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Colliers Myanmar Flexible Spaces: A New Offering On The Block

Summary & Recommendations Globally, the number of companies opting flexible workspaces has been gradually growing annually and is predicted to reach an unprecedented level in the next three to five years. With four million new businesses being registered worldwide just in one year, flexible spaces are seeing increasing demand from both small-scale enterprises and multinational […]

Colliers Property Report – Yangon Office Q1 2019

Economic Reforms: A Game Changer Summary & Recommendations Myanmar’s macroeconomic performance has continued to experience gains in recent years. Major part of this big leap from 2011 is the easement of sanctions for various key industries. Such liberalisation resulted to a burst of interest from numerous companies and institutions. This has contributed to the upward […]

Colliers Property Report – Myanmar Service Apartment Quarterly Q4 2018

SUMMARY & RECOMMENDATIONS Competition is anticipated to gradually intensify as supply is estimated to double in the next two years. This will perhaps be more noticeable in the upscale segment. Meanwhile, the entry of higher quality projects in 2018 has already driven rents towards more competitive levels. Despite the price correction, affordability remains a key […]

New city development needed to draw foreign investments: Chief Minister

Yangon must be developed further to free up space for new industrial zones and residences, which, in turn, will draw more foreign investors to the city, said U Phyo Min Thein, the region’s chief minister, during an August 24 press conference detailing his government’s plans for the coming quarters. The chief minister this year announced […]

Singapore to invest $316m in housing

The Myanmar Investment Commission (MIC) has allowed two Singapore companies to invest over US$316 million in two Yangon housing projects, according to the Directorate of Investment and Companies Administration (DICA). “A Singapore company will invest US$35 million in a housing project and another firm will invest US$280 million in a separate project,” said an official […]

Expression of Interest – Cooperation with No.16 Heavy Industry (Sinde). Closing Date 4 Apr 2017

Subscribe to our tender alert mailing list Invitation of Expression of Interest (EOI) Cooperation with No.16 Heavy Industry (Sinde) No.1 Heavy Industries Enterprise, Ministry of Industry   No.16 Heavy Industry (Sinde) (to produce Agricultural Equipment & Machinery) under No.1 Heavy Industries Enterprise, Ministry of Industry are intended to cooperate with local (and) foreign entrepreneurs as […]

Condo Law sent back to the drawing board

Weaknesses in the recently completed draft Condominium Law need to be addressed before it can be promulgated, according to officials from the Department of Human Settlement and Housing Department (DHSHD). Although it is targeted to become law this year, some in the industry have pointed to a number of problems with the current draft. Virtually […]

Boeing to assist Myanmar’s Air Mandalay to lease B737 NextGens

Boeing (BOE, Chicago O’Hare) has signed a Memorandum of Understanding with Air Mandalay (6T, Yangon) pledging to assist the Myanmar-based operator in its efforts to source B737 NextGen aircraft via lease. “This memorandum is an important step in our growth strategy,” Dato’ Adam Htoon, principal of Air Mandalay, said “Due to the growth of tourism […]

Myanmar invites tenders to build Thilawa ports

Subscribe to our tender alert mailing list The Myanmar Ports Authority has announced eight construction tenders to construct a general cargo port and a container loading dock using Japanese development aid. The port will be part of the Thilawa Special Economic Zone, an industrial complex south of Yangon, and building is due to start this […]

Myanmar Trade Centre reopens after decade-long closure

The Myanmar Trade Centre will resume its operations and local businesses are expected to lease exhibition and meeting venue, Directorate of Trade, Ministry of Commerce, said yesterday. The MTC was shut down following a bomb explosion in May, 2005. Its reopening is slated for later this month. Business operators can lease the MTC for showcasing […]