An Overview of Yangon’s Real Estate Challenges
According to news sources it is expected that the real estate market in Yangon will show a sustainable or moderate growth in 2016. Read on to learn a few challenges faced by Yangon’s real estate market. Visit http://sps-myanmar.com
According to news sources it is expected that the real estate market in Yangon will show a sustainable or moderate growth in 2016. Read on to learn a few challenges faced by Yangon’s real estate market. Visit http://sps-myanmar.com
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www.sps-myanmar.com<br />
<strong>An</strong> <strong>Overview</strong> <strong>of</strong> <strong>Yangon’s</strong> <strong>Real</strong> <strong>Estate</strong><br />
Challenge
“After a pause while investors awaited the outcome<br />
<strong>of</strong> elections, the property market in Myanmar's<br />
biggest city is picking up again, but some sectors will<br />
do better than others.” – Bangkok Post<br />
www.sps-myanmar.com
Over the past few years, Myanmar has experienced a<br />
dramatic change in economy and political fields. With a<br />
considerable increase in the number <strong>of</strong> foreign investors<br />
rushing in to Myanmar’s real estate market, <strong>of</strong>fice space in<br />
the country's commercial capital is considered one <strong>of</strong> the<br />
most expensive in the world.<br />
www.sps-myanmar.com
<strong>Yangon’s</strong> <strong>Real</strong> <strong>Estate</strong> Challenge<br />
Skyrocketing land prices, high rental rates and royalties on<br />
ownership title inhibits the growth <strong>of</strong> <strong>Yangon’s</strong> real estate<br />
market.<br />
There is an oversupply <strong>of</strong> properties in the residential sector<br />
given that high-end buyers represent only 1-2% <strong>of</strong> the total<br />
population.<br />
www.sps-myanmar.com
The passing <strong>of</strong> the new condominium law which took effect<br />
on Jan 29, 2016 by the Union Parliament will be a hurdle for<br />
some projects under construction doubting whether they will<br />
meet the requirements under the new law.<br />
The new condominium law provides more transparency in the<br />
market and a stronger legal footing.<br />
www.sps-myanmar.com
Making investments in industrial and hospitality sectors<br />
provides good opportunities in the real estate market.<br />
Also, the mixed-use developments that <strong>of</strong>fer retail space,<br />
<strong>of</strong>fices and serviced apartments <strong>of</strong>fer a good opportunity for<br />
investors.<br />
www.sps-myanmar.com
With all these challenges, if developers and investors choose<br />
the right segments <strong>of</strong> real estate, there are still great<br />
possibilities to succeed. For more information,<br />
visit www.sps-myanmar.com<br />
Call: +95 (0) 9 799 650 076<br />
Email: hugo.slade@sps-myanmar.com<br />
www.sps-myanmar.com
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