Colliers Property Report – Yangon office stock Q2 2020

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 […]

Colliers Property Report – Yangon condominium stock Q1 2020

Summary & Recommendations The outbreak that started in Wuhan, China, has now spread to almost 40 other countries, including Myanmar. Its impact on the country, specifically Yangon’s residential market, is unprecedented in terms of the level of uncertainty it has created amongst stakeholders. As it has been a consistent theme over past years, we see […]

Colliers Property Report –Yangon serviced apartment supply Q1 2020

Summary & Recommendations As more and more townships in Yangon go into lockdown as a result of COVID-19, the serviced apartment sector is expected to experience a long stall in demand and possible decline in occupancy given recent repatriation of many expatriates. This downward pressure will be further exacerbated by a significant increase in supply […]

Colliers Property Report –Yangon Retail Supply Stock Q4 2019

Summary & Recommendations With the opening of Times City and The Secretariat, Yangon continues to witness retail sector modernisation pivoted on the hybrid of shopping malls and privately occupied public spaces. Meanwhile, the citywide occupancy levels remain healthy as at the end of Q4 2019. Given the shifting preference for entertainment, Colliers expects more innovative […]

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 […]