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H1 2020 Yangon Real Estate Review - COVID-19 Edition

  • ID: 5187373
  • Report
  • October 2020
  • Region: Global
  • 60 Pages
  • FMR Research

FEATURED COMPANIES

  • A1 Construction
  • Creation Myanmar
  • IGE Land
  • LP Holdings
  • Myat Min
  • Sun Myat Tun
  • MORE

This report is based on research carried out in Yangon since 2014, as well as the longer-term market understanding of staff. In addition to conducting interviews with developers, contractors, brokers, government and local authority officials, as well as other relevant businesses and organisations, the publisher conducted numerous site visits to the projects mentioned in this report.

The report is aimed at a wide range of readers, including developers, investors, funds and consultants, as well as construction companies, architects and building materials suppliers seeking to do business in the sector.

The review is updated semi-annually.

Researched by the publisher's team through hundreds of site visits and interviews, the report contains 60 pages of information and is an essential resource for developers, contractors, consultants, lenders, materials suppliers and other companies.

Fully updated as of October 2020, it contains three main sections:

  • Project profiles. More than 80 detailed profiles of in-planning or under-construction projects, with information on developer, status, location, funding, pricing, sales take-up, contractors and consultants, completion dates, background and more
  • Market review. Analysis of the Yangon real estate sector, with key news across different segments, district-by-district mapping and profiling, legislation, analysis of the residential, commercial, retail and hospitality markets, supply forecasts, data and more
  • Company profiles. More than 70 profiles of developers and contractors involved in Yangon real estate, as well as local authorities and state bodies relevant to the sector
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • A1 Construction
  • Creation Myanmar
  • IGE Land
  • LP Holdings
  • Myat Min
  • Sun Myat Tun
  • MORE

Section A: COVID-19 Real Estate Sector Overview

  • Myanmar Economy
  • Construction Work
  • Government Support
  • Qualitative Findings

Section B: Residential Market Analysis

  • High-end Residential Stock
  • Historical Supply Trends
  • Recent Supply Trends
  • Residential Pricing
  • Government Appraised Values
  • Sales, Demand Drivers, and Future Supply
  • Condominium Bylaws
  • Demand Drivers
  • Future Supply Pipeline
  • Mass market housing projects
  • New Mass Market Developments
  • Serviced Apartment
  • Serviced Apartment Market Overview
  • Summary Residential Outlook

Section C: Office Market Analysis

  • Historical Market Overview
  • Pricing
  • Office Stock and Supply
  • Future Supply
  • Shifting Centres
  • Occupancy
  • Outlook
  • Summary Office Outlook
  • Serviced Office Market Analysis

Section D: Retail Market Analysis

  • COVID-19 Impact
  • Background and New Developments
  • High-end Retail Supply
  • Pricing and lease terms
  • Future Supply
  • Occupancy and Tenant Breakdown
  • New Brand Entrants

Section E: Hospitality Market Analysis

  • Background and General Trends
  • COVID-19 Impact
  • An Already Challenging Market
  • High-End Supply
  • Room Rates
  • Long-Term Stay
  • Demand Through Quarantine
  • Government Support
  • Hospitality Outlook
Note: Product cover images may vary from those shown

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FEATURED COMPANIES

  • A1 Construction
  • Creation Myanmar
  • IGE Land
  • LP Holdings
  • Myat Min
  • Sun Myat Tun
  • MORE

Industry experts do not expect market recovery for at least two years, with all sectors severely impacted. Retail and hospitality have proven to be the most vulnerable to the crisis, with office and residential initially more resilient to the market shock

Approved Foreign Direct Investment is a positive indicator emerging from this challenging time, with approved investment in real estate significantly up over the last 12 months. The challenge will now be actualising these investments.

The residential supply pipeline has been pushed out with numerous delays resulting from the outbreak. Prices have already fallen significantly and the publisher expects this trend to continue in the second half.

Office rental prices fell in H1 2020 to their lowest levels in five years. This decline has likely been accelerated due to the COVID-19 impact, as previous forecasts suggested prices would remain consistent in 2020 from 2019.

Previously the success story of Myanmar's real estate sector, the retail sector remains in wait-and-see mode regarding the ongoing social distancing restrictions that are currently hobbling the segment. The publisher expects the segment to bounce back quickly once the crisis passes, buoyed by the strong fundamentals of Myanmar's growing middle class.

The hospitality sector was already in a difficult period when COVID-19 hit. Though tourist arrivals and expenditure in 2019 had given the industry hope of success in 2020, the virus has eliminated this opportunity. Uncertainty will allow for opportunities for those providers who can adapt quickly to the new and changing landscape to capture the new form of traveller that will emerge out of the pandemic.

Note: Product cover images may vary from those shown
  • A1 Construction
  • Adventure Myanmar Tours and Incentives
  • Apple Tree Asia
  • Asia Express
  • Asia Myanmar Consortium Development
  • Asia World
  • Aspidin Construction and Trading
  • Aung Kaung Kyaw Group
  • Aung Myin Pyae one (AMPS) Construction
  • Ayeryar Hinthar Construction
  • Beaver Group
  • Capital Development (CDSG
  • Chan Thar Shwe Myay
  • CHIDB
  • CITIC Construction
  • Creation Myanmar
  • Crown Advanced Construction
  • Dagon Construction
  • Department of Urban and Housing Development
  • Eden Construction
  • Ever Seiko (Living Square
  • Excellent Fortune Development Group
  • First Myanmar Investment
  • Ga Mone Pwint
  • Golden Thitsar
  • Golden Yadanar Myaing Construction
  • Green Vision
  • Hoang Anh Gia Lai (HAGL
  • Htoo Construction Development
  • Htun Myat Aung
  • IGE Land
  • iGreen Construction
  • Inno International Development
  • Jewellery Luck
  • Kajima Overseas Asia
  • Kanbawza (KBZ) Group
  • Keppel Land
  • KHG Development
  • KMA Construction and Real Estate
  • Korea Land and Housing
  • KT Group
  • Lat War Group
  • LP Holdings
  • Maha Nawarat Land
  • Mandalay Golden Wing Construction
  • Marga Global
  • Max Myanmar Construction
  • Ministry of Construction
  • Ministry of Hotels and Tourism
  • MKT Construction
  • Motherland Construction
  • Mottama Holdings
  • Myanmar Seilone
  • Myanmar V-Pile
  • Myat Min
  • Naing Group Capital
  • National Infrastructure Holdings
  • Nay Ga Bar Myanmar Construction
  • New Yangon City Development
  • Noble Twin Dragons
  • NSKRE Myanmar
  • Rich Mandalay Group
  • Sae Paing Development
  • Shan Star New generation & supplies
  • Shangri-La Asia
  • Shine Construction
  • Shwe Gon Development Group
  • Shwe Taung Property
  • Shwe Than Lwin Construction
  • Soilbuild (Myanmar
  • Sun Myat Tun
  • Surbana International Consultants (Myanmar
  • Sustain Construction
  • Ta Gaung Bwar
  • Taw Win Family
  • Tetlann
  • Toener International
  • Uniteam Investment
  • United GP Development
  • Wa Minn Properties Development
  • Yangon Metropolitan Development (YMD)
  • Yoma Strategic Holdings
  • Yuzana Group
  • Zaykabar
Note: Product cover images may vary from those shown
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