Fred Hassim of Slade Property Services offers five key considerations for developers to attract embassies, MNCs, and NGOs to office space in Yangon’s property market.
As more and more Multinational corporations (MNCs), Embassies and Non-Government Organisations (NGOs) either enter the country or look to find more suitable office space in Yangon and other parts of Myanmar, they bring with them specific and oftentimes non-negotiable, requirements.
In many instances, these requirements are part of the tenant’s global policy that has been drawn up in the head offices of these organisations on the assumption that their specific requirements are readily available in buildings throughout the globe. Unfortunately, this is not always the case.
From a leasing perspective Slade Property Services (SPS) is finding that these requirements limit the number of options available to tenants in the market and developers should consider improving their properties to accommodate the specific requirements below: