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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 […]

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 […]

Police Crackdown on Counterfeit Smartphones

After successfully conducting the largest counterfeit smartphone bust in Yan­gon history, Myanmar Police Force are joining forces with Huawei De­vice Myanmar to elimi­nate the distribution of fake smartphones. Following an anony­mous source, police de­scended on Yuzana Plaza and Mingalar market on August 3 to root out and arrest fake phone dealers. When the dust set­tled […]

Colliers Property Report – Yangon Retail Q2 2017

Retail Market Faces Bright Future Yangon’s retail scene is undergoing modern transformation. Foreign F&B brands, new technologies, and upbeat designs are defining the trend, and the consumers are strongly embracing these new experiences. Colliers sees a shift towards trendier concepts and that a wider variety of product offerings will be essential for retail developments going […]

MPT Installs Fiber Internet Service in Downtown Yangon

On August 1 My­anmar Post and Telecommunica­tion (MPT) introduced its fiber-to-the-home (FTTH) internet service in Pabedan, a township in downtown Yangon. If there is a sustained de­mand for FTTH, MPT will extend its services to other townships, such as Latha and Kyauktada, U Thein Hoke, Deputy Chief Com­mercial Officer, told Myan­mar Business Today. “If Yangon […]

Expression of Interest in Consulting Services for Disaster Risk Management Project. Closing Date 17 August 2017

Subscribe to our tender alert mailing list MYANMAR South East Asia Disaster Risk Management Project Project ID. P160931 Assignment Title: Component 2 Preparation of Detailed Engineering Designs and Bidding Documents for Drainage Infrastructure Improvements for the 6 Downtown Townships of Yangon (Lanmadaw, Latha, Pabedan, Kyauktada, Botahtaung and Pazundaung) and Construction Management and Supervision of the […]

Police to crackdown on illegal gaming shops

At that meeting, U Than Naing Oo, Hluttaw Representative from Pabedan Constituency 1, asked whether there was a plan to classify which type of gambling machines are illegal at the gaming shops in Yangon Region and whether any action will be taken against offenders. “Yangon City Development Committee allows only gaming machines which are imported […]

Yangon MP targets corruption

Government staff in Yangon Region are involved in the misuse of public finances, according to regional MP Than Naing Oo, representing Pabedan constituency no.1. “Some irregularities in the use of the union budget for 2015-16 fiscal year were found at the Home Affairs Ministry, Fire Service Department, dam and water management department, Ministry of Agriculture, […]

Analysts Say 2016 is the Worst Year for Rangoon Construction Sector

​​ RANGOON — Rangoon’s construction market faced its hardest year in 2016, as a result of changing government policies during a market cooldown, say critical industry observers. During the best development years, 2005 to 2014, high-end condominiums and low-cost apartments sprung up around Rangoon, construction and real estate observers said. As the market neared its […]

Street vendors not satisfied with YCDC’s arrangement

Street vendors from Lanmadaw, Pabedan, Latha and Kyauktada do not have enough space to sell their wares on Strand Road, according to street vendors on Monday at a press conference. Yangon City Development Committee (YCDC) took photos of the shops to give a space to the venders to sell on Strand Road, but it was […]