Positive signs in Yangon serviced apartment sector - Colliers
The overall performance of Yangon’s serviced apartment market as of the third quarter appeared more resilient than expected, especially in comparison to their hotel counterparts, according to a recent property market report released by the global consultancy firm, Colliers International Myanmar...
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WILLIAMS MEDIA spoke with Colliers International Myanmar who understands that foreign institutions are most likely to choose Grade A or Grade B quality office space as the Central Bank of Myanmar plans to allow more foreign banks to provide services.
"The number of tourist arrivals from Asian countries has been increasing, with most tourists coming in from China," says Colliers International Myanmar.
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Karlo Pobre, Deputy Managing Director for Colliers International Myanmar and Paul Ryan Cuevas, Analyst for Research, Valuation and Advisory of Colliers International Myanmar reveal that Yangon's serviced apartment sector saw marginal increases in occupancy, in the Yangon Serviced Apartment Market Quarterly Report Q2 2018.
