WILLIAMS MEDIA spoke with Colliers International Myanmar about the Yangon property market and their quarterly Yangon Serviced Apartment Market Report.

"Since the government commenced a series of economic transformations in 2011, the city has witnessed mounting investment interests coming from numerous companies and institutions," says Colliers. 

"The influx of international companies has ultimately driven foreign manpower requirements skyward. This growth has greatly encouraged strong rental activity in the residential sector, specifically in the serviced apartment market." 

"With the immense interest of the government in further liberalising more sectors, corporate housing requirements is seen to rise in 2020 onwards. Given such and on the back of the competition that is set to intensify in the coming years, both developers and operators are advised to remain strategic with their plans. Piloting due diligence would be an ideal move in order to provide offerings that are matched to the housing requirements of this market’s key demand propeller – the expatriates." 

Click here to download the Colliers International Myanmar Yangon Serviced Apartment Market Report Q2 2019 report.

Source: Colliers International Myanmar

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