some of the European countries become interested in Myanmar’s real estate sector, especially, to implement factories and hotels projects.
Specially written by iMyanmarHouse.com
Credit: iMyanmarHouse.com
Translated by: iMyanmarHouse.com
