On Myanmar's property scene, cheaper condos are hot
PROPERTY players in Myanmar be jostling for condominiums in the low- to middle-income market, a real estate consultancy has suggested in its latest quarterly report.
With developers and local banks jointly dangling attractive long-term loan rates to woo first-time home buyers, this segment has been dubbed the market sector to watch in Q1 2020.
Still, Colliers International's research team warned that higher supply of serviced residences could put pressure on rents, even as demand still comes from studios and two-bedder units.
"The entry of new serviced apartments and projected rise in competition should exert further pressure on rents across all unit configurations," the analysts' report noted.
"Given that hotel projects and investments are still mostly geared towards the upper-scale segment, developers and operators should venture into the untapped mid-scale category."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Asean
Vietnam holds first gold auction in 11 years to stabilise market
8 in 10 firms in S-E Asia, Greater China positive about business environment: UOB survey
Thailand to replace military-appointed Senate, reduce its powers
Vietnam tech giant VNG seeks global push in gaming, AI cloud
Thailand’s 500 billion baht stimulus project gets Cabinet approval
Malaysia to build region’s largest chip design park in bid for top startup-hub status