According to Colliers International "A booming property market in Myanmar has seen a real estate sector rank in the top three sources for foreign direct investment in the last year."

Xinhua reports that The Myanmar Investment Committee (MIC) permitted 109 foreign investments as of February in the present fiscal year 2018-2019 which started in October last year, according to the Directorate of Investment and Company Administration (DICA).

"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). Singapore and China were the biggest investors in Myanmar, pumping USD2.1 billion and USD1.3 billion, respectively or more than 60% of approved FDI, "says Colliers. 

"The Yangon region received USD2.4 billion or 40% of FDI, followed by Mandalay with USD1 billion and Mon State with USD400 million. Overall, for all its challenges, the market continues to offer enormous investment potential. Myanmar is still in the early stages of its economic transition, with opportunities to learn from the experiences of its South-east Asian neighbours," says Colliers.

Sources: Colliers International, Xinhua

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