Collier Property Report – CONDOMINIUM Q4 2017

Developers Downplay Launches No new launches were witnessed as of end-2017, perhaps owing to the continuous wilting of Yangon developers’ optimism over the market’s current condition. While this year’s take-up per quarter trailed an upward route, Colliers believes that developers still need to reconsider their strategies. If the goal is to realize a sustainable improvement […]

Collier Property Report – UPPER-SCALE HOTEL Q4 2017

New Supply to Bolster Pressure in the Market Yangon’s upper-scale hotel segment has trailed a bumpy road as of Q4 2017. Occupancy levels continue to weaken despite further reductions in the average daily rates. To gain leverage over the already stiff competition, Colliers advises hotels to continually differentiate and shape their offerings in line with […]

Collier Property Report – Yangon Serviced Apartment Q4 2017

Landlords Face New Competition Ahead We expect competition to gradually intensify with supply doubling within the next three years. This will perhaps be more pronounced in the upscale segment. In fact, the entry of higher quality projects in 2017 has already driven rents towards more competitive levels. There is similarly a notable shift in the […]

Collier Property Report – Yangon Retail Q4 2017

A Focus on Tenant Diversity The retail sector closed 2017 with a high occupancy rate of 95%. Average lease rates continued to grow at a high single digit year-on-year. Growth is seen to continue albeit at a somewhat modest pace. In the meantime, we expect developers to continually improve their offerings. Besides adopting modern global […]

Collier Property Report – Yangon Office Q4 2017

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, […]

Collier Property Report – Mandalay PROPERTY MARKET 2017

Key Strategic City on the Rise Getting its fair share of modern developments, Mandalay’s property market is moving ahead, while the growth potential remains promising. In fact, master-planned development is seen as an attractive concept, and Colliers predicts more developers are likely to join the bandwagon. We advise future projects to offer an upgrade in […]

Collier Property Report – Yangon CONDOMINIUM Q3 2017

Affordability Remains Unadressed Over the last two quarters, the market has witnessed a slight uptick in demand following extensive pricing promotions for many projects. While this has buoyed overall sales take-up, Colliers sees the performance as temporary, and the strategy as financially unsustainable. We advise developers to look long term instead. Future projects should generally […]

Collier Property Report – Yangon Upper Scale Hotel Q3 2017

Alternative Strategies to Counter Headwinds Market competition is stiff amid the recent decline in total foreign arrivals in Yangon but shows promise with an increase in foreign business travellers. While supply is set to rise substantially over the next few years, we expect average daily rates to trend downwards. Upper-scale hotels therefore need alternative solutions […]

Collier Propety Report – Yangon Service Apartment Q3 2017

Market Seeks Out Quality on a Budget Expatriates seek out international quality serviced apartments but are struggling to strike a balance between quality and affordability. With only a few projects that manage to fit the bill, Colliers sees strong opportunities for good quality but reasonably priced products. Development offerings with limited services also make good […]

Collier Propety Report – Yangon Retail Q3 2017

Retail Market Gains Further Momentum Yangon continues to shift towards retail modernisation. In fact, the opening of St. John City Mall and Junction City Shopping Mall defined further quality improvements over the recent quarters. Given robust demand, Colliers expects that supply will build up and more innovative trends will persist. We see especially strong growth […]