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Inle Lake Hotel Proposal Denied

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

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

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 […]

Developers to challenge results of high-rise review

High-rise developers ordered to drastically change the designs of their projects are planning to challenge the government, on the basis that its review of Yangon developments was not transparent. A high-rise inspection committee was formed last month to review 64 unfinished projects across the city, to ensure they were in line with draft zoning plans. The committee […]