We are glad to share to everyone our Group CEO’s Brief. The following brief is only his general opinion and information. The brief must not be constructed as an advice or constructed as an advice or constructed to be a critic to any individual or article.
Transparency, Accountability and Services from the developer is key to Real Estate Buyers. Real Estate Buyers in Yangon (Myanmar) are no longer ignorant because of the revolution in digital media - the buyers today are more informed and have more choices. Consequently, the Real Estate Developers and apartment owners must provide more channels and to provide services that are both broad and specific to the Real Estate Buyers.
“To Create a transparent chain of industry accountability” – I am a strong believer in this statement – A statement that can shape everyone’s future. In Myanmar, the general public believe that everything is beyond their control (interest rates are too high, choices in the market is too high, some of the available choices in the market is not compliant and to further add to the negativity the government’s committal). Developers must accept the fact that they don’t create the market—they ONLY respond to it. Being a developer means recognizing that the key responsibility is to create and to build sustainable development/properties regardless of outside forces.
The general outlook in Myanmar’s economy is gloomy – some went on to blame the gloominess on the government’s lack in effective policies to stimulate the economy. There are many reasons to the gloominess but I encourage everyone to believe that Myanmar shall prevail better than any other country especially with the “not able to end” Trade War between US and China; and Britain’s ongoing tussle with Brexit.
The slow build up in Myanmar can be agonising and testing to many industry owners, but the slow build up can be an advantage to the micro build up in Myanmar.
Royal Era shall prevail with its focus on affordable homes in strategic location to bring to our friends and to the public – OUR PARTNERS. You are OUR PARTNERS.
Royal Era established in 2015. Royal Era focus on middle class affordable residential and mid end commercial space.
The board of directors of Royal Era is committed to bring sustainable and new arena to the middle class developments.
These developments shall provide the window to connect affordability and on the other hand investment opportunity to the young enterprising community in Myanmar.
Between 2019 and 2020, we shall bring for new developments in Yangon.