Real estate investors wait for election

Jan Sommerfeld of house.com.mm said further investment would depend on the economic policies followed after election. "The election will give a good chance to reanalyse the market if we look at it from a positive viewpoint," said Jan Sommerfeld.

The Yangon real estate market has boomed but it currently faces declines.

Khin Maung Than, chairperson for the Myanmar Real Estates Services Association, said the market was being affected by poor investment, an increase in the fixed price for a square foot of land, uncertainty about the election, government controls to prevent illegal money flowing into the real estate market and overinflated prices.