Yangon Expansion - the Dala Bridge

Over the past 18 months central Yangon's property prices have softened, but buying a home remains a distant dream for the majority of Yangonites. As more people flock to the city, power cuts increase, traffic worsens, and demand for housing continues to rise.
 
Yet in Dala, only ten minutes ferry ride from the heart of downtown, little is being developed and property prices remain low. With a USD 138Mn loan from South Korea, the "Korea-Myanmar Friendship Bridge" will build much more than diplomatic ties. Due to open in 2020, the project will have drastic effects on the city's layout and provides a key opportunity for developers looking ahead.

Key Myanmar Statistics

GDP - USD 59.4 Bn
GDP Growth - 8.5%
Population - 51.41Mn
Inflation - 8.39%
Bank Deposit - 8%
Bank Lending - 13%

Key Myanmar Statistics

  • October-211,533.7
  • October-181,533.1

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