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Colliers Property Report – Yangon Office Market Quarterly Report Q4 2018

Insurance industry to buoy office market Summary & Recommendations As at the end of 2018, the citywide occupancy breached the 70% mark. Though this is healthy, Colliers has noted the sluggish pace of absorption during H2 2018. While demand appears currently held back given the recent market situation, Colliers remains optimistic that office space requirements […]

Vietnam’s Hoang Anh Gia Lai signs agreement with Spanish company for Yangon hotel

Vietnam-based Hoang Anh Gia Lai and Spanish Melia Hotels International have signed an agreement to jointly operate a five-star hotel that will soon open in Yangon. A signing ceremony was held at Yangon’s Sedona Hotel, attended by Htay Aung the Union Minister for Hotels and Tourism. Melia Hotels will only take care of managing part […]

Hotel investment reaches US$2.7bn

Foreign investment in the hotel sector has reached US$2.7 billion, Htay Aung, minister for hotels and tourism, said at a cooperation signing ceremony between Hoang Anh Gia Lai Myanmar and the Spain-based Melia Hotels International. “There are 47 hotels invested by foreign investors,” he said. Hotel investment is largely coming from Singapore, Vietnam, Thailand, Hong […]