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 […]

Colliers Property Report – Yangon Office Market H2 2015

Research & Forecast Report Yangon | Office Market H2 2015 Market Indicators Yangon office stock ended at over 230,000 sq m of leasable space in 2015, more than twice the previous year. The pipeline remains healthy with more than 100,000 sq m of office space to be introduced annually in the next three years. The […]

New location for cancelled Shwedagon project

  The Myanmar Investment Commission has given Marga Landmark approval to build its mixed-use project on a new site, after the president called off the Hong Kong-based developer’s project last year, deeming the initial location too close to Shwedagon Pagoda. The project will now be built on 17.7 acres at the corner of Kabar Aye […]

Myanmar Plaza open for business

A new commercial centre has opened in Yangon, one peg of a Vietnam-backed construction project that will eventually encompass a five-star hotel and five blocks of residential housing. Myanmar Plaza – part of the HAGL Myanmar Centre now under construction on Kabar Aye Pagoda Road – opened for business on December 5. The HAGL Myanmar […]

Upper Scale Hotel Market in Yangon 1H, 2015

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Research & Forecast Report Yangon | Upper Scale Hotel Market 1H 2015 Stronger supply pipeline despite less enthusiastic demand A total of 489 upper-scale hotel rooms were delivered in the 1H 2015 following the completion of two new […]

HAGL begins presales of residential towers

HAGL Myanmar has begun presales for its 32-storey residential buildings, as it nears finishing its first phase of office space and a hotel. The HAGL Myanmar Centre on Kabar Aye Pagoda Road near Inya Lake and the Sedona Hotel is owned by Vietnam’s Hoang Anh Gia Lai. Earlier this year, the entire project was valued […]

After Partner Bows Out, HAGL Considers Working Alone

Vietnam’s Hoang Anh Gia Lai (HAGL) Group will currently not search for investment partners and will continue to operate on its own investments, the company’s chief executive Vo Truong Son said. “We are going to operate with our own investment and will not spend resources searching for additional investors. In the future, we will welcome […]

Upper Scale Hotel Market in Yangon 4Q, 2014

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Research & Forecast Report Yangon | Upper Scale Hotel Market 4Q 2014 Planned influx of foreign operators as tourism sector continues to grow The number of upper-scale hotel rooms in Yangon is expected to grow significantly as over […]

Rowsley to invest US$275 million in tie-up to develop Myanmar project

Rowsley Ltd, a listed real estate and investment firm part-owned by billionaire Peter Lim, has entered into an agreement with Vietnam’s Hoang Anh Gia Lai Joint Stock Company (HAGL) to jointly develop a mixed-use development in Yangon, Myanmar. Rowsley said that under a heads of terms agreement signed on Thursday, it will invest US$275 million […]