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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

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An Overview of Yangon’s Real Estate Challenges

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  1. An Overview of Yangon’s Real Estate Challenge www.sps-myanmar.com

  2. “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 www.sps-myanmar.com

  3. 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 Myanmar’s real estate market, office space in the country's commercial capital is considered one of the most expensive in the world. www.sps-myanmar.com

  4. Yangon’s Real Estate Challenge Skyrocketing land prices, high rental rates and royalties on ownership title inhibits the growth of Yangon’s 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. www.sps-myanmar.com

  5. 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. www.sps-myanmar.com

  6. 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. www.sps-myanmar.com

  7. 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@sps-myanmar.com www.sps-myanmar.com

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