Summary & Recommendations While sales are presently impacted from prolonged lockdown measures, buyers’ preference towards lower tier condominiums appears continually emerging. This has also been recently reinforced with lowering of interest rates by the Central Bank. Meanwhile, given the relatively static unsold inventories, developers are continually encouraged to ramp and speed up sales efforts. This, […]
Colliers Property Report – Yangon office stock Q2 2020
July 22, 2020 by
Summary & Recommendations Yangon’s total leasable area increased by nearly 3% QOQ. As we have noted, most new supply due in H1 2020 was delivered as scheduled. Office construction will not likely witness delays by the end of this year, compared to other property segments of the city. As for leasing decisions, they were relatively […]
Picon Deed – Nay Pyi Taw Property Market Report September 2019
October 13, 2019 by
Matching realistic growth with grand ambition Summary Internationally managed hotels surviving from supply glut International school opens new campus in preparation for embassy relocation Retail malls flourishing Poorly managed hotels struggle with significant vacancies INTRODUCTION There are signs of new growth in Nay Pyi Taw, Myanmar’s administrative capital. The city, which is located approximately halfway […]
Colliers Property Report – Service Apartment Q1 2019
May 15, 2019 by
FUTURE COMPETITION POSES INVESTOR OPPORTUNITIES Summary & Recommendations Owing to the construction delays witnessed in majority of projects across the city, no new serviced apartments were introduced as of Q1 2019. In turn, the average occupancy almost reached 80%. Meanwhile, rental rates across all unit categories have remained generally stable QOQ. Given that competition is […]
Colliers Property Report: Yangon Condominium Quarterly Review Q2 2018
October 5, 2018 by
Developers Remain on the Lookout Paul Ryan Cuevas Analyst | Research & Advisory Developers’ confidence remained downbeat as reflected on the absence of new launches as of Q2 2018. While few select developments have significantly lowered their selling prices, citywide take-up rate further lagged downhill. The introduction of more lower to mid-tier projects […]
Yangon Property Market’s Top End Slowing Down: Report
February 17, 2015 by
Developers of luxury real estate projects in Yangon have reported slowdowns in sales of off-plan residential units in the final quarter of 2014, a research revealed. As a result, some developers chose to lower their prices in Q4 by around $20-$30 per sq ft compared to Q3, suggesting that greater competition and a limited buyer […]
Yangon hotel market continues to boom
June 9, 2014 by
The social and economic reforms that began in Myanmar in 2011 have allowed tourism to flourish in the country. In the former capital city and still the commercial hub, Yangon, international arrivals grew 46% from 550,000 in 2012 to just over 800,000 in 2013. The number of arrivals in Yangon remains relatively small compared with […]
Rich Myanmar people shun Yangon’s property boom to Invest in London
August 7, 2013 by
Burma’s richest citizens are taking their money out of the country and investing in upmarket property in London. While foreign investors queue to get into Asia’s so-called “last economic frontier,” millions of dollars are flowing out and into bricks and mortar in the capital of the former colonial rulers, a survey has disclosed. The volume […]
