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 […]