{"id":18122,"date":"2016-06-30T11:37:35","date_gmt":"2016-06-30T04:37:35","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/top-10-predictions-for-yangon-real-estate-in-2016\/"},"modified":"2016-06-30T11:42:00","modified_gmt":"2016-06-30T04:42:00","slug":"top-10-predictions-for-yangon-real-estate-in-2016","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/top-10-predictions-for-yangon-real-estate-in-2016\/","title":{"rendered":"Top 10 predictions for Yangon real estate in 2016"},"content":{"rendered":"


\nWe\u00a0divine what lies ahead for Myanmar\u2019s resurgent city
\nImage credit: mmbiztoday.com
\nSome real estate brokers have doubts that property prices in Yangon will return to peak levels seen in 2013 and 2014. However, there\u2019s enough hope to go around: Colliers International Myanmar predicts Yangon would see a stronger year, coming from a resilient 2015.
\n\u201cExpect busier months ahead as the property market gears up to the next chapter in Myanmar\u2019s economic history,\u201d said Colliers Myanmar\u2019s managing director Anthony Picon in a report released January.
\nAs we cross halfway through the year, we divine what lies ahead for Myanmar\u2019s resurgent city.
\n1\u2013Myanmar\u2019s new government will continue to fascinate
\nAccording to Colliers, foreign investors are keener than ever to get into the Yangon market, with Aung San Suu Kyi and her storied National League for Democracy party coming into power after years of resistance from a military junta. With the elections over and a new parliament in place, local realtors expect political stability and an overall more predictable environment for decision-making among investors in Myanmar\u2019s bustling seat of government.
\n2\u2013The Condominium Law will warm up the market
\nThe recent loosening of rules regarding foreign ownership of condominiums should stimulate the market, according to the Myanmar Real Estate Services Association, per Frontier. Furthermore, Colliers predicts that condo developers will whip up creative ways to promote their offerings, perhaps by adding a commercial component like retail, office, and serviced apartments.
\n3\u2013This will be the year of Yankin
\nThe township of Yankin will prove to be a viable alternative business district to downtown Yangon. The centrepiece of the township is a USD440-million, mixed-use development called Myanmar Centre, which saw the opening of a shopping spot, Myanmar Plaza, and a Melia hotel last year. By 2018, the area will get a new shopping mall, in addition to several office and residential blocks.
\nMore: The one thing keeping Myanmar real estate from blossoming is\u2026
\n4\u2013FDI will continue to pour into Yangon\u2019s SEZ
\nYangon\u2019s Thilawa Special Economic Zone (SEZ) has attracted quite the attention from foreign markets, especially international manufacturing firms. Japan will take the lead in developing 500 hectares of the economic zone\u2019s second phase, Zone (B), which should open for business by the end of 2016.
\n5\u2013More residents will move to Yangon\u2019s outskirts\u2026
\nColliers also predicted that buyers will show more interest in gated residential communities around the outer city zone this year.
\n6\u2013 \u2026If not, farther.
\nSimilarly, Colliers noted an emerging holiday-home market in tourist hubs like Ngapali and Ngwe Saung, offering a relaxing alternative to Yangon\u2019s more urban offerings. The Myanmar government expects an influx of 6 million tourists this year, compared with 4 million tourists in 2015.
\n7\u2013High-rise Yangon will get entangled with zoning plans
\nBound by religious beliefs and tradition, Yangon has for the longest-time been a low-rise city. Recently, the government suspended the construction of high-end condominium blocks in a low-rise zone designated for the Shwedagon Pagoda, a tall Buddhist landmark. One of the halted developments was the Diamond Inya Palace Condominium, which, if completed, would have been Myanmar\u2019s tallest building.
\nMore: Huge luxury developments to change Yangon\u2019s riverside skyline forever
\n8\u2013Serviced apartments will still do good business
\nAlong with the retail sector, serviced apartments in Yangon enjoyed exceptional occupancy and rental rates in 2015, Colliers reported. This demand should persist well into 2016.
\n9\u2013Competitive prices for office space
\nColliers acknowledges that Myanmar is still a frontier market and will thereby expect a surfeit in Yangon office stock this year. \u201cThe market will slightly favour the tenants, while landlords start to offer discounted rates and other incentives \u2013 at least in the near term,\u201d Colliers predicts.
\n10\u2013Buyers will be drawn to real estate like gold.
\nFor Colliers, 2016 will mark a slow transitional period in which buyers will get more familiar with property as a liquid asset as much as a storage of wealth. \u201cThe real estate market is not like gold market because it is not linked with international rates,\u201d Sai Khung Noung, owner of realtor Sai Khung Noung Company, told Frontier.
\nMore: Myanmar to grow the fastest in Asia-Pacific this year
\n
\nSource : property-report.com
\nRead more…Top 10 predictions for Yangon real estate in 2016<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

We\u00a0divine what lies ahead for Myanmar\u2019s resurgent city Image credit: mmbiztoday.com Some real estate brokers...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-18122","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-4Ii","jetpack-related-posts":[{"id":16644,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-one-thing-keeping-myanmar-real-estate-from-blossoming-is\/","url_meta":{"origin":18122,"position":0},"title":"The one thing keeping Myanmar real estate from blossoming is\u2026","date":"June 15, 2016","format":false,"excerpt":"\r Hint: It\u2019s not a cyclone Photo by Sassy Bairan Sky-high levy by the Myanmar government on property transactions has had a chilling effect on real estate activity and even encouraged tax evasion. Desperate buyers are reportedly gaming the government\u2019s tax registration system via powers of attorney, enabling them to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29461,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-bridge-that-will-change-yangons-real-estate-landscape\/","url_meta":{"origin":18122,"position":1},"title":"The bridge that will change Yangon\u2019s real estate landscape","date":"October 11, 2016","format":false,"excerpt":"\r Roads and other infrastructure projects from the Myanmar government and foreign entities will diversify growth around\u00a0the country\u2019s largest city Pedicabs at Dala township in Myanmar. maodoltee\/Shutterstock With the right infrastructure projects, and a little help from the World Bank, property growth could radiate from its present concentration in downtown\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26632,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-residents-are-moving-to-this-myanmar-township\/","url_meta":{"origin":18122,"position":2},"title":"Why residents are moving to this Myanmar township","date":"September 20, 2016","format":false,"excerpt":"\r Prosperity is spreading even to the country\u2019s rice-growing communities Travelers have to cross the muddy river to get to the Ye Le Paya pagoda, a tourist spot in Kyauktan township. Benjaporn \/ Shutterstock.com It turns out downtown Yangon is not the only one benefitting from Myanmar\u2019s return to the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17890,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/huge-luxury-developments-to-change-yangons-riverside-skyline-forever\/","url_meta":{"origin":18122,"position":3},"title":"Huge luxury developments to change Yangon\u2019s riverside skyline forever","date":"June 28, 2016","format":false,"excerpt":"\r Several high-rises have been announced in Yangon, providing stark contrast to neighbouring slums Yangon riverside (Image credit: TripAdvisor) Hlaing Tharyar is the largest of the townships in the Burmese capital of Yangon. It also has the singular cachet of having Myanmar\u2019s largest squatter area. This poverty stricken area is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14920,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/myanmar-to-grow-the-fastest-in-asia-pacific-this-year\/","url_meta":{"origin":18122,"position":4},"title":"Myanmar to grow the fastest in Asia-Pacific this year","date":"May 31, 2016","format":false,"excerpt":"\r An economic growth spurt ahead in Myanmar despite a stormy 2015 Yangon (Image credit: Grace Farson Blog) It seems to be clear skies ahead for Myanmar\u2019s economy, which is still riding high on recent reforms that has democratised society and eased international sanctions. In its latest Asian Development Outlook\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21705,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/myanmars-first-ever-five-star-hotel-courtesy-of-vietnam\/","url_meta":{"origin":18122,"position":5},"title":"Myanmar\u2019s first ever five-star hotel, courtesy of Vietnam","date":"August 2, 2016","format":false,"excerpt":"\r A Melia hotel is now open for business in Yangon, thanks to a Vietnamese real estate giant A millennia-old stupa stops traffic in Yangon. Image credit: Jason Eppink (Flickr) Vietnamese property developer Hoang Anh Gia Lai (HAGL) opened the doors to its five-star hotel in Yangon on Sunday, marking\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/18122"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=18122"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/18122\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=18122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=18122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=18122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}