Q3 Yangon Real Estate Review now available

Our second in-depth review of the Yangon real estate market is now available to purchase.

The Q3 2014 Yangon Real Estate Review contains more than 200 pages of information, covering residential and commercial market analysis, developer profiles, data, legislation, maps, district-by-district profiles, and comprehensive details and maps of over 70 in-progress or prospective projects in Yangon.

Researched during the past three months by Frontier's local and international staff in Yangon, this is an essential resource for companies involved in the real estate and construction sector, including developers, investors, banks, contractors, architects, project managers and others.

Key findings from the report include:

Yangon’s real estate market continues to undergo a rapid transition across all sectors, with a flurry of new residential, commercial, hotel and retail projects under construction or in the pipeline.

More than ten international developers and hotel groups entered Myanmar in Q3, announcing large-scale projects.

Public sector-owned land continues to be put out to tender on Build-Operate-Transfer (BOT) terms, with several large plots in Yangon tendered in Q3 and further sites expected to come available in 2014 and 2015.

The provisional results of Myanmar’s first census in 30 years showed the country has a lower population than estimates suggested – around 51.4m. The final results are due in 2015.

A rising number of residential units, mainly apartments, are under construction or planning. At least 10,000 higher-end apartments in purpose-built towers or mixed-use developments to be completed by the end of 2017, with 2016 set to be a bumper year for new supply completions.

The government and local authorities have pledged greater focus on much-needed affordable housing. Around 30,000 affordable housing units, built by the public-sector, are meant to be completed in Yangon next year.

Yangon’s office market is in a state of transition. Prices are showing signs of levelling out as of Q3 2014, but still remain disproportionately high compared to the quality of stock. By 2017, we expect total Grade A office space in dedicated, multi-tenant buildings to reach at least 800,000 sq m, a twelvefold increase from Q3 2014 levels.

Yangon's unique architectural heritage makes it a particularly exciting property market, with a number of heritage buildings in the downtown area of the city set to be renovated in the coming years. Many of these projects will be tendered out.

The legislative environment remains a key factor for the market, with tax and investment laws in flux and several key new acts expected to be enacted in 2014 and 2015. Concerns over legal issues, such as land titling, are often cited as obstacles to further investment in the sector.

Key short-term risks to the market include rising construction costs, legislative changes, and the progress of Myanmar's broader political and economic transition over the coming 18 months. In addition there are longer-term concerns over possible over-supply in certain segments of the market.

Order a copy

The report is priced at $1,500, and can be ordered online and by phone or email.

To order by phone, please call +95 92 5334 9604 in Myanmar, or +44 207 653 1914 (UK). Alternatively, please email our Business Development Director, Michael Guarino, on michael.guarino@frontiermyanmar.com

Subscribers to the Myanmar Real Estate and Construction Monitor receive four copies per year of the Yangon Real Estate Review as part of their membership package, which offers the best value access to our content.

For more information on subscription options, please go to realestate.frontiermyanmar.com/subscribe or contact us directly.

About Frontier Myanmar

Frontier provides local research and analysis for companies and organisations operating in Myanmar, one of the world's most exciting economies.

We offer custom, in-depth research into specific sectors or issues, helping clients better understand their business environment, while also publishing subscription-based information services focusing on specific industries, covering news, legislation, companies, projects and tenders.

Our first subscription service, the Myanmar Real Estate and Construction Monitor, was launched in June 2014.

Frontier Myanmar is incorporated as a Myanmar limited company and was established in 2014. Its parent company is Frontier MEA Ltd, a UK firm set up in 2009 which also has offices in other emerging markets.

Our Yangon office is run by a team of local and international staff with the skills and experience to provide independent and in-depth business research.