Myanmar Real Estate Service Association (MRESA) has agreed to host the ASEAN Real Estate Network Alliance (ARENA) Convention and Exhibition 2019, which includes eight ASEAN member countries.
ARENA Convention and Exhibition 2019 will be held at Novotel hotel, Yangon, on 23 and 24 August, it was announced on 24 July.
“ARENA Convention was first held in Thailand in 2016, then in Malaysia in 2017 and thirdly in Cambodia in 2018. This year, Myanmar will host the fourth ARENA Convention. This year’s exhibition is expected to bring about changes in Myanmar’s real estate sector, with over 400 entrepreneurs from eight ASEAN countries and 350 entrepreneurs from Myanmar in attendance. This exhibition is also expected to provide benefits in developing a strong real estate sector in the ASEAN economic zone through cooperation with property agencies, developers and construction contractors,” said U Khin Maung Than, chairman of the Myanmar Real Estate Service Association.
ARENA was formed on 3 March, 2012, and stands as a regional grouping of eight National Real Estate Associations comprising the Philippines, Singapore, Malaysia, Indonesia, Cambodia, Viet Nam, Thailand, and Myanmar. The ARENA charter was ratified by the eight real estate chairmen of the respective national associations in Bangkok, Thailand in 2016.
There are over 20,000 members from eight member countries in ARENA.
“The Philippines, Singapore and Malaysia formed ARENA as founding members in March, 2012. This association has been implementing the AEC’s objectives. We could say that this association is effectively cooperating to make the ASEAN economic zone a success, in respect to the real estate sector. So, we are still approaching Laos and Brunei, which are ASEAN member countries, for them to decide whether to join ARENA,” said U Khin Maung Than.
ARENA is a regional group dedicated to helping its members in areas of networking, legislation, and improving marketing, training and cooperation.
By Aye Yamone(Translated by Hay Mar)