Competition exerts downward rental correction in Yangon's office market
Competition pressures price corrections in headline lease rates, a first in almost five quarters according to Colliers International’s latest Yangon Office Report. The entry of better quality projects forced older developments to adjust their asking rates to better reflect their market...
Affordability issues continue to persist in Yangon
A slight uptick in overall sales of condominiums in Yangon follows pricing promotions for many projects, but, Colliers sees the performance as temporary, and the strategy as financially unsustainable.
Headwinds cause Yangon market to shift towards alternative strategies.
Karlo Pobre from Colliers believes that average daily hotel rates are expected to trend downwards. Upper-scale hotels therefore need alternative solutions to boost market share.
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.
