In response to opposition from locals, the President’s Office has agreed not to proceed with an Inle Lake hotel project proposed by the son of former dictator Than Shwe. Last September, the President’s Office received a petition signed by more than 4,000 lakeside residents opposing plans by the Myanmar Naing Group, owned by U Tun […]
Colliers Property Report – Myanmar Hotel Quarterly Q4 2018
February 19, 2019 by
SUMMARY & RECOMMENDATIONS No new completions were observed in Yangon as of Q4 2018. Few select developments that were anticipated to open during the quarter have seen limited construction developments. In turn, increases on both occupancy and ADR levels transpired. Nonetheless, hotel investments in Yangon continue to surge as supported by the new government policies […]
Collier Property Report – Yangon Office Q1 2018
April 23, 2018 by
Rate Corrections Continue Despite Lack of New Supply Headline lease rates corrected further downwards during Q1 2018 despite the lack of new supply. Occupancy rates, however, improved, particularly in developments which underwent significant price reductions previously. As more international standard office buildings become available Colliers expects rental rates to continue to correct albeit at more […]
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