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Market trends and strategic insights across Yangon’s commercial, hospitality, and residential sectors for H2 2021
Summary & Recommendations
Investors Continue to Wait and See
The year 2021 ended with record low numbers as Myanmar navigates through the political turmoil and COVID-19 crisis. Although down annually, property demand and rental levels have somewhat remained resilient at least on a half-yearly basis. This, indicating signs of a bottomed-out market and perhaps possibly some level of recovery. With mobility improving, we expect business activities to somewhat pick up albeit at limited capacities, and likely to remain domestically driven at least in the near term. Meanwhile, a pent-up demand appears seeming. Existing foreign investors continue to wait and see with some expressing keen interests to return. The reopening of Yangon International Airport and further ease on visa restrictions will be a crucial process. New foreign market entrants may however remain deterred until some levels of market stability is achieved.
