"The moment is right for tenants looking for new office space as prices had softened quite a bit due to the increase in supply that came online during that time," says Colliers International Myanmar who have released their Yangon Leasing Guide 2019.
Prospects for mid-tier projects promising yet untapped according to Colliers International Myanmar
Competition is anticipated to gradually intensify as supply is estimated to double in the next two years. Colliers International Myanmar: Yangon Serviced Apartment Market Quarterly Report Q4 2018
Landlords face new competition ahead in the Yangon serviced apartment market
Colliers International Myanmar expect competition in Yangon's serviced apartment sector to gradually intensify with supply doubling within the next three years.
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.
