2020

2020 Q3 Myanmar Condominium Market Report HEIGHTENED INTERESTS FOR LOWER TIER DEVELOPMENTS Summary & Recommendations While sales are presently impacted from prolonged lockdown measures, buyers’ preference towards lower tier condominiums appears continually emerging. This has also been recently reinforced with the lowering of interest rates by the Central Bank. Meanwhile, given the relatively...

2020 Q3 Myanmar Condominium Market Report HEIGHTENED INTERESTS FOR LOWER TIER DEVELOPMENTS Summary & Recommendations While sales are presently impacted from prolonged lockdown measures, buyers’ preference towards lower tier condominiums appears continually emerging. This has also been recently reinforced with the lowering of interest rates by the Central Bank. Meanwhile, given the relatively...

2020 Q3 Myanmar Hotel Market Report Colliers DEVISING SAFE URBAN GETAWAYS AMID RESTRICTIONS Summary & Recommendations Despite calls to partially ease travel and flight restrictions amid stricter health and safety protocols, it has become clear that a full recovery is likely to be a tedious process, and the tourism industry, which contributed almost 7% of the total GDP in 2019, may not return...

2020 Q3 Myanmar Office Market Report Colliers HEADSTRONG DEMAND AMID PROLONGED RESTRICTIONS Summary & Recommendations With the discovery of the vaccine still unlikely in the succeeding months, Yangon may perhaps continually witness spikes in infected cases, and that, in turn, will prolong the restrictions further. The government stay-at-home measures intended to contain the pandemic has proved...

2020 Q3 Myanmar Retail Market Report Colliers DECIPHERING RETAIL REMEDY IN TIMES OF UNCERTAINTY Summary & Recommendations The resurgence of Covid-19 in late August and following restrictions in September further posed challenges for tenants as well as landlords. Both, in fact, continually struggled to recuperate from the domestic consumption tumble since April. In retrospect, it has become clear...

2020 Q3 Myanmar Serviced Apartment Market Report Colliers PERSONALISED SERVICES WITH BETTER HYGIENE STANDARDS Summary & Recommendations As of Q3 2020, Yangon’s serviced apartment market witnessed a decline in demand albeit modestly compared to the level a year ago. The overall performance, in fact, appeared more resilient than expected especially in comparison to their hotel counterparts....