Residential Real Estate Market in Myanmar by Type, and Mode of Booking - Forecast and Analysis 2023-2027

Published: Dec 2022

Pages: 109

SKU: IRTNTR74797

Snapshot

The residential real estate market in Myanmar is estimated to grow at a CAGR of 3.97% between 2022 and 2027. The size of the market is forecast to increase by USD 181.3 million. The growth of the market depends on serval factors, including the growing residential sector in Myanmar, rising investments in sustainable urban infrastructure, and increasing support of the government for affordable houses.

This report extensively covers market segmentation by type (landed houses and villas, apartments, and condominiums), and mode of booking (sales and rental/lease). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Residential Real Estate Market In Myanmar During the Forecast Period?

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Parent Market Analysis

Technavio categorizes the residential real estate market in Myanmar as a part of the global specialized consumer services market within the global diversified consumer services market. The parent global specialized consumer services market covers revenue generated by the consumer service providers, including residential services, home security services, legal services, personal services, renovation and interior design services, consumer auction services, wedding services, and funeral services. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Residential Real Estate Market In Myanmar: Key Drivers, Trends, Challenges, and Customer Landscape

The growing residential sector in Myanmar is notably driving the market growth, although factors such as regulatory uncertainty may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Residential Real Estate Market Driver In Myanmar

The growing residential sector in Myanmar is the key factor driving the residential real estate market growth in Myanmar. An increase in the number of residential buildings is a driving force in the residential real estate market in Myanmar. The construction of residential spaces such as single-family homes, condos, cooperatives, duplexes, townhouses, and multifamily residence is on the rise in Myanmar. The residential construction industry is expected to witness robust growth during the forecast period, driven by growing urbanization and the standard of living in Myanmar.

Moreover, the concept of integrated living is rapidly growing in the residential sector, as home buyers have started investing heavily in residential projects with modern facilities, including shopping malls with multiplexes, schools, hospitals, leisure clubs, office blocks, and parks as home buyers are now looking to lead a more peaceful life that is self-sufficient and secure. While big residential projects such as townships take care of all social, civic, and recreational needs of home buyers and are equipped with multi-layer security systems, the demand for township living is increasing significantly. Such factors are expected to drive the growth of the residential real estate market in Myanmar during the forecast period.

Significant Residential Real Estate Market Trend In Myanmar

Technology adoption in the real estate sector is a key growth trend in Myanmar's residential real estate market growth. The adoption of technology is one of the growing trends in Myanmar's housing market. The growing adoption of technology is improving residential properties. Adopting new tools will increase productivity and save costs for everyone from agents and properties to builders and tenants.

For example, smart sensor technology: sensor technology is set to become a selling point for residential properties, aiding in properties to go green, along with enhancing energy savings. Thus, technology adoption is one of the growing trends expected to drive the growth of the Myanmar residential real estate market during the forecast period.

Major Residential Real Estate Market Challenge In Myanmar

Regulatory uncertainty is a major challenge to the growth of the residential real estate market growth in Myanmar. Government regulators in Myanmar are increasingly passing rules and laws reading the performance and disclosure of real estate assets according to environmental, social, and government (ESG) criteria. These rules are forcing real estate investors to measure and report their assets’ water, energy use, waste, carbon emissions, and climate change risks.

These rules are also demanding much innovation in the design, development, and construction of new buildings, as well as the renovation of existing assets, over a long time span. Real estate companies are still in the early stages of managing their ESG compliance requirements, and very few companies are prepared to implement changes to meet new regulatory requirements immediately. Thus, regulatory uncertainty can become a major challenge, which will hamper the growth of the residential real estate market in Myanmar during the forecast period

Key Residential Real Estate Market In Myanmar Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Residential Real Estate Market in Myanmar Customer Landscape

Who are the Major Residential Real Estate Market in Myanmar Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ampsconstruction.com - The company offers residential real estate such as Inwa Housing. Also, through this segment, the company offers real estate in Myanmar.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Residential Real Estate Market In Myanmar?

The market share growth by the landed houses and villas segment will be significant during the forecast period. Landed houses and villas held the largest share of the residential real estate market in Myanmar in 2022 and will continue to dominate during the forecast period. Villa is a standalone house that comes with a veranda or yard. These are usually in areas where there are other villas as well.

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The landed houses and villas segment was valued at USD 538.37 million in 2017 and continue to grow by 2021. Villas in the same locality bring up a sense of togetherness and a feeling of community that building flats have, and yet they give the privacy that bungalows promise. The major difference between a landed house and a villa is that a villa is most times located and constructed in niche and exclusive areas; however, a landed house is a stand-alone dwelling that can be constructed on any kind of land irrespective of locality. With increasing urbanization and demand for homes, the landed houses and villas segment in the residential real estate market in Myanmar is expected to witness growth during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Type (Landed houses and villas, Apartments, and condominiums) and Mode Of Booking (Sales and Rental/Lease).

Type Outlook (USD Million, 2017 - 2027)
- Landed houses and villas
- Apartments
- condominiums

Mode of booking Outlook (USD Million, 2017 - 2027)
- Sales
- Rental/Lease

Residential Real Estate Market In Myanmar Scope
Report Coverage	Details
Page number	109
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 3.97%
Market growth 2023-2027	USD 181.3 million
Market structure	Fragmented
YoY growth 2022-2023(%)	3.72
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Aung Myin Pyae Sone Co., Ltd., Ayeryar Hinthar Holdings Co. Ltd., Beaver Concrete Construction Co., Inc., Capital Diamond Star Group Ltd., Dagon Group, Eden Group, Ever Seiko Co. Ltd., Excellent Fortune Development Group, IME Group, Keppel Corp. Ltd., Marga 23 Investment Ltd., Max Myanmar Group, Myanmar Seilone Group , Shwe Taung Development Co. Ltd., and Yoma Strategic Holdings Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Residential Real Estate Market In Myanmar In Country Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the residential real estate market in Myanmar between 2023 and 2027
Precise estimation of the size of the residential real estate market in Myanmar size and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market across Myanmar
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of the residential real estate market vendors in Myanmar

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Mode of Booking
- Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 07: Parent market
- Exhibit 08: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 09: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 10: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 11: Chart on Burma (Myanmar) - Market size and forecast 2022-2027 ($ million)
- Exhibit 12: Data Table on Burma (Myanmar) - Market size and forecast 2022-2027 ($ million)
- Exhibit 13: Chart on Burma (Myanmar): Year-over-year growth 2022-2027 (%)
- Exhibit 14: Data Table on Burma (Myanmar): Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Residential real estate market in Myanmar 2017 - 2021
- Exhibit 15: Historic Market Size – Data Table on Residential real estate market in Myanmar 2017 - 2021 ($ million)

4.2 Type Segment Analysis 2017 - 2021
- Exhibit 16: Historic Market Size – Type Segment 2017 - 2021 ($ million)

4.3 Mode of booking Segment Analysis 2017 - 2021
- Exhibit 17: Historic Market Size – Mode of booking Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

6.1 Market segments
- Exhibit 25: Chart on Type - Market share 2022-2027 (%)
- Exhibit 26: Data Table on Type - Market share 2022-2027 (%)

6.2 Comparison by Type
- Exhibit 27: Chart on Comparison by Type
- Exhibit 28: Data Table on Comparison by Type

6.3 Landed houses and villas - Market size and forecast 2022-2027
- Exhibit 29: Chart on Landed houses and villas - Market size and forecast 2022-2027 ($ million)
- Exhibit 30: Data Table on Landed houses and villas - Market size and forecast 2022-2027 ($ million)
- Exhibit 31: Chart on Landed houses and villas - Year-over-year growth 2022-2027 (%)
- Exhibit 32: Data Table on Landed houses and villas - Year-over-year growth 2022-2027 (%)

6.4 Apartments and condominiums - Market size and forecast 2022-2027
- Exhibit 33: Chart on Apartments and condominiums - Market size and forecast 2022-2027 ($ million)
- Exhibit 34: Data Table on Apartments and condominiums - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Chart on Apartments and condominiums - Year-over-year growth 2022-2027 (%)
- Exhibit 36: Data Table on Apartments and condominiums - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by Type
- Exhibit 37: Market opportunity by Type ($ million)

7 Market Segmentation by Mode of Booking

7.1 Market segments
- Exhibit 38: Chart on Mode of Booking - Market share 2022-2027 (%)
- Exhibit 39: Data Table on Mode of Booking - Market share 2022-2027 (%)

7.2 Comparison by Mode of Booking
- Exhibit 40: Chart on Comparison by Mode of Booking
- Exhibit 41: Data Table on Comparison by Mode of Booking

7.3 Sales - Market size and forecast 2022-2027
- Exhibit 42: Chart on Sales - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Sales - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Sales - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Sales - Year-over-year growth 2022-2027 (%)

7.4 Rental/Lease - Market size and forecast 2022-2027
- Exhibit 46: Chart on Rental/Lease - Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Data Table on Rental/Lease - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Chart on Rental/Lease - Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on Rental/Lease - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Mode of Booking
- Exhibit 50: Market opportunity by Mode of Booking ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 51: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges
- Exhibit 52: Impact of drivers and challenges in 2022 and 2027

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape
- Exhibit 53: Overview on Criticality of inputs and Factors of differentiation

10.3 Landscape disruption
- Exhibit 54: Overview on factors of disruption

10.4 Industry risks
- Exhibit 55: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered
- Exhibit 56: Vendors covered

11.2 Market positioning of vendors
- Exhibit 57: Matrix on vendor position and classification

11.3 Aung Myin Pyae Sone Co Ltd
- Exhibit 58: Aung Myin Pyae Sone Co Ltd - Overview
- Exhibit 59: Aung Myin Pyae Sone Co Ltd - Product / Service
- Exhibit 60: Aung Myin Pyae Sone Co Ltd - Key offerings

11.4 Ayeryar Hinthar Holdings Co. Ltd.
- Exhibit 61: Ayeryar Hinthar Holdings Co. Ltd. - Overview
- Exhibit 62: Ayeryar Hinthar Holdings Co. Ltd. - Product / Service
- Exhibit 63: Ayeryar Hinthar Holdings Co. Ltd. - Key offerings

11.5 Beaver Concrete Construction Co., Inc.
- Exhibit 64: Beaver Concrete Construction Co., Inc. - Overview
- Exhibit 65: Beaver Concrete Construction Co., Inc. - Product / Service
- Exhibit 66: Beaver Concrete Construction Co., Inc. - Key offerings

11.6 Capital Diamond Star Group Ltd.
- Exhibit 67: Capital Diamond Star Group Ltd. - Overview
- Exhibit 68: Capital Diamond Star Group Ltd. - Product / Service
- Exhibit 69: Capital Diamond Star Group Ltd. - Key offerings

11.7 Dagon Group
- Exhibit 70: Dagon Group - Overview
- Exhibit 71: Dagon Group - Product / Service
- Exhibit 72: Dagon Group - Key offerings

11.8 Eden Group
- Exhibit 73: Eden Group - Overview
- Exhibit 74: Eden Group - Product / Service
- Exhibit 75: Eden Group - Key offerings

11.9 Ever Seiko Co. Ltd.
- Exhibit 76: Ever Seiko Co. Ltd. - Overview
- Exhibit 77: Ever Seiko Co. Ltd. - Product / Service
- Exhibit 78: Ever Seiko Co. Ltd. - Key offerings

11.10 Excellent Fortune Development Group
- Exhibit 79: Excellent Fortune Development Group - Overview
- Exhibit 80: Excellent Fortune Development Group - Product / Service
- Exhibit 81: Excellent Fortune Development Group - Key offerings

11.11 IME Group
- Exhibit 82: IME Group - Overview
- Exhibit 83: IME Group - Product / Service
- Exhibit 84: IME Group - Key offerings

11.12 Keppel Corp. Ltd.
- Exhibit 85: Keppel Corp. Ltd. - Overview
- Exhibit 86: Keppel Corp. Ltd. - Business segments
- Exhibit 87: Keppel Corp. Ltd. - Key offerings
- Exhibit 88: Keppel Corp. Ltd. - Segment focus

11.13 Marga 23 Investment Ltd.
- Exhibit 89: Marga 23 Investment Ltd. - Overview
- Exhibit 90: Marga 23 Investment Ltd. - Product / Service
- Exhibit 91: Marga 23 Investment Ltd. - Key offerings

11.14 Max Myanmar Group
- Exhibit 92: Max Myanmar Group - Overview
- Exhibit 93: Max Myanmar Group - Product / Service
- Exhibit 94: Max Myanmar Group - Key offerings

11.15 Myanmar Seilone Group
- Exhibit 95: Myanmar Seilone Group - Overview
- Exhibit 96: Myanmar Seilone Group - Product / Service
- Exhibit 97: Myanmar Seilone Group - Key offerings

11.16 Shwe Taung Development Co. Ltd.
- Exhibit 98: Shwe Taung Development Co. Ltd. - Overview
- Exhibit 99: Shwe Taung Development Co. Ltd. - Product / Service
- Exhibit 100: Shwe Taung Development Co. Ltd. - Key offerings

11.17 Yoma Strategic Holdings Ltd.
- Exhibit 101: Yoma Strategic Holdings Ltd. - Overview
- Exhibit 102: Yoma Strategic Holdings Ltd. - Product / Service
- Exhibit 103: Yoma Strategic Holdings Ltd. - Key offerings

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist
- Exhibit 104: Inclusions checklist
- Exhibit 105: Exclusions checklist

12.3 Currency conversion rates for US$
- Exhibit 106: Currency conversion rates for US$

12.4 Research methodology
- Exhibit 107: Research methodology
- Exhibit 108: Validation techniques employed for market sizing
- Exhibit 109: Information sources

12.5 List of abbreviations
- Exhibit 110: List of abbreviations

adoption of multichannel marketing strategies: The key vendors in the market are striving to expand their target customer base by investing in marketing and promotional activities. Large specialized consumer service providers aim at strengthening their presence by investing in brand visibility activities, celebrity endorsements, and marketing through channels such as television, radio, the Internet, print media, posters, and direct mails. The competitors also use a targeted advertising approach and launch advertisements that are designed and crafted to promote the services and communicate the brand positioning.

attrition and training: Professional, skilled, and unskilled workforce is required to provide specialized consumer services. However, there is a shortage of skilled and professional workforce to meet the demand. For instance, in security services, a skilled workforce is required when new monitoring devices and security gadgets are developed and adopted. Several vendors provide rigorous training to their employees about the handling of critical tasks while serving specialized consumer services. However, the retention of such a workforce is a major challenge.

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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