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 Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..