Condominiums, apartments, detached houses, flats and land worth over Ks75.6billion (US$56million) were sold in 2016 through real property expos, according to data released by iMyanmarHouse.com.
The real estate website iMyanmarHouse.com have held major real property expos twice in Yangon, once in Mandalay and once in Singapore. Additionally, it jointly held real estate expos with iGreen Golden City and other construction businesses.
“There were over 10 real estate expos we held in cooperation with other construction businesses. We were able to sell the real property worth over Ks75.6billion in 2016 through the expos,” said U Nay Min Thu, a managing director of iMyanmarHouse.com.
The real estate sector is likely to raise its head with foreign direct investments increasingly flowing into the country. Low-cost apartments worth Ks10 to 20million are being developed for the public by private and government sectors so that low-income people can own property, it is learnt.