Myanmar citizens actively purchasing properties in Thailand

21 Nov 2024 CW Team

Buyers from Myanmar have been actively purchasing condominiums in Bangkok and other parts of Thailand, offering a rare boost to the kingdom's struggling real-estate market. This trend reflects an effort to move funds out of an economy severely impacted by civil war.

The Real Estate Information Centre (REIC) reported that Thai condominium sales to Myanmar nationals in the first nine months of 2024 had tripled compared to the same period in the previous year. This made Myanmar buyers the second-largest group of foreign purchasers, following those from China.

REIC’s acting director-general, Kamonpop Veerapala, commented that during times of conflict in neighbouring countries, foreign nationals often look to Thailand as a peaceful haven.

Between January and September 2024, more than 1,000 condominium units, valued at 5.46 billion baht, were sold to Myanmar nationals, according to REIC data. Myanmar, which shares a 2,500-km border with Thailand, has been experiencing political and economic instability since a 2021 military coup disrupted a decade of gradual democratic and economic reform, triggering widespread violence.

The country’s currency, the kyat, has also faced significant depreciation, driving up the cost of essential goods. The World Bank projects Myanmar’s economy to grow by just 1 per cent in the current fiscal year.

In an effort to curb the kyat's volatility, Myanmar's junta took legal action in June, charging five individuals for purchasing Thai condominiums. While foreign property purchases were not previously prohibited in Myanmar, the junta is now tightening controls to limit foreign currency outflows.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..