Colliers International Myanmar reveals Yangon's property market highlights for Q1 2018 across the office, retail, upper-scale hotels, condominiums, and serviced apartments markets. 

Office Market Highlights

• Annual net take up: 31,600 sqm
• Total office stock: 356,000 sqm
• Citywide rental rate: USD 43.4 sqm/month
• Average prime rental rate: USD 50 sqm/month
• Projected rental decrease in the next 12 months: 1-3%

Retail Market Highlights

• Total leaseable stock: 327,000 sqm
• average occupancy rate: 93%
• YOY increase in average rental rate: 2%
• Citywide rental rate: USD 32
• Projected rental increase in the next 12 months: 4-6%

Upper-Scale Hotel Market Highlights

• Total supply stock: 4,600 keys
• Upcoming supply: 3,000 keys
• Number of existing upscale hotels: 13
• Number of upcoming upscale hotels: 5
• Additional stock during the quarter: 300 keys

Condominium Market Highlights

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

Serviced Apartment Market Highlights

• Total supply stock: 2,000 keys
• Upcoming supply: 2,600 keys
• Number of serviced apartments in Outer City: 3
• Number of serviced apartments in Inner City: 20
• Percentage share of studio room: 3%
• Percentage share of 1 bedroom: 36%

Click here to view Yangon's Property Highlights Q1 2018

For more information on Yangon's property market highlights, phone or email Karlo Pobre of Colliers International via the contact details listed below.

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