Real estate agency Savills has announced the opening of a new Indochina and Myanmar consulting practice.
Chris Marriott, Chief Executive Officer of Savills South East Asia said his company is more than ready to take advantage of the increasing opportunities within the Indochina and Myanmar region.
He said: “As part of our vision to penetrate into one of the largest emerging market in Asia, we have established a research and consulting platform featuring a full service practice dedicated for our stakeholders.”
Troy Griffiths, Deputy Managing Director of Savills Vietnam added that the team have been working in the region for a long time and it is now appropriate to commit to a permanent office in Yangon.
“There is an influx of investors to Myanmar from throughout Asia who are seeking rewards from early entry. With our extensive emerging market experience and a full service rendered to our clients, we are a creating a key differentiator to be leveraged across Indochina and Myanmar,” he said.
He added that Myanmar’s legal and investment framework is rapidly evolving such that Foreign Direct Investment will view the country more favourably.
With interest in Myanmar becoming more intense and foreign capital being injected in virtually every sector of the economy, Marriott added that he is expecting Savills to play a dominant role in the emerging Indo China and Myanmar markets.
Andrew Batt, International Group Editor of PropertyGuru, wrote this story. To contact him about this or other stories email andrew@allproperty.com.sg
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