Rentals Driving Yangon Market

• Proeksa Meas
• 27 July 2017
• Construction Focus
• 1648 Views

With a vibrant rental sector driving the Yangon market, Myanmar real estate experts believe this trend could catalyse investment into residential developments and construction of new units.

Rental fees in Yangon offer much higher returns on investment than any neighbouring countries such as Thailand and Vietnam. This offers great opportunities for local and international investors, who can now own 35 percent of a local business thanks to a new investment law and a new condo law which will allocate 40 percent of available units to foreign buyers.

Though the market has slowed after an initial huge surge when Myanmar opened up, two bedroom units in luxury condo developments are still commanding rental fees of USD2,500 – 3,000 per month