In this market snapshot, Colliers International Myanmar identifies the key statistics in the Yangon property market for Q2 2018 across the office, retail, serviced apartment, hotel and condominium sectors of the industry. 

The key data highlighted for each market across Yangon's property sector in Q2 2018 is as follows:

Office Market:

• Annual net take-up: 15,400 sqm
• Total office stock: 381,000 sqm
• Citywide rental rate: USD 42.9 sqm/month
• Average prime rental rate: USD 50 sqm/month
• Projected rental decrease in the next 12 months: 1-3%

Retail Market:

• Total leaseable stock: 348,000 sqm
• Average occupancy rate: 93%
• YOY increase in average rental rate: 5%
• Citywide rental rate: USD 32.1
• Projected rental increase in the next 12 months: 3-4%

Upper-Scale Hotel Market:

• Total supply stock: 48,000 keys
• Upcoming supply: 3,100 keys
• Number of existing upscale hotels: 14
• Number of upcoming upscale hotels: 8
• Additional stock during the quarter: 470 keys

Condominium Market:

• Total supply stock: 6,600 units
• Total launched/under construction: 10,200 units
• Units for completion in 2018: 5,300
• Units upcoming in the Outer City: 5,600
• Units upcoming in the Inner City: 4,300

Serviced Apartment Market:

• Total supply stock: 2,015 keys
• Upcoming supply: 2,300 keys
• Average monthly rate (1 bedroom): USD 3,850
• Average monthly rate (4 bedrooms): USD 7,780
• Average occupancy rate: 84%
• Share of mid-tier serviced apartment: 28%

Click here to view the video Colliers International Snapshot Q2 2018. 

For more information about Myanmar's property market, email Karlo Pobre, Deputy Managing Director for Colliers International Myanmar via the contact details listed below. 

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