Collier Property Report – CONDOMINIUM Q4 2017

Developers Downplay Launches No new launches were witnessed as of end-2017, perhaps owing to the continuous wilting of Yangon developers’ optimism over the market’s current condition. While this year’s take-up per quarter trailed an upward route, Colliers believes that developers still need to reconsider their strategies. If the goal is to realize a sustainable improvement […]

Collier Property Report – Yangon Office Q4 2017

Competition Exerts Downward Rental Correction There has been a pronounced correction in headline rents. Given the increase in competition and the entry of better-quality projects, landlords are now willing to lower prices to reasonable levels. In fact, older offices, which previously commanded premium rates, have begun adjusting rents appropriate to their quality and offerings. Meanwhile, […]

Collier Propety Report – Yangon Retail Q3 2017

Retail Market Gains Further Momentum Yangon continues to shift towards retail modernisation. In fact, the opening of St. John City Mall and Junction City Shopping Mall defined further quality improvements over the recent quarters. Given robust demand, Colliers expects that supply will build up and more innovative trends will persist. We see especially strong growth […]

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 […]

MIC: No plan to reduce initial lease premium for Dagon City project

Ministries are still holding discussions on where to relocate the terminated Dagon City project, but there is no plan to reduce the initial lease premium for the land, said Aung Naing Oo, the secretary of the Myanmar Investment Commission and director-general of the Directorate of Investments and Company Administration, yesterday. Shwe Taung Development Co Ltd, […]

Commercial buildings to be constructed on military-owned land

Myanmar and Singapore companies are planning to construct commercial buildings on land owned by the Ministry of Defence in Yangon Region. Myanmar Investment Commission (MIC) granted permission on October 2 for Nature Link from Myanmar and Singapore-based Uni Global Power Pte. Ltd. to build under a Build, Operate, and Transfer (BOT) agreement in accord with […]