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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 […]

Tom n Toms plans Myanmar expansion

South Korean Cafe chain Tom n Toms has started to launch outlets in Myanmar. Tom n Toms Myanmar has opened two locations in Yangon so far, at the international airport and the Kantharyar Centre, with a third planned for Yankin Township. Information from Myanmar International Business Alliance Company operation director Aung Sithu Khant revealed a […]

Collier Property Report – Yangon Office Q4 2017

Competition Exerts Downward Rental Correction There has been a pronounced correction in headline rents. Given the increase in competition and the entry of better-quality projects, landlords are now willing to lower prices to reasonable levels. In fact, older offices, which previously commanded premium rates, have begun adjusting rents appropriate to their quality and offerings. Meanwhile, […]

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 […]

Wyndham Hotel Group Launches First Project in Myanmar

​​ One of the world’s largest hotel chains, the Wynd­ham Hotel Group, has launched its first project in Myanmar, a Tryp-branded hotel in Yangon’s Mayangon Township. The Yangon hotel is the first Tryp in Southeast Asia and the second in the Asia-Pacific region after Brisbane, Australia. Other cities with Tryp hotels include New York, Paris, […]