Colliers Property Report – Myanmar Hotel Market Report Q3 2020

Summary & Recommendations Despite calls to partially ease travel and flight restrictions amid stricter health and safety protocols, it has become clear that a full recovery is likely to be a tedious process, and the tourism industry, which contributed almost 7% of the total GDP in 2019, may not return to pre-pandemic levels, at least […]

Colliers Property Report – Yangon serviced apartment supply Q3 2020

Summary & Recommendations As of Q3 2020, Yangon’s serviced apartment market witnessed a decline in demand albeit modestly compared to the level a year ago.The overall performance,in fact,appeared more resilient than expected especially in comparison to their hotel counterparts.Moving froward,Colliers sees serviced apartment likely to fare better given its self-contained environment and more personalized offerings […]

Colliers Property Report – Yangon condominium stock Q1 2020

Summary & Recommendations The outbreak that started in Wuhan, China, has now spread to almost 40 other countries, including Myanmar. Its impact on the country, specifically Yangon’s residential market, is unprecedented in terms of the level of uncertainty it has created amongst stakeholders. As it has been a consistent theme over past years, we see […]

Colliers Property Report –Yangon Retail Supply Stock Q4 2019

Summary & Recommendations With the opening of Times City and The Secretariat, Yangon continues to witness retail sector modernisation pivoted on the hybrid of shopping malls and privately occupied public spaces. Meanwhile, the citywide occupancy levels remain healthy as at the end of Q4 2019. Given the shifting preference for entertainment, Colliers expects more innovative […]

Colliers Property Report – Yangon Serviced Apartment Supply Q3 2019

  Summary & Recommendations While the strong influx of foreign investors and expatriates has ultimately facilitated the rental activity in Yangon in the last few years, a number of companies remain challenged by the lean selection of decent quality apartments. More recently, companies are becoming more cautious in terms of managing costs, exerting downward pressure […]

Colliers Property Report – Yangon Serviced Apartment Q2 2019

TAKING HEED ON EXPATRIATES’ HOUSING CONSIDERATIONS Summary & Recommendations Since the government commenced a series of economic transformations in 2011, the city has witnessed mounting investment interests coming from numerous companies and institutions. The influx of international companies has ultimately driven foreign manpower requirements skyward. This growth has greatly encouraged strong rental activity in the […]

Colliers Property Report – Condo Q1 2019

LOWER-TIER PROJECTS MORE ATTRACTIVE Summary & Recommendations The share of pre-selling upscale condominiums remains excessive, driving the overall sales performance to continually dwindle over the past years. In a bid to recuperate buyers’ appetite, most projects now come under pressure to keep sales prices modest. This has become even more pronounced with some developers adjusting […]

Colliers Property Report – Yangon Office Q1 2019

Economic Reforms: A Game Changer Summary & Recommendations Myanmar’s macroeconomic performance has continued to experience gains in recent years. Major part of this big leap from 2011 is the easement of sanctions for various key industries. Such liberalisation resulted to a burst of interest from numerous companies and institutions. This has contributed to the upward […]

Colliers Property Report – Colliers Myanmar Condo Q4 2018

SUMMARY & RECOMMENDATIONS Towards the end of 2018, the citywide take-up rate remained below the 60% mark. Given the relatively poor sales performance of majority of condominium projects in Yangon, we embolden developers to start expanding their target market and introduce more low and mid residences. We predict that lower-tier but modern apartments and condominiums […]

Colliers Property Report – Myanmar Service Apartment Quarterly Q4 2018

SUMMARY & RECOMMENDATIONS Competition is anticipated to gradually intensify as supply is estimated to double in the next two years. This will perhaps be more noticeable in the upscale segment. Meanwhile, the entry of higher quality projects in 2018 has already driven rents towards more competitive levels. Despite the price correction, affordability remains a key […]