Gentrifying Myanmar

It was known as Burma at one time for you old schoolers, but this is a land attached to Thailand on one border and might be your retirement home. Yes, for you sex tourists, this could be the next “untapped” market. The land prices are going up including rental office space. What was once a few thousand a year is now nearing regular pricing. Homes are going up as well. There’s one hitch. You need to be the right ethnicity to own land, namely a Myanmar native. From Reuters: “”The government has clearly stated they will not allow foreigners to own land,” said a real estate executive who gave his name as Myo, adding it could take several years for laws to be passed to allow the ownership of apartments.” (Reuters – Myanmar)

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