Local Property News | Posted by Shwe Zin Win
The Local foreign investment is the second largest in the Real Estate sector in the fourth quarter of the current fiscal year, according to statistics released by the Directorate of Investment and Company Administration.
In the current fiscal year 2019-2020, foreign investments accounted for more than $ 2 billion from October to January.
Of these, the largest investment amount is in the electricity sector and the second is in the Real Estate sector, with more than $ 600 million.
Local businessmen have also invested in the Real Estate sector with over 4600 billion kyats in 89 businesses, according to the statistics. That is the largest amount of investment by local entrepreneurs, accounting for 23% of total domestic investment.
Local entrepreneurs has made the second largest investment in the sector of manufacturing with the investment amount of over K 3600.
Foreign investment is the third largest investment in the housing sector in the 2018-19 fiscal year, with more than $ 200 million invested.
Written by iMyanmarHouse.com Team
Credit: iMyanmarHouse.com
