Collier Property Report – Yangon Office Q1 2018

Rate Corrections Continue Despite Lack of New Supply Headline lease rates corrected further downwards during Q1 2018 despite the lack of new supply. Occupancy rates, however, improved, particularly in developments which underwent significant price reductions previously. As more international standard office buildings become available Colliers expects rental rates to continue to correct albeit at more […]

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 […]

Myanmar approves Ks 425 billion for new construction projects

The Myanmar government has approved Ks 425 billion (US$ 438 million) to be used for three construction projects in Yangon, sources say. The projects will be implemented over three years, with half of the profits from each project to be shared with Yangon City Development Committee (YCDC). Shwe Taung Junction City Development Co Ltd will […]