While strolling around Yangon’s city centre recently and reading news alerts about the US-China trade war, something caught my eye at Kantharyar Centre across from Kandawgyi Lake. It was a sales gallery at the new shopping centre displaying SUVs and sedans. What caught my attention was the brand of SUV most prominently displayed: Gold AYA […]
Colliers Property Report – Yangon Office Market Quarterly Report Q4 2018
January 18, 2019 by
Insurance industry to buoy office market Summary & Recommendations As at the end of 2018, the citywide occupancy breached the 70% mark. Though this is healthy, Colliers has noted the sluggish pace of absorption during H2 2018. While demand appears currently held back given the recent market situation, Colliers remains optimistic that office space requirements […]
Tom n Toms plans Myanmar expansion
January 14, 2019 by
South Korean Cafe chain Tom n Toms has started to launch outlets in Myanmar. Tom n Toms Myanmar has opened two locations in Yangon so far, at the international airport and the Kantharyar Centre, with a third planned for Yankin Township. Information from Myanmar International Business Alliance Company operation director Aung Sithu Khant revealed a […]
Collier Property Report – Yangon Office Q4 2017
February 22, 2018 by
Competition Exerts Downward Rental Correction There has been a pronounced correction in headline rents. Given the increase in competition and the entry of better-quality projects, landlords are now willing to lower prices to reasonable levels. In fact, older offices, which previously commanded premium rates, have begun adjusting rents appropriate to their quality and offerings. Meanwhile, […]
Colliers Property Report – Yangon Office Q3 2017
October 31, 2017 by
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 […]
