Building a better Condominium Law

Lack of clarity on foreign ownership, land use and building management committees in the Condominium Law are holding back growth in the property market.   By DUNCAN BURRY When the Condominium Law was enacted in early 2016, many hoped it would provide a framework that could spur development in the sector, not least by permitting […]

Collier Property Report : Yangon Condominium Snapshot 1Q2017

Supply The number of condominium units launched in Q1 2017 reached more than 552 – almost equal to the number launched during the same period in 2016. The rise in the units launched were mainly led by Spring Line Residence by Shwe Oak Khai Construction, located in Insein Township with more than 300 units. Future […]

Collier Property Report: Yangon Upper Scale Hotel Snapshot 1Q2017

Supply As of the first quarter of the year, the total upper-scale hotel stock in Yangon remained at around 3,800 rooms. The growth of supply in the upper-scale hotel market appears to have temporarily slowed down with no new hotel developments being completed during Q1 2017. This comes after only a single upper-scale hotel, Melia […]

Collier Property Report : Yangon Service Apartment Snapshot 1Q2017

Supply Yangon’s total serviced apartment supply stock stood at more than 1,600 units as at the end of Q1 2017. The number is up by 19% compared to the same period in 2016. The overall stock is expected to remain unchanged in the succeeding quarter up until the completion of Lotte Serviced Apartments Yangon in […]