Upward Trending Demand amid Stabilised Rents Demand for office space has improved over each of the last five quarters as rents have stabilised at competitive levels. As of Q3 2017, the average occupancy rate reached more than 70%, a level last seen in 2015. Looking forward, economic reforms such as the new Myanmar Investment Law […]
Colliers Property Report: Yangon Serviced Apartment Q2 2017
August 28, 2017 by
Lower-tier modern developments gaining popularity Lower tier but modern projects are gaining more traction while movements from older and poorly maintained serviced apartments are becoming more apparent. In general, housing budgets remain a key consideration among many businesses and Colliers continuous to urge developers to veer away from upscale offerings, and rather focus on more […]
Colliers Property Report – Yangon Office Market H2 2015
March 24, 2016 by
Research & Forecast Report Yangon | Office Market H2 2015 Market Indicators Yangon office stock ended at over 230,000 sq m of leasable space in 2015, more than twice the previous year. The pipeline remains healthy with more than 100,000 sq m of office space to be introduced annually in the next three years. The […]
Myanmar Plaza open for business
December 10, 2015 by
A new commercial centre has opened in Yangon, one peg of a Vietnam-backed construction project that will eventually encompass a five-star hotel and five blocks of residential housing. Myanmar Plaza – part of the HAGL Myanmar Centre now under construction on Kabar Aye Pagoda Road – opened for business on December 5. The HAGL Myanmar […]
Upper Scale Hotel Market in Yangon 1H, 2015
August 14, 2015 by
Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Research & Forecast Report Yangon | Upper Scale Hotel Market 1H 2015 Stronger supply pipeline despite less enthusiastic demand A total of 489 upper-scale hotel rooms were delivered in the 1H 2015 following the completion of two new […]
Upper Scale Hotel Market in Yangon 4Q, 2014
February 24, 2015 by
Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Research & Forecast Report Yangon | Upper Scale Hotel Market 4Q 2014 Planned influx of foreign operators as tourism sector continues to grow The number of upper-scale hotel rooms in Yangon is expected to grow significantly as over […]
Rowsley to invest US$275 million in tie-up to develop Myanmar project
February 17, 2015 by
Rowsley Ltd, a listed real estate and investment firm part-owned by billionaire Peter Lim, has entered into an agreement with Vietnam’s Hoang Anh Gia Lai Joint Stock Company (HAGL) to jointly develop a mixed-use development in Yangon, Myanmar. Rowsley said that under a heads of terms agreement signed on Thursday, it will invest US$275 million […]
