Growing residential sector and rising investments in sustainable urban infrastructure are boosting the Residential Real Estate Market in Myanmar | Forecast for 2023-2027|Technavio
The Residential Real Estate Market in Myanmar is likely to experience steady growth because of the growing residential sector in Myanmar followed by substantial investments in sustainable urban infrastructure. Rising at a CAGR of 3.97%, the market is estimated to witness revenue growth of USD 181.3 Mn through 2023 till 2027.
Snapshot of Residential Real Estate Market in Myanmar
As per a Technavio analyst: the “Quote” reason is expected to boost the growth of the residential real estate market in Myanmar
When it comes to the challenges of the market regulatory uncertainty and increasing prices of raw materials required for construction are expected to hinder the growth of the market. However, Technological adoption in the real estate industry and the rising need for affordable housing, infrastructure, and services will have a positive impact on the residential real estate market in Myanmar during the forecast period.
Some of the leading companies in the Residential Real Estate Market in Myanmar include names like Beaver Concrete Construction Co., Inc., Capital Diamond Star Group Ltd., Dagon Group, Eden Group, Ever Seiko Co. Ltd., Excellent Fortune Development Group, IME Group, Keppel Corp. Ltd., Marga 23 Investment Ltd., Max Myanmar Group, Myanmar Seilone Group, Shwe Taung Development Co. Ltd., etc. Technavio's report includes qualitative and quantitative analyses of core companies with a wider understanding of the business ecosystem as well as the strengths and weaknesses of key market players. Request for a sample report for more insights.
Technavio’s analysis of the residential real estate market in Myanmar also includes: