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, […]

Collier Property Report – Yangon Serviced Apartment Q1 2018

Competition Eases Amid Lack of New Supply Average rents inched up during Q1 2018 with no new projects introduced. We expect supply to remain limited at least in the immediate future. Colliers, however, sees competition building up gradually with the stock doubling in the next three years. Meanwhile, a recent study revealed that expatriates in […]

Collier Property Report – Yangon Serviced Apartment Q4 2017

Landlords Face New Competition Ahead We expect competition to gradually intensify with supply doubling within the next three years. This will perhaps be more pronounced in the upscale segment. In fact, the entry of higher quality projects in 2017 has already driven rents towards more competitive levels. There is similarly a notable shift in the […]

Property prospects positive for 2018, real estate agents say

Real estate agents believe prospects are looking good for the Myanmar property market in 2018. “Prospects in the real estate market will be brighter this year after the government released the rules to the Condominium Law at the end of last year,” said U Thet Naing Oo, managing director of real estate legal services firm […]

Collier Propety Report – Yangon Service Apartment Q3 2017

Market Seeks Out Quality on a Budget Expatriates seek out international quality serviced apartments but are struggling to strike a balance between quality and affordability. With only a few projects that manage to fit the bill, Colliers sees strong opportunities for good quality but reasonably priced products. Development offerings with limited services also make good […]

Collier Property Report : Yangon Service Apartment Snapshot 1Q2017

Supply Yangon’s total serviced apartment supply stock stood at more than 1,600 units as at the end of Q1 2017. The number is up by 19% compared to the same period in 2016. The overall stock is expected to remain unchanged in the succeeding quarter up until the completion of Lotte Serviced Apartments Yangon in […]