Thriving during challenging times
Until late January, Myanmar in fact was on the verge of seeing a steady economic recovery from the pandemic-induced downturn. With robust growth forecasts from the World Bank and vaccines received from India, the country stood a high chance of restoring normalcy at the soonest possible time. However, an abrupt turn of political events at the onset of February shifted the direction of the economy overnight.
In light of this political and economic tumult, the real estate market, in Colliers view, should be seen with a high degree of cautious optimism. Investors are advised to also expect more ambiguities as a result of rising political exposures. We recommend stakeholders to keep a close eye on progresses in the market while remaining strictly prudent in making investment decisions.
