Myanmar, a fast-growing economy in Southeast Asia, is receiving greater attention due to favorable demographics, a formidable resource endowment and a location at the apex of China, India and Thailand. The last fifty years have seen Myanmar struggle to overcome prolonged economic stagnation under the previous government. Yet substantial reforms to both the country’s political system and its economy have created huge opportunities. Investment has increased markedly with FDI growing from USD1.9 billion to USD9.4 billion in the last five years. This sizable FDI growth has the potential to translate directly into rapid and sustainable GDP growth over the coming years. For these reasons, Myanmar has the potential to be one of the most promising destinations for investment opportunities in Asia.
Foreign ownership of condos was previously not allowed under the