Serviced apartments, retail, and industrial sectors come out on top reports Colliers International
Colliers International Asia Market Snapshot for Q1 2018 reveals serviced apartments, retail and industrial sectors on the rise in Myanmar property market.
Competition exerts downward rental correction in Yangon's office market
Competition pressures price corrections in headline lease rates, a first in almost five quarters according to Colliers International’s latest Yangon Office Report. The entry of better quality projects forced older developments to adjust their asking rates to better reflect their market...
Affordability issues continue to persist in Yangon
A slight uptick in overall sales of condominiums in Yangon follows pricing promotions for many projects, but, Colliers sees the performance as temporary, and the strategy as financially unsustainable.
Headwinds cause Yangon market to shift towards alternative strategies.
Karlo Pobre from Colliers believes that average daily hotel rates are expected to trend downwards. Upper-scale hotels therefore need alternative solutions to boost market share.