An Overview of Yangon’s Real Estate Challenges

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An Overview of Yangons Real Estate Challenge
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• After a pause while investors awaited the
  outcome of elections, the property market in
  Myanmar's biggest city is picking up again, but
  some sectors will do better than others.
  Bangkok Post

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• Over the past few years, Myanmar has experienced
  a dramatic change in economy and political
  fields. With a considerable increase in the
  number of foreign investors rushing in to
  Myanmars real estate market, office space in the
  country's commercial capital is considered one of
  the most expensive in the world.

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• Yangons Real Estate Challenge
• Skyrocketing land prices, high rental rates and
  royalties on ownership title inhibits the growth
  of Yangons real estate market.
• There is an oversupply of properties in the
  residential sector given that high-end buyers
  represent only 1-2 of the total population.

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• The passing of the new condominium law which took
  effect on Jan 29, 2016 by the Union Parliament
  will be a hurdle for some projects under
  construction doubting whether they will meet the
  requirements under the new law.
• The new condominium law provides more
  transparency in the market and a stronger legal
  footing.

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• Making investments in industrial and hospitality
  sectors provides good opportunities in the real
  estate market.
• Also, the mixed-use developments that offer
  retail space, offices and serviced apartments
  offer a good opportunity for investors.

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• With all these challenges, if developers and
  investors choose the right segments of real
  estate, there are still great possibilities to
  succeed. For more information,
• visit www.sps-myanmar.com
• Call 95 (0) 9 799 650 076
• Email hugo.slade_at_sps-myanmar.com

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