Home Actual property sector ranks in high three sources for FDI in Myanmar
April 5, 2019
In line with Colliers Worldwide “A booming property market in Myanmar has seen a real estate sector rank within the high three sources for overseas direct funding within the final yr.”
Xinhua studies that The Myanmar Funding Committee (MIC) permitted 109 overseas investments as of February within the current fiscal yr 2018-2019 which began in October final yr, in line with the Directorate of Funding and Firm Administration (DICA).
“USD1.2 billion in FDI flowed into the nation’s real estate sector within the fiscal yr 2017-2018, trailing solely the USD1.7 billion that went into manufacturing in the identical interval, in line with a report by the Directorate of Funding and Firm Administration (DICA). Singapore and China have been the most important buyers in Myanmar, pumping USD2.1 billion and USD1.three billion, respectively or greater than 60% of accredited FDI, “says Colliers.
“The Yangon area acquired USD2.four billion or 40% of FDI, adopted by Mandalay with USD1 billion and Mon State with USD400 million. General, for all its challenges, the market continues to supply huge funding potential. Myanmar remains to be within the early levels of its financial transition, with alternatives to be taught from the experiences of its South-east Asian neighbours,” says Colliers.
Sources: Colliers Worldwide, Xinhua
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