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Myanmar’s first premium cinema opens in Yangon

The first Premium Cinema in Myanmar was opened by JCGV at Level-1 of Junction Square Shopping Centre in Yangon yesterday. The Premium Cinema promises high-definition video and audio experiences that meet international standard. The cinema will play domestic and foreign films, four times a day, from 10am to 6:30pm and will play one extra time […]

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 […]

Lack of retail offerings in Myanmar yields growth opportunities for investors

Demand for retail space has been on the rise in Yangon, where the population has swelled and living standards are improving. Earlier this year, the government also permitted foreign ownership of local wholesalers and retailers and last month allowed businesses in the sector to trade in a total of 24 products. Ko Nay Min Thu, […]

Grab Partners Shwe Taung to Launch Taxi Terminals

Ride-hailing company Grab will cooperate with Shwe Taung Real Estate to provide Grab taxi terminals at the developer’s shopping centers and office blocks to further expand its presence in Yangon. For Grab, the aim is to make it easier for visitors to Shwe Taung properties, which include malls and office buildings, to book and catch […]

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 […]

Colliers Property Report – Yangon Retail Q2 2017

Retail Market Faces Bright Future Yangon’s retail scene is undergoing modern transformation. Foreign F&B brands, new technologies, and upbeat designs are defining the trend, and the consumers are strongly embracing these new experiences. Colliers sees a shift towards trendier concepts and that a wider variety of product offerings will be essential for retail developments going […]

Myanmar’s mixed messages

“Just jump in any taxi and I’ll tell you what you’re going to see,” says John Lwin, the flamboyant founder of Star Event Production, a local company that has become something of a one-stop-shop for Myanmar’s fledgling fashion industry. “You’ll see a monk in a traditional orange tunic, teenagers wearing jeans, kids playing football wearing […]

Three CityMart Outlets to Accept MPU Cards

Three of Yangon’s 20 CityMart outlets will now accept payment through Myanmar Payment Union (MPU) cards. The three outlets are Myaynigone, Junction Square and 8-mile CityMarts. Daw May Zin Soe Htet, marketing director of City Mart, said, “We have accepted this payment system to provide better service for the customers. MPU card users are now […]

Myanmar Citymart Supermarket chain takes Visa

Shopping is about to become simpler for travellers in Myanmar. City Mart, the country’s largest supermarket chain, has teamed up with Visa and KBZ Bank to roll out card acceptance at selected branches, a first for a supermarket chain in Myanmar. Customers can now pay with their Visa debit and credit cards at City Mart […]

State of Service Office Business in Yangon 2014

by Kevin Heng Introduction Myanmar, formerly known as Burma: the final frontier of foreign investment. A hitherto untapped market of 60 million in between the 2 most populated countries in the world. Such clichéd terms are often thrown around in any article one comes across when one is researching on how to invest in Myanmar. […]