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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 […]

Malaysian luxury condos offered to Myanmar buyers

MYANMAR’S per capita annual income, at US$1,204, may be among the lowest in the world, but KAE Alliance believes there are plenty of rich people in Myanmar who can afford a luxury condominium unit outside the country. After offering condos in Singapore in the Myanmar market, the real-estate agency yesterday unveiled some luxury condominiums in […]

New safety rules follow fire at Yangon’s tallest building

The Myanmar Fire Services Department and Yangon City Development Committee have issued new safety instructions for high-rise buildings following a fire that engulfed the top of an incomplete condominium earlier this week. Police arrested the supervisor at the Diamond Inya Palace construction site after the fire started on the 22nd floor of what was set […]