Myanmar allows 100% foreign ownership in retail sector
Newly amended regulations issued by the Ministry of Commerce have opened Myanmar's retail and wholesale sector to allow foreigners 100% ownership in retail operations.
Legislative developments to "propel" demand and competition
Colliers International Myanmar Quarterly Review Yangon Retail Q2 2018 reveal that recent legislative developments show a promising sign that demand may be driven towards a lengthy upcycle.
Myanmar grants Visa-free entry for Japan and South Korea
Japanese and South Korean tourists will be granted visa-free entry into Myanmar in a move to attract more visitors, however, tourists from China, Hong Kong and Macau will still have to pay USD50 to receive visas on arrival.
Low-cost development project to assist with housing affordability
The Urban and Housing Development Department, under the Ministry of Commerce, is working to provide low cost and affordable housing to assist lower income earners.
5 things to consider when presenting office space to the Yangon market
Fred Hassim of Slade Property Services offers five key considerations for developers to attract embassies, MNCs, and NGOs to office space in Yangon's property market.
Turning point expected in Mandalay property market
While a slower economy and high property taxes are being blamed for declining real estate sales, Colliers International predict a turning point in Myanmar's real estate market.
Significant foreign investment in Myanmar continues to boost demand - Colliers
Myanmar's performance in the Colliers International latest Asia Market Snapshot Q2 2018 indicates that while the office sector performed well in Q2, sectors to watch in Q3 will be retail and industrial.
Gurner St Moritz $30m penthouse breaks Melbourne record after being sold to Antony Catalano
Luxury property developer Gurner has smashed Melbourne’s price record for the most expensive apartment sale, contracting the illustrious $30m penthouse at its ultra-luxury Saint Moritz development in St Kilda to a high-profile Melbourne family.
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.
