Real Estate Investment Drives Myanmar Economy

• Proeksa Meas
• 8 May 2018
• International News
• 2453 Views

A booming property market in Myanmar has seen real estate rank in the top three of sources for foreign direct investment in the last year.

USD1.2 billion in FDI flowed into the country’s real estate sector in the fiscal year 2017-2018, trailing only the USD1.7 billion that went into manufacturing in the same period, according to a report by the Directorate of Investment and Company Administration (DICA), according to the Myanmar Times.

Singapore and China were the biggest investors in Myanmar, pumping USD2.1 billion and USD1.3 billion, respectively, or more than 60 percent of approved FDI. The Yangon region received USD2.4 billion or 40 percent of FDI, followed by Mandalay with USD1 billion and Mon State with USD400 million.