REAL ESTATE SECTOR OVERVIEWS

A small river named Duden flows by their place.

OFFICE LEASING
REAL ESTATE ADVISORY IN YANGON

The office market in Yangon was slow to react to the economic reformation of Myanmar and the subsequent increased levels of demand from both national and international occupiers. As a result, office rents are higher than most major established locations around the world, with 2014 rents sitting higher than anywhere other than Beijing and Shanghai.

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YANGON RESIDENTIAL REAL ESTATE CONSULTATION AND EVALUATION

The residential market in Yangon has been grossly undersupplied in recent years. As a result, residential sales prices are incredibly high for a small and underdeveloped market like Yangon. Sales prices for major apartment developments tend to be in the region of $3,000 – $5,700 per sq m, and these vary considerably with factors such as size, location, land title and supporting facilities.

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HOTEL
COMMERCIAL PROPERTY CONSULTATION IN YANGON

Tourism in Myanmar has been booming in recent years, with almost 3.1 million arrivals measured in 2014, up from just 2 million in 2013. As a result, investment in hotels has skyrocketed. Myanmar investment in the hotel sector, which was US $55 million in 2011 had increased to US $600 million by 2014. Foreign investment in the hotel sector has reached US$2.7 billion, with 47 hotels currently receiving foreign investment.

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RETAIL REAL ESTATE MARKET IN YANGON

The current Retail Market in Yangon is mostly made up of local retailers, with a few international retailers increasingly moving into the market as Myanmar continues its transition, and more disposable income becomes available to its consumers. The majority of international retailers in Myanmar are entering the local market, not by making an official move into the country, but through partnerships, joint ventures and franchises with local partners who are distributing their products, easing the process of companies gaining a presence in the Myanmar market – although potentially lessening profit margins.

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INDUSTRIAL REAL ESTATE IN YANGON

Industrial real estate is becoming very popular in Yangon, and Myanmar as a whole. Significant developments, such as a 10,000 acre project in Mandalay, new ports and infrastructure developments, are drawing large volumes of investment from overseas. Major international occupiers are looking at entering the market, some having already done so, and establishing manufacturing and distribution facilities to take advantage of this new consumer market.

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