{"id":9859,"date":"2020-11-05T19:29:51","date_gmt":"2020-11-05T12:29:51","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=9859"},"modified":"2024-09-18T14:14:10","modified_gmt":"2024-09-18T07:14:10","slug":"real-estate-developers-in-myanmar-anticipate-the-market-to-accelerate-after-elections","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/real-estate-developers-in-myanmar-anticipate-the-market-to-accelerate-after-elections\/","title":{"rendered":"Real estate developers in Myanmar anticipate the market to accelerate post-elections"},"content":{"rendered":"<p><span class=\"TextRun SCXW148283054 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW148283054 BCX0\">Once the <\/span><\/span><span class=\"TextRun SCXW148283054 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW148283054 BCX0\">uncertainties over the political process and the pandemic has cleared, consumer sentiment is likely to improve<\/span><\/span><span class=\"EOP SCXW148283054 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<figure id=\"attachment_9860\" aria-describedby=\"caption-attachment-9860\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-9860\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/11\/shutterstock_328617008.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/11\/shutterstock_328617008.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/11\/shutterstock_328617008.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/11\/shutterstock_328617008.jpg 620w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/11\/shutterstock_328617008.jpg 190w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/11\/shutterstock_328617008.jpg 1000w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-9860\" class=\"wp-caption-text\">Yangon, Myanmar downtown city skyline. SeanPavone\/Shutterstock<\/figcaption><\/figure>\n<p>Property developers in Myanmar are feeling optimistic about the future of the market post-elections, sharing that consumer sentiment will pick up once uncertainties over the political process, as well as the pandemic, has been cleared, reported Myanmar Times.<\/p>\n<p>\u201cA new government can effect changes in the economy, and sentiment can also change when new politicians come into office. People experienced this in 2015. So, they are waiting for a better situation or a change for the better,\u201d expressed real estate businessman U Tun Lin.<\/p>\n<p>\u201cAlthough lower interest rates have attracted some buyers into the market, COVID-19 restrictions have dampened buyer sentiment. Many buyers are waiting until after elections to make a move,\u201d he added.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/myanmars-potential-as-a-hub-for-industry-supplies-a-glimmer-of-hope-for-real-estate\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Myanmar\u2019s potential as a hub for industry supplies a glimmer of hope for real estate<\/strong><\/a><\/p>\n<p>During the height of the outbreak, the industry has been relying on virtual expos, which have become quite popular among investors and consumers. This new format has enabled the industry to advertise and sell properties in the midst of social distancing measures.<\/p>\n<p>Over 90 percent of the property market is currently inactive, but most of the real estate brokers expect transactions to increase in the coming months.<\/p>\n<p>They also encourage the industry to adopt selling techniques that abide by market requirements based on the ever-changing situation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Once the uncertainties over the political process and the pandemic has cleared, consumer sentiment is likely to improve\u00a0<\/p>\n","protected":false},"author":9,"featured_media":20803,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[987,193],"class_list":["post-9859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-consumer-sentiment","tag-myanmar","news_country-myanmar","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Real estate developers in Myanmar anticipate the market to accelerate post-elections | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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