Local investors put over Ks4 billion in real estate sector and it is over 24 per cent of total investment in Myanmar by local investors, according to Directorate of Investment and Companies Administration (DICA).

Local investors put their investments mainly in real estate, production, transportation and communications, hotel and tourism, industry, construction, energy, livestock and fishery, mining, agriculture and other sectors.

A total of 1,225 investments entered in 11 sectors till the end of February and total investment is over Ks18.5 trillion.

The investment proportions in each sector are as per following: 24.15 per cent in real estate sector, 16.32 per cent in production sector, 14.56 per cent in transportation and communications sector, 10.24 per cent in hotel and tourism sector, 5.1 per cent in industry sector, 5.08 per cent in construction sector, over three per cent in energy sector, over two per cent in livestock and fishery sector, over one per cent in mining sector, under one per cent in agriculture sector and 18 per cent in other sector respectively.

Real estate market declined after 2014 and at the present, only land plots and apartments worth under Ks100 million are sold in the market.

In real estate sector, rental, selling and buying rates are declined about 40 per cent, according to the seventh plenary session of Myanmar Real Estate Services Association (MRESA) held at UMFCCI on March 23.