Inside: Construction and infrastructure developments in Myanmar, boom or … boom?

The country’s double-digit growth rate is expected to remain steady after decades of stagnation

Myanmar’s building industry is on the move; its new double-digit growth rate is expected to remain steady for the foreseeable future after decades of stagnation.

The industry expanded 16 percent in 2012 over the previous year, according to the research arm of one of Thailand’s largest banks. Kasikorn Research said the expansion was up from a rate in the low single digits. Pent-up demand is driving the sector despite major constraints, which include surging prices of land and premium office and condo rents, the lack of a national construction law, and a fragmented regulatory environment.

Contributing Author

author image

Eric Rose

Eric Rose is the Lead Director of Herzfeld Rubin Meyer & Rose, the first US law firm in Myanmar. He focuses on the global aspects...

Bio and more articles

Contributing Author

author image

U Kyaw Hoe

U Kyaw Hoe is the managing counsel of Herzfeld Rubin Meyer & Rose. Since 1979, U Kyaw Hoe has defended the interests of both individuals...

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.