Myanmar real estate and property development gleams with golden opportunities, have you identified your niche in the market?
After years of isolation, Myanmar has finally opened its borders to the world, releasing a flood of economic opportunity for both domestic and international investors.
Myanmar’s economic reforms are moving fast, and the picture on the ground is changing quickly.
Although the Foreign Property Investment Law has not passed yet, The new Condominium Law is currently in its final stages of being debated in Myanmar’s parliament and you should be prepared as Myanmar presents a great opportunity for investment and growth.
Myanmar luxury travel and tourism is expected to grow 9.5% in 2015, increasing by about $971 million year-on-year as the number of visitors continues to climb. This especially holds true for visitors from Asian countries, also rich in natural resources and with a youthful population of 60 million, Myanmar is a country ripe for investment.
The new laws are expected to give foreigners the right to own condominium units in line with laws in place in Thailand or Cambodia. “That’s going to shake up the industry, It’s going to be a frenzy of developers.”