Colliers Property Report – Colliers Myanmar Condo Q4 2018

SUMMARY & RECOMMENDATIONS Towards the end of 2018, the citywide take-up rate remained below the 60% mark. Given the relatively poor sales performance of majority of condominium projects in Yangon, we embolden developers to start expanding their target market and introduce more low and mid residences. We predict that lower-tier but modern apartments and condominiums […]

Kanbae Towers Aims for New 2019 Deadline After High-Rise Halt Delays

The developers of the Kanbae Towers project, five high-rise buildings featuring condos and retail space east of Inya Lake in Yan­gon, are planning to com­plete construction in just over two years. A representative from the sales department for the project, backed by China’s Toener Invest­ment, said the company was aiming for a July 2019 deadline. […]

Chinese-backed condominium project launches in Yangon

Chinese group Toener Investment has launched sales of a new five-tower condominium project in Yangon’s Yankin township known as Kanbae Towers. Units in the development, which will be built on 2.2 acres of land on Kanbae Road, went on sale in late March. Construction began in the middle of last year and the project is […]