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Picon-Deed Report: Mon State Property Market Report January 2020

State set to benefit from strategic position Summary Industrial potential from raw materials and location Growing awareness of tourism potential in the state Strong spending power supports further retail development Hotel development set to continue as Mon State develops further INTRODUCTION Mon State is in a strategic location close to Yangon with sea access, various […]

Colliers Property Report – Yangon Office Stock Q4 2019

Summary & Recommendations A boost in aggregate supply was documented towards the end of 2019, leading the total stock to surpass the 400,000 sq meter mark.This is owed to the recent completion of Times City Office Tower . Amidst the observed deferrals in select developments,Colliers still projects Yangon to witness a notable surge in 2020. […]

Colliers Property Report – Yangon Serviced Apartment Supply Q3 2019

  Summary & Recommendations While the strong influx of foreign investors and expatriates has ultimately facilitated the rental activity in Yangon in the last few years, a number of companies remain challenged by the lean selection of decent quality apartments. More recently, companies are becoming more cautious in terms of managing costs, exerting downward pressure […]

Colliers Property Report – Yangon Office Stock Q3 2019

LEASE RATES TO STABILISE IN THE NEAR TERM Summary & Recommendations Yangon’s building completions have markedly slowed down over the last nine months. In fact, only an addition of roughly 2,580 sq meters (27,770 sq feet) was recorded since the year started. Although the citywide occupancy rate marginally improved due to the limited entry of […]

Colliers Property Report –Yangon Retail Supply Stock Q3 2019

RETAIL ECONOMICS OF THADINGYUT LIGHTING FESTIVAL Summary & Recommendations Citywide occupancy levels remain healthy as at the end of Q3 2019 despite a slight decline resulted from the continuing flight to quality for select tenants. Colliers expects that more innovative trends will persist given the shifting preferences for entertainment features. As retailers and operators start […]

Picon Deed – Nay Pyi Taw Property Market Report September 2019

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 – Upper Scale Hotel Yangon Q2 2019

  LAYING THE WAGER ON THE GAMBLING LAW: OPPORTUNITIES IN GAMING INDUSTRY   Summary & Recommendations No new completion were observed in Yangon’s upscale hotel segment during Q2 2019. Despite the surge of Chinese visitors, majority of upscale hotels continue to experience lower occupancy rates due to the downward trending number of western arrivals. Although […]

Colliers Property Report – Yangon Serviced Apartment Q2 2019

TAKING HEED ON EXPATRIATES’ HOUSING CONSIDERATIONS Summary & Recommendations Since the government commenced a series of economic transformations in 2011, the city has witnessed mounting investment interests coming from numerous companies and institutions. The influx of international companies has ultimately driven foreign manpower requirements skyward. This growth has greatly encouraged strong rental activity in the […]

Colliers Myanmar Flexible Spaces: A New Offering On The Block

Summary & Recommendations Globally, the number of companies opting flexible workspaces has been gradually growing annually and is predicted to reach an unprecedented level in the next three to five years. With four million new businesses being registered worldwide just in one year, flexible spaces are seeing increasing demand from both small-scale enterprises and multinational […]

Colliers Myanmar Mandalay Property Market Review 2018 and Outlook 2019

Summary & Recommendations Mandalay City continues to be a promising investment destination with big-ticket infrastructure and property projects being set in place. Township developments such as the Mandalay Resort City (NMRC), and Ye Dagun Taung mixed-use development, among others, are just some of these projects that will continually shape the city’s growing property landscape. Also, […]