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 […]

Colliers Property Report – Yangon Office Q3 2017

Upward Trending Demand amid Stabilised Rents Demand for office space has improved over each of the last five quarters as rents have stabilised at competitive levels. As of Q3 2017, the average occupancy rate reached more than 70%, a level last seen in 2015. Looking forward, economic reforms such as the new Myanmar Investment Law […]

Colliers Property Report: Yangon Upper-Scale Hotel Q2 2017

Creative Solutions Needed In a Challenging Market Landscape The sizeable rise in new supply is now taking a toll on Yangon’s upper-scale hotel market. Despite previous attempts to reduce ADRs, occupancy levels continue to trend downward. Colliers recommends developers to rethink with creative strategies and focus instead on enhancing the overall experiential value. Forecast at […]

Colliers Property Report: Yangon Serviced Apartment Q2 2017

Lower-tier modern developments gaining popularity Lower tier but modern projects are gaining more traction while movements from older and poorly maintained serviced apartments are becoming more apparent. In general, housing budgets remain a key consideration among many businesses and Colliers continuous to urge developers to veer away from upscale offerings, and rather focus on more […]

SHL Eyes Myanmar Affordable Housing Market

KUALA LUMPUR (Aug 24): SHL Consolidated Bhd’s joint venture (JV) with Japan-based Marubeni Corp is looking at tapping into Myanmar’s affordable housing market, in line with their business venture across the Association of Southeast Asian Nations (Asean) region. SHL executive director Datuk Seri Yap Chong Lee said the JV planned to leverage areas where Marubeni […]

Thiri Mingalar Shut-Down Order Draws Focus on Yangon’s Traffic, Car-Park Shortage Problems

Car brokers are lobbying for the government to provide an alternative compound at Mingalardon Township that is large enough and conducive for them to do business. This, after the Yangon City Development Committee (YCDC) ordered the Thiri Mingalar car centre in Ahlone Township shuttered on August 16. In fact, plans for such a compound to […]

Car brokers decry decision to close the Thiri Mingalar car sales centre

The Yangon City Development Committee (YCDC) on Thursday announced the closure of the Thiri Mingalar car sales centre in Ahlone township as it is a dangerous building, but the car brokers are criticizing the decision. It is difficult to relocate on short notice, there are many cars in the centre and they are facing parking […]