Myanmar real estate sector attracts Ks4896B in citizen investment (1994-2023)

Myanmar real estate sector attracts Ks4896B in citizen investment (1994-2023)
The office of Myanmar Investment Commission in Yangon.
The office of Myanmar Investment Commission in Yangon.
Published 7 February 2024

In a significant development, citizen investment in Myanmar’s real estate development sector has surged over the years. From 1994 to the end of December 2023, a staggering 4,896 billion Kyats have been invested by citizens, constituting 19.97 percent of the total citizen investment.

This data, sourced from the Directorate of Investments and Companies Administration, underscores the growing interest in real estate ventures among the country’s residents.

Yangon Region, known as the economic hub of Myanmar, has emerged as a hotspot for private investment. In the fourth quarter of the fiscal year 2022-2023, Yangon Region attracted the highest amount of private investment compared to all other regions and states. The impressive figure stands at more than 58 billion kyats. Investors are drawn to Yangon’s dynamic business environment and growth prospects.

Foreign investment has also flowed into Yangon Region during the same period. The largest inflow of foreign capital amounted to 58,178.381 million kyats (over 58 billion kyats). Taninthayi Region secured the second position with 34,567.506 million kyats (over 34 billion kyats), while Mon State followed closely with 16,450.000 million kyats (over 16 billion kyats).

Beyond these regions, citizens have actively invested in various sectors across Myanmar. Shan State received 15,987.657 million kyats, Mandalay Region 9,350.700 million kyats, Magway Region 9,350.700 million Kyats, Ayeyawady Region 1,785.825 million Kyats, Bago Region 1,725 million Kyats, Kyah State 680 million kyats, and Rakhine State 240 million kyats.

In the fiscal year 2020-2021, Myanmar’s investment landscape witnessed diverse allocations. The industrial sector took the lead, attracting a substantial investment of 937,596.253 million kyats. Meanwhile, the hotel and tourism sector secured the second spot with 84,345.100 million kyats. The “Other service” sector, encompassing a range of activities, claimed the third position with an investment amount of 68,269.638 million kyats.

Investments were also channeled into sectors such as livestock and fisheries, housing construction development, transportation and communication, electricity, and agriculture. As Myanmar continues to evolve economically, these investments play a pivotal role in shaping its future.

In the fiscal year 2020-2021, foreign investment in the electricity sector reached an impressive $3,121 million, making it the highest among all sectors. The industrial sector followed closely as the second highest, attracting over $286 million in foreign investment. Meanwhile, the transportation and communication sector secured the third position with an investment of over $133 million.