Luxury bathroom and kitchen specialists, Hansgrohe, recently announced a collaboration with World Vision Organisation to assist in their Area Development Programme (ADP) in Hpa-an, Myanmar.
There is little doubt Myanmar’s property sector will emerge, but the biggest question has to be does it have the same engine which has driven most of Southeast Asia’s broad real estate sector over the past five years? Is it an emerging middle class or more exacting, a consumer class? How deep is the market?
Myanmar’s rapid re-engagement with the international community is attracting an increasing number of expatriates and contributing to an incredible demand for residential property. Yet as new arrivals to the country quickly discover, the same factors that make Myanmar an exciting country full of potential and opportunity also lend to challenging living conditions.
Some 1,000 international-standard hotel rooms are currently under construction and scheduled for completion in Yangon this year.
Myanmar nationals accounted for around one percent of all UK property sales valued at more than GBP2 million (US$3.1 million), according to Irrawaddy. That is about the same percentage as buyers from Switzerland and Hong Kong, according to PrimeResi, a journal covering the top end of the UK residential property sector. The increasing activity of [...]
The announcement earlier this month that Hilton plans to launch its first property in Myanmar is a signal of the pace at which the capital Yangon has changed over the last couple of years. The Hilton Yangon, slated for completion in 2014, is the latest hotel brand to enter the city, which, since the rapid [...]
Sphere Conferences announced this week they will partner the Republic of Union of Myanmar Federation of Chambers of Commerce & Industry (UMFCCI) in organising a series of industry-specific conferences to take place in May 2013. The conferences will showcase investment opportunities in urban development, banking and finance, as well as logistics and supply chain sectors. [...]
Myanmar’s new found freedom is already luring overseas property investors in droves, but will the market match all the buzz? Years of failed Communism in Banana Republics around the spinning globe have left a shallow feeling on unfulfilled capitalism and empty wallets from the huddled masses.
MK Group plan to invest in a four-to five-star hotel in Rangoon to capitalise on the low supply of hotel rooms in Burma. MK Group is the marketing represantive of Sahapat Group and has operated retail business in Burma for 20 years. Revenue growth for the company from the first year up to 2008 [...]
Land in suburban Rangon has quadrupled in some areas, spurred by speculators snatching up property that could prove valuable in the coming years and months, as Myanmar opens its borders. “Sometimes the buyers are businessmen from Yangon, but mostly they are [naturalized] Chinese and Shan-Chinese from Mandalay, Tin Moe, a freelance business journalist who has [...]
Foreign-invested cooperation projects in Rakhine state Sittway, Tanintharyi region’ s Dawei and Sagaing region’s Monywa have raised Burmese real estate prices as the market anticipates localised socio-economic booms, the Xinhua News Agency has reported.