Real Estate Market to Pick Up in July

Despite a slow start in 2015, the real estate market was seen making a comeback by the end of March and is predicted to pick up by July, according to industry experts.

U Nay Min Thu, marketing director of iMyanmar, an advertising agency for real estate and property across Myanmar, said, “The real estate market was static at the start of the year because the market was being watched due to the Yangon elections. Business will be normal again in the middle of July.”

Compared with the last year, the real estate business was down 50 percent although the rental market has risen 15 percent, he said.

U Sai Khum Naung, managing director of a local real estate legal advisory firm, said, “There will hopefully be small deals under K500 million. Any deals higher than that seems impossible at the moment.”

Industry insiders say foreign investors are also taking a wait-and-see approach when it comes to investing in real estate with the approaching of National Election of 2015, which is set to have a significant impact on the market.

Source: Myanmar Business Today

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Dagon City", “MOGE”, “yangon stock exchange”,"MECTEL", "hydropower", etc.

To learn about the business opportunities in Myanmar click here

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page "Actual Sample of Client Report”. Click here to go to page.

Do you know that IE Singapore is giving up to SGD 20,000 support for Singapore company to venture into Myanmar? To learn more click here

If you are interested to be listed in our Service Provider Directory as a supplier of services or products that we can use to match with the needs of our clients in Myanmar please fill up the online form by clicking here