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Colliers Property Report: Yangon Condominium Quarterly Review Q2 2018

    Developers Remain on the Lookout Paul Ryan Cuevas Analyst | Research & Advisory Developers’ confidence remained downbeat as reflected on the absence of new launches as of Q2 2018. While few select developments have significantly lowered their selling prices, citywide take-up rate further lagged downhill. The introduction of more lower to mid-tier projects […]

MTSH reiterates plans to invest in Kyaukphyu, Thilawa

Myanmar Thilawa SEZ Holdings (MTSH), which is listed on the Yangon Stock Exchange (YSX), has plans to invest in two of the three special economic zones (SEZ) in Myanmar. These include the deep sea port project in Kyaukphyu, Rakhine, and a multi-modal logistics hub in Thilawa, Yangon. It will also invest in the Myitkyina Economic […]

Lack of retail offerings in Myanmar yields growth opportunities for investors

Demand for retail space has been on the rise in Yangon, where the population has swelled and living standards are improving. Earlier this year, the government also permitted foreign ownership of local wholesalers and retailers and last month allowed businesses in the sector to trade in a total of 24 products. Ko Nay Min Thu, […]

Hotel occupancy rate along Ngapali beach declines by 11 percent

Although there have been more than 900 hotel rooms along the Ngapali Beach in Thandwe, Rakhine State, decreased number of visitors made the average occupancy rate decline by 11 percent in 2017 compared to the previous year, according to a property report (2017) published by Colliers International (Myanmar) based in Canada. Last year saw only […]

Car park regulations are stunting the Yangon condo market: Colliers

While the passing of the Condominium Law and its related rules is positive for the condo market in Yangon, the city’s car park regulations are the biggest barriers to growth in the market, said Mr Tony Picon, founder and director of Colliers International Myanmar, during a recent seminar on the Condominium Law and Rules hosted […]

Infrastructure development critical for Myanmar to woo investors, forum hears

SINCE MYANMAR’S lack of adequate infrastructure may deter potential investors, the government must urgently bring infrastructure development into focus, according to the Myanmar Infrastructure Forum held on Friday. The government’s clear decisions would drive the future of Myanmar, said Teo Eng Cheong, CEO International of Singapore, North Asia and Southeast Asia at Surbana Jurong Private […]

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 […]

Transport and energy access barriers to Myeik industrialisation

The city in Tanintharyi Region amounts to far more than the gateway to over 800 islands of the archipelago. Access to energy and transport infrastructure remain the biggest barrier for industrialisation to take off in the city and its hinterland. The latest Colliers International report stated that Myeik has made great strides over the past […]

Car Parking Requirements Add to Continuing Woes

The condominium market in Myanmar’s commercial capital remained sluggish in the first quarter of 2017 with lacklustre sales being recorded for most projects, according to the latest report by Colliers International Myanmar. According to The Htet Oo, research and advisory assistant manager at Colliers International, the number of condominium units launched in the first quarter […]

Yangon high-rise review divides officials

  The chair of Yangon Region parliament’s economic committee has spoken out in support of developers, after they were ordered by a separate committee to change their project designs as part of a city-wide review of high-rises under construction. Daw Sandar Min, who heads the regional Finance, Planning and Economic Committee, said developers had suffered “enormous […]