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, […]

Announcement of Myanmar Investment Commission, Invitation to invest within Kayin State

1. The Myanmar Investment Commission has been holding Investment Fairs, rotating yearly, across the States and Regions in order to promote and invite investment for balanced economic development. Accordingly, this year’s Investment Fair will be held in Hpa-An Township, Kayin State on 24th November, 2017. 2. Investing in Kayin State would be beneficial for investors […]

Yangon Taxi Registrations Cause Traffic Snarls in Laydaukkan Road

The Yangon Region Transport Authority (YRTA) office in Laydaukkan Road, in Thingangyu Township, has been at the centre of severe traffic congestion since November 15 when it began accepting applications for registration and renewals for city taxis. On November 15, about 150 taxis queued along the road causing traffic jams. Dr Maung Aung, secretary of […]

Golden City opens grade-A office tower in Yankin

Golden City officially opened Golden City Business Center (GCBC),which is a four-storey office tower in Yankin township, Yangon, on October 17. The development has a net leasable area of around 150, 000 sq ft. Office rooms of around 1,044 sq ft to 12,755 sq ft in size are available for long term leases. Golden City […]

Emerging Towns & Cities taps Yoma Bank to offer home loans in Yangon project

EMERGING Towns & Cities Singapore (ETC Singapore) is tying up with Yoma Bank to provide home loans for buyers of its Golden City project in Yangon, Myanmar. Under the strategic partnership, Yoma Bank will offer financing through 15-year home loans for up to 70 per cent of the purchase price, ETC Singapore, a property developer, […]

Rental market in South Okkalapa Township booming

The quiet township of South Okkalapa is currently experiencing an increase in tenants and the rental market is starting to look interesting, said real estate agents. Compared to other townships, South Okkalapa has fewer residences and is typically an orderly and quiet township. As such, many people are now moving here, said U Yan Aung, […]

Korea Business Centre Opens Doors

​​ A new business hub opened in Yankin township yesterday, with the Korea Business Centre (KBC) set to offer a range of services from office space hire to start-up consultation and investment matchmaking. The Korea Business Centre is operated by a subsidiary of Korea-based Yulchon LLC, and will provide benefits for the Korean business community. […]

YCDC eyes business district development in Yankin

A Yangon City Development Committee proposal to establish a business district in Yankin township has been met with mixed responses from local developers, with one firm suggesting the area is already too densely populated and would be better suited to residential development. As part of a Yangon city master plan drafted in partnership with the Japan International […]

Death of rental book stores as readers switch to smartphones

Rental book shops may be losing the battle for young customers to the pull of social media, online gaming and the vast expanse of the internet. Stores that rent out comic books and other wares say they are seeing their customers distracted by a more high-tech pastime: surfing the web on smartphones. Children used to […]

Chinese-backed condominium project launches in Yangon

Chinese group Toener Investment has launched sales of a new five-tower condominium project in Yangon’s Yankin township known as Kanbae Towers. Units in the development, which will be built on 2.2 acres of land on Kanbae Road, went on sale in late March. Construction began in the middle of last year and the project is […]