October 20, 2017

INVESTMENT DIVIDED — Stock exchange poses alternative to real estate

Real estate agents in Yangon predict that real estate sector will remain stable, but the prices of land plots will decline a little.
Real estate agents in Yangon predict that real estate sector will remain stable, but the prices of land plots will decline a little.

The Yangon Stock Exchange, the first of its kind in Myanmar, is poised to challenge the real estate sector as the primary destination of investment when trading on the exchange begins next year.
With the construction sector in Yangon expected to recover next year, the sector will compete with the Yangon Stock Exchange to draw investment from the people, according to the country’s leading developers.
However, whether the investments of Myanmar citizens will flow into the Yangon Stock Exchange or into the real estate sector next year depends on the caliber of the people who are leading in the sectors, said U Ko Ko Htwe in an interview with Mizzima broadcast media, which was also broadcast by the state-run Myanma Radio and Television yesterday.
Myanmar real estate experts have predicted that the prices of condominiums and apartments would fall by 10 to 20 per cent next year when the Yangon Stock Exchange begins its operations.
About 50,000 condominiums and apartments will emerge in Myanmar’s commercial city in 2016.

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