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Colliers Property Report – Colliers Myanmar Condo Q4 2018

SUMMARY & RECOMMENDATIONS Towards the end of 2018, the citywide take-up rate remained below the 60% mark. Given the relatively poor sales performance of majority of condominium projects in Yangon, we embolden developers to start expanding their target market and introduce more low and mid residences. We predict that lower-tier but modern apartments and condominiums […]

MIC flags Yangon condo built without approval

The Myanmar Investment Commission has accused a local developer of building a condominium in Yangon with a foreign partner without approval, while the developer says it does not need approval as the investment is entirely local. Foreign investments and local-foreign joint ventures must all be approved by the MIC, while local investments can go ahead […]