According to Colliers International Asia Market Snapshot Q1 2018 Report, Myanmar's investment climate was boosted in the first quarter by the government's announcement of preferred bidder status for the Myanmar Central Railway project. The Myanmar-Singapore-China consortium (Mottama Holdings, Oxley Holdings, and Sino Great Wall respectively) are currently in neogitiations regarding the 63-acre site.

Antony Picon, Founder and Director of Colliers International, reports that Foreign Direct Investment (FDI) in manufacturing represented a near all-time high for the 2017-2018 financial year, leading to more factories being planned and built, mostly in the Yangon region and Bago. The Market Snapshot also reports that the ongoing political issues involving Rakhine state appear not to have damaged Myanmar's overall investment climate.

Sectors to watch in Q1 2018 According to Colliers International Myanmar:

• Serviced Apartments: "The serviced apartments sector is also growing due to the weakness in the condominiums-for-rent sector. Serviced apartments are an especially attractive option given their quality and affordability."
• Retail: "The retail sector remained robust given the constant demand for new shopping destinations from the local population, and the anticipated liberalisation of trade laws should give a further boost to this sector."
• Industrial: "Demand for office space is also growing thanks to falls in rental rates while the industrial and logistics sector is especially strong as more manufacturers and garment companies look to set up shop in the country."

Colliers also reports that the retail sector will remain strong over the coming quarters as investors look to increase the gap in supply of affordable quality condominiums for rent. The industrial sector remains on investors' radar and the office sector could receive a strong boost if the long-awaited liberalisation of the insurance sector materialises, allowing the entry of foreign participants into the sector.

Click here to view Colliers International Asia Market Snapshot Q1 2018 Report

For further information or to discuss the report phone or email Antony Picon from Colliers International via the contact details listed below.

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