Above illustration show an overlapping Singapore & Yangon map.
Land Area : Singapore 715 sqkm vs Yangon 784 sqkm
Population : Singapore 5.3 million vs Yangon 5.1 million
After decades with limited development and modernization Myanmar is now entering a new era. As a result of restrictions imposed by many foreign governments, foreign investments in Myanmar have primarily been from a limited number of countries, focusing on a limited number of sectors. This has caused Myanmar’s
development to lag behind the rest of the other ASEAN countries, and indeed behind the rest of the world.
Now the scenery is clearly changing. Today Myanmar is attracting a lot of interest from the international business community. According to “Myanmar in Transition”, a recent report by the Asian Development
Bank, Myanmar has a strong foundation for high growth based on the demographic of the population, providing an attractive low-cost workforce, the rich supply of natural resources and abundant agricultural
resources.
Property Ownership for Foreigners
Under the Transfer of Immovable Property Restriction Law of 1987, foreigners are restricted from owning land. Foreigners are allowed to lease land. In general foreigners can only enter into lease contracts with a maximum duration of one year. Under the new Foreign Investment Law of 2012 , foreign companies investing under a permit from the Myanmar Investment Commission can enter lease agreements with the duration of 50 years, with the possible extension of two terms of 10 years each.
