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 […]

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 […]

Colliers Property Report: Yangon Serviced Apartment Q2 2017

Lower-tier modern developments gaining popularity Lower tier but modern projects are gaining more traction while movements from older and poorly maintained serviced apartments are becoming more apparent. In general, housing budgets remain a key consideration among many businesses and Colliers continuous to urge developers to veer away from upscale offerings, and rather focus on more […]

Rental: The Key to Myanmar’s Real Estate Sector

With the current market situation, the purchase of completed units can be an asset for an early rental and return of investment. Rental can be one of the encouraging reasons for investors to purchase assets in real estate market in Myanmar. According to the Myanmar Real Estate Services Association, rentals in Yangon are very active […]

Golden City denies Toener link

Luxury condominium and hotel project Golden City has denied any involvement with Chinese firm Toener Investment Group, which lists Golden City as a real estate project on its website. Golden City released a public statement yesterday in response to an article in this paper on June 15, “Chinese group to develop 31-acre luxury complex in Yangon”, which […]

Chinese group Toener to develop 31-acre luxury complex in Yangon

The Chinese investors behind a major residential project in Yangon are preparing to launch another huge development on a 31-acre site beside the city’s Hlaing River. The Riverfront Garden sales gallery has already been built beside the Hlaing River. Photo: Riverfront Garden / FacebookThe Riverfront Garden sales gallery has already been built beside the Hlaing […]

Ex-swimmer Daphne Teo makes waves in Myanmar real estate

Investing in a new market can be risky business, but former national swimmer Daphne Teo is no stranger to diving into the deep end. Ms Teo, now chief investment officer of D3 Capital, is overseeing the development of a mixed-use luxury project that boasts some of Myanmar’s tallest skyscrapers. Called Golden City, the project in […]

Harnessing investment into Yangon’s development

The construction market has slowed considerably in Yangon over the past year but developers hope that good times for the industry will return under the new government. When the Union Solidarity and Development Party first took power, development boomed, with high-rises, flyovers, bridges and luxury condominiums built at speed, fuelled by both foreign and local investment. For the […]

Ministries to hold power over BOT condominium sales

Foreign investors will be able to buy condominium units in build-operate-transfer (BOT) projects on ministry-owned land if the ministry is willing to register the project, officials said yesterday. The Condominium Law passed last month opens the real estate market to foreign buyers for the first time, but makes no mention of BOT developments. This has […]