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RE/MAX opens office in Myanmar

RE/MAX Myanmar aims to recruit agents to service the growing property market.

Real estate company RE/MAX has opened an office in Myanmar to tap on the country's growing property market.

Real Centre Holdings' owner Ken Lim acquired the RE/MAX master franchise for Myanmar back in January this year, and the first franchise office was sold in July.

Lim, who is also the master franchisor of the RE/MAX brand in Singapore, said the Myanmar expansion is a logical one for the US-based firm.

He cited a 2016 Asian Development Bank report, which forecasted that Myanmar's economy is expected to grow by 8.4 percent this year on the back of "recovery in agriculture and increased investments". This puts it ahead of other countries in the ASEAN region.

Said Lim: "Increased investments means more infrastructure and housing projects will be in the pipeline. That in turn means demand for real estate professionals who know the ins and outs of the business, and are able to handle domestic and global property transactions as foreign investments pour in."

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