Rate Corrections Continue Despite Lack of New Supply Headline lease rates corrected further downwards during Q1 2018 despite the lack of new supply. Occupancy rates, however, improved, particularly in developments which underwent significant price reductions previously. As more international standard office buildings become available Colliers expects rental rates to continue to correct albeit at more […]
Collier Property Report: Yangon Office Q2 2017
August 4, 2017 by
Economic Liberalisation, Key to Unlocking Growth Potential The long-term market prospects are promising as the government rolls out new economic policies that could further liberalise the market. As of Q2 2017, Yangon’s annual net take-up rate continued to trend constantly upwards and Colliers‘ projection seems on track with more than 80,000 sq m (860,000 sq […]
Epic state auction hushes market
May 22, 2015 by
The big sell-off has finally arrived. The Privatisation Commission, charged with auctioning state-owned enterprises, on February 13 released a list of 268 sites that will be sold off nationwide, with a final bid submission date of February 24. There are 157 properties in Yangon up for grabs, including many in Bahan, Yankin, Insein, Hlaing, Mayangone, […]
Myanmar retail rental rising
August 12, 2013 by
The rising price of rent for Yangon’s street-level shops is being driven by an influx of potential tenants, with some locations demanding six-fold increases from two years ago, store owners say. They said that rapidly rising rental costs are eating into their profits, but constant demand for prime locations is expected to keep commercial rents […]
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