INDUSTRIAL MARKET

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.. Large areas of agricultural land are being re-listed as industrial land to cater for demand and there are now a good number of industrial zones available for development and operation.

Yangon has a number of industrial zones scattered around the city. These vary considerably in size and density. A new $1.5 billion, 2,400 hectare, Special Economic Zone is also close to completion, across the Yangon river in the township of Thilawa. This is the first of a number of SEZ planned for Myanmar.

The quality of infrastructure in Yangon industrial zones varies from site to site, but as a general rule is very poor. Despite all these factors, however, industrial real estate prices around the city are consistently high.

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.. Large areas of agricultural land are being re-listed as industrial land to cater for demand and there are now a good number of industrial zones available for development and operation.

Yangon has a number of industrial zones scattered around the city. These vary considerably in size and density. A new $1.5 billion, 2,400 hectare, Special Economic Zone is also close to completion, across the Yangon river in the township of Thilawa. This is the first of a number of SEZ planned for Myanmar.

The quality of infrastructure in Yangon industrial zones varies from site to site, but as a general rule is very poor. Despite all these factors, however, industrial real estate prices around the city are consistently high.