Industry at a glance
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- The positive outlook for the construction industry is supported by
o Fast growing economy
o Increased government investment in public infrastructure
o Rising interest of domestic and foreign real estate developers in constructing residential meet the rising population's housing demand- Myanmar’s construction sector registered a 7.2% compound annual growth rate from 2011 to 2015, and is set to carry a 10.37% annual growth rate from 2016 to 2020
- Myanmar construction industry’s value stood at US$8.2 billion in 2015, and is anticipated to value US$13.5 billion in 2020
- FDI in 2015-16 real estate sector raked in roughly $345 million worth of foreign investment flowed into the real estate market in Myanmar through the end of January 2016 with nearly $100 million of that sum invested in January alone
