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Colliers Property Report – Myanmar Service Apartment Quarterly Q4 2018

SUMMARY & RECOMMENDATIONS Competition is anticipated to gradually intensify as supply is estimated to double in the next two years. This will perhaps be more noticeable in the upscale segment. Meanwhile, the entry of higher quality projects in 2018 has already driven rents towards more competitive levels. Despite the price correction, affordability remains a key […]

Serviced Apartment Market in Yangon 2Q, 2014

Research & Forecast Report Yangon | Serviced Apartment Market 2Q 2014 New waves of expatriates to face accommodation challenges Despite the introduction of substantial supply in late-2013, occupancy rates quickly rebounded in the last six months driven by the continuous rise in corporate requirements. As at the end of 2Q 2014, the rate ended at […]

S’pore serviced apartment chain plans expansion into Myanmar

Singaporean serviced apartment chain The Ascott Limited has announced moves to expand into Myanmar and increase its presence in Germany and Asia on Thursday. The wholly-owned unit of developer CapitaLand said yesterday that it has won a contract to operate a 153-unit mixed-use development in Yangon. The property – Somerset Kabar Aye Yangon – is […]