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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, […]

Colliers Property Report – Condo Q1 2019

LOWER-TIER PROJECTS MORE ATTRACTIVE Summary & Recommendations The share of pre-selling upscale condominiums remains excessive, driving the overall sales performance to continually dwindle over the past years. In a bid to recuperate buyers’ appetite, most projects now come under pressure to keep sales prices modest. This has become even more pronounced with some developers adjusting […]

Colliers Property Report – Service Apartment Q1 2019

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 – Retail Q1 2019

GROWING MOVIE GOERS: A STIMULI TO RETAILTAINMENT Summary & Recommendations As of Q1 2019, the citywideaverage occupancy rate remained at 90% with major shopping malls maintaining almost full occupancy rates. Meanwhile, Colliers anticipates 2019 to have an additional supply of more than 10,000 sq meters. This should continue to encourage tenants’ flight to quality as […]

Colliers Property Report – Yangon Office Q1 2019

Economic Reforms: A Game Changer Summary & Recommendations Myanmar’s macroeconomic performance has continued to experience gains in recent years. Major part of this big leap from 2011 is the easement of sanctions for various key industries. Such liberalisation resulted to a burst of interest from numerous companies and institutions. This has contributed to the upward […]

Colliers Property Report – Colliers Myanmar Condo Q4 2018

SUMMARY & RECOMMENDATIONS Towards the end of 2018, the citywide take-up rate remained below the 60% mark. Given the relatively poor sales performance of majority of condominium projects in Yangon, we embolden developers to start expanding their target market and introduce more low and mid residences. We predict that lower-tier but modern apartments and condominiums […]