Yangon, a missed investment opportunity?

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WE were fortunate to be among the first real estate consultants to do business in Myanmar. Since 2012, we have seen a rapid transformation of the urban landscape in Yangon. During a recent trip to conclude a consultancy work for a Japanese client, we are glad to see some of our earlier consulting work completed or near completion and also played a part in bringing the positive changes to the city.

Download to read more: 201706 – Yangon, a missed investment opportunity – Herald June 2017 Issue

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Yangon Serviced Apartment Market Quarter Update 1Q2017

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We made a visit to conclude a consultancy work where we review the performance of one of our favoured real estate sector. The Yangon Serviced Apartment Rental Index registered a slight decline in 1st quarter 2017 though the overall market occupancy rate increased by 1.3 percentage points. Amazingly, the occupancy at the relatively newer offerings like Marina Residence, Golden Hill Tower and Shangri-la Serviced Apartment remained at near 100% in the quarter with long waiting list. Is this a right time to enter the market?

Read our report to find out more: FundPlaces_Yangon Serviced Apartment Market Quarter Update 1Q2017

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Yangon Office Market Quarter Update 1Q2017

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We recently visited Yangon to check out some of the international quality office space. It is great to see that some of the well-specified buildings are being completed. The latest additions to the market are Junction City and Sule Square. Besides these, there are more large ones still at various stages of construction. Can Yangon continue to absorb the upcoming supply?

Read our report for more detailed analysis: FundPlaces_Yangon Office Market Quarter Update 1Q2017

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Yangon Serviced Apartment Market Update 4Q2016

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Yangon serviced apartment continued to show its resilience in the 4th quarter of 2016. Our Yangon Serviced Apartment Rental Index showed that rents inched up 0.3% quarter-on-quarter in 4Q2016. At current rent, the serviced apartments in Yangon commands rentals that are close to that of serviced apartment in prime Singapore locality.

The overall market occupancy remained high at 96.5%, with full occupancy in the relatively newer projects. The serviced apartment sector remains as our favourite sector for exposure to the Yangon real estate market.

Click here for the full report: FundPlaces_Yangon Serviced Apartment Market Quarter Update 4Q2016

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Yangon Office Market Update 4Q2016

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As at 4Q 2016, our Yangon Office Rental Index inched up 1.4% quarter-on-quarter and the market office occupancy also increased slightly to 67%. Looking ahead, we expect the office market to suffer some short term weaknesses due to the expected completion of a number of large projects.

With limited catalysts in sight, we advocate a more cautious stance on investment into new office development and maintain our negative outlook on the sector.

Click here for the full report: FundPlaces_Yangon Office Market Quarter Update 4Q2016

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Is Yangon’s real estate market ready for retail investors?

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Expectations were high when the new Government was elected last year. One year on, it has become apparent that a lot of work remain undone. Looking ahead, the ingredients for the growth of the real estate are in place, including the robust economy growth and the influx of foreign direct investments. What is the outlook of Yangon real estate market? Which sector to invest in? What should investors look out for when investing in Myanmar? We shared our thoughts in The Edge.

Click here for the full article: Is Yangon’s real estate market ready for retail investors

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Bright Spots In IndoChina’s Property Market

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The IndoChina property market has caught the imagination of the investing public in Singapore over the past few years. The hot favourite over the last 3 years has been the residential property market in Phnom Penh, Cambodia.  Increasingly, there has been more positive vibes over property in the resurgent Vietnam property market and increasing curiosity over the potential for growth of the Myanmar properties. While investing in each of these countries carries its different unquantifiable risks, it might be worthwhile looking at the measurable factors prior to investing in any of them.  We review some of the typical quantifiable fundamental drivers of demand for real estate in this article.  (more…)

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Myanmar plans housing for under K10m

Low cost housing in Yangon

(Source: Myanmar Times, 25 May 2016) The construction ministry of Myanmar has drafted an urgent plan to build 8000 low-cost housing units in Mingaladon and Dagon Seikkan townships in Yangon. Scheduled to be completed in 2 years, each of the 8000 apartments will be 400 square feet in size. They will be sold for less than K10 million each to the city’s low-income residents. (more…)

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Keppel Land builds up Myanmar presence with expansions

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(Source: The Straits Times, 20 May 2016) Keppel Land is strengthening its hotel and commercial portfolio in Yangon, Myanmar’s rapidly developing leading city. The Singapore-listed property firm yesterday held a topping-off ceremony for its joint venture project, Junction City Tower, which is being developed jointly with Myanmar-based construction company Shwe Taung Group. Junction City Tower is a Grade A office building in Yangon’s central business district and will offer a net lettable area of about 34,000 sq m of prime office space. It is expected to be completed in early 2017. On 18 May 2016, it opened the new 431-room Inya Wing, bringing the total number of rooms to 797 at the Sedona Hotel Yangon, boosting Sedona’s portfolio in Myanmar to over 1,000 rooms.

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