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Property market in Myanmar expected to stay flat till 2020

Myanmar’s property market has been lacklustre since 2015 and this situation is expected to continue until next year, said U Myo Myint, general secretary of the Myanmar Construction Entrepreneur Association during an industry discussion in Yangon last week. “This is the current situation. However, what is good is that there will be no worsening in […]

Ushering in a new era for bamboo buildings

Easily obtainable from the jungle, bamboo has many uses, for household goods, roofs, walls and shelters dating back to ancient history. As a building material, it is affordable even for the poor. Enter Ko Soe Win Zaw, a civil engineer born in Shan State, who is using bamboo to construct buildings for the rich. The […]

Mine Lar’s Sut Lway jetty seeks to shed its bad image

Hidden deep in the forest about 250 kilometres from the notorious sin city of Mine Lar in Shan State is the decrepit Sut Lway jetty on the Mekong River. Despite its tumble-down appearance, Sut Lway is the gateway for an illicit trade in luxury motor vehicles and other goods that make their way into Mine […]

Glamping arrives in Mergui Archipelago

It’s a case of ‘take only photos and memories, leave only footprints’ at the newest five-star resort in the remote Mergui Archipelago, off the coast of southern Myanmar and Thailand. With its opening listed as among the most highly anticipated by luxury lifestyle Robb Report and Luxury Travel magazine, Awei Pila (aweipila.com) received its first […]

Mandalay’s challenging road to becoming a smart city

At the 32nd ASEAN Summit in Singapore in April, Singaporean Prime Minister Lee Hsien Loong called for an ASEAN Smart Cities Network to assist smart and sustainable development in 26 cities in ASEAN. Earlier this month, a list of the 10 most promising cities among the 26 was highlighted by Cristina Lago, online editor of […]

Colliers Property Report – Yangon Service Apartment Q3 2018

SUMMARY & RECOMMENDATIONS Since Q4 2017, no new projects were introduced. During the past four quarters, Yangon only witnessed renovation and expansion initiatives from the already existing developments. In turn, as at the end of Q3 2018, the citywide occupancy rate managed to rise above 84%. Conversely, rental rates across all unit categories have marginally […]

Hotel expansion continues in Yangon

More hotels are on the way in Myanmar’s commercial capital, Yangon, despite a sluggish tourism performance over the last two years due to the on-going Rohingya crisis. Developers at the luxury end of the market appear undeterred by the drop in European tourists believing business and luxury travel segments will continue to grow. But tour […]

Awei Pila, Luxury Resort to Open in Myanmar’s Mergui Archipelago

Awei Pila, an exclusive resort set on a remote tropical island in Myanmar’s Mergui Archipelago, will open its doors to guests on December 15. Owned by the Yangon-based Memories Group, the newly constructed property on the secluded island of Pila will feature 24 air-conditioned tented villas fronting a white-sand beach, an open-air restaurant, and spa. […]

Business Community Counters Gov’t Reasons for Kyat Depreciation

While Myanmar’s government has blamed currency manipulation and the trade war between the United States and China for the record depreciation of the kyat against US dollar, business circles are pointing out the Myanmar government’s mismanagement and the Central Bank of Myanmar’s poor performance. The kyat-dollar exchange rate has increased steeply from 1,344 kyats per […]

What is single origin coffee and why you just know about the Shan State Kyauk Kuu Pyin

In the world of scotch whisky, the term “single malt” has a very special meaning, one that is often revered (perhaps to a fault) by both those in and out of the know. For better or for worse, the term has become synonymous with quality. The reverence attached to it is sort of silly; there […]