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Yoma Land rebrands housing projects to push sales

Yoma Land last week held an event to promote and sell units at three of its projects: StarCity, Galaxy Towers and Lotus Hill in Pun Hlaing Estate. The projects were branded as special lifestyle residential homes equipped with spacious landed compounds, full services and facilities. This attracted the interest of local and foreign buyers, said […]

Buyers have the upper hand in beleaguered condo market

The Myanmar condominium market has developed considerably on the back of changing demand trends in recent years. These days, buyers are looking beyond location and price. They’re now taking size, nearby amenities and resale value into account when purchasing a new condo. The evolving trends could jumpstart growth in the ailing condo market and mark […]

Myanmar is new frontier for Japanese condo developer

YANGON — Japanese housing developer Tama Home will establish a condominium joint venture in Myanmar in a bid to attract rising ranks of higher-income buyers. Tama Home and local partner Kakehashi Real Estate Group will set up the new company, which will serve as the lead contractor on projects. Construction has started on a 541-sq.-meter […]

Collier Property Report – NGWE SAUNG HOTEL & RESORT 2017

Mid-scale Hotels Dominated the Market It was not until the easing of sanctions in 2011 that the pristine coastline of Ngwe Saung gained traction from both domestic and foreign travellers. Ngwe Saung remains an attractive holiday spot for most locals, especially families based in Yangon. Demand appears to be positive with year-round hotel occupancy and […]

Property prospects positive for 2018, real estate agents say

Real estate agents believe prospects are looking good for the Myanmar property market in 2018. “Prospects in the real estate market will be brighter this year after the government released the rules to the Condominium Law at the end of last year,” said U Thet Naing Oo, managing director of real estate legal services firm […]

Golden City opens grade-A office tower in Yankin

Golden City officially opened Golden City Business Center (GCBC),which is a four-storey office tower in Yankin township, Yangon, on October 17. The development has a net leasable area of around 150, 000 sq ft. Office rooms of around 1,044 sq ft to 12,755 sq ft in size are available for long term leases. Golden City […]

Rents ‘Surge’ as Retailers Lease Shop Space in Yangon at ‘Unprecedented’ Levels

The retail rental sector in Yangon had an impres­sive run in the first few months of this year as the amount of occupied shop space reached “unprec­edented levels” and rents grew at the fastest rate re­corded to date, real estate analysts have said. Occupancy rates hit 94.6 percent in the first three months of 2017, […]

Yangon’s real estate challenge

After a pause while investors awaited the outcome of elections, the property market in Myanmar’s biggest city is picking up again, but some sectors will do better than others. Myanmar has experienced dramatic changes economically and politically over the past few years. As foreign investors rush to set up shop in the newly open market, […]

Buyers Remain Cautious as Condominium Law Approved By Parliament

Burma’s outgoing Union Parliament on Friday approved a new Condominium Law, clarifying some property regulations and making 40 percent of units available for foreign purchase. Three years in the making, the law is expected to breathe new life into a stagnating real estate market, though industry professionals predict foreign investors still await more reform. Under […]

Yangon Office Space Set to Double as Rent Holds Steady

Yangon’s office space is predicted to more than double last year’s total, reaching over 240,000 square metres by the end of 2015, more than double last year’s total area of 107,864 square metres, according to a report from American real estate services organisation Colliers International. According to the report, 2015 will see the fastest growth […]