Thread: Bangkok Property Firm Tips Burma for Growth

Bangkok Property Firm Tips Burma for Growth

A Thai property development and management company is tipping Burma as a new growth center for investors.

The establishment of a tariff-free trade zone in Asean [the Association of Southeast Asian Nations] will hasten property investment in Burma as a vehicle for business expansion, said the chief executive of Bangkok-based Fragrant Group, James Duan.

“Cooperation in Asean is expected to generate a higher number of new investors to enter the property sector in Burma,” Duan was reported by the Bangkok Post as saying.

“It’s a good opportunity for foreign developers including Thais to start research there for business expansion,” he reportedly said.

Duan said his firm, which has been involved in major condominium developments in Bangkok, was planning to test the market potential in Burma with a promotional show.

However, he admitted that Burma was a low-base location for domestic income disposal in property— only 2 percent of the population.

Property development in Burma would be geared to the tourism industry, he said.

irrawaddy.org

yes it should be an exciting Market.
don't now about owner ship limitation for foreigners
though.
due to many variables I don't think construction costs
will be lower then in Thailand
What about laws for foreigners wanting to own land?