Yangon faces growing pains in real estate

Bangkok

MYANMAR has experienced dramatic changes economically and politically over the past few years. As foreign investors rush to set up shop in the newly opened market, office space in the country's commercial capital is among the most expensive in the world.

In a country where most people earn about two dollars a day, annual rents in Yangon climbed to as much as US$100 per square metre per month in 2013 - more expensive than downtown Manhattan and about four times the going rate for the best business addresses in Bangkok.