Research | REMS
Yangon Serviced Apartment Market Quarter Update 1Q2017
Myanmar/Yangon
Yangon Serviced Apartment Market Quarter Update 1Q2017
Myanmar/Yangon
  • Sector
    Serviced Apartment
  • Published On
    2017-05-23
  • Outlook
    Positive

We made a visit to conclude a consultancy work where we review the performance of one of our favoured real estate sector. The Yangon Serviced Apartment Rental Index registered a slight decline in 1st quarter 2017 though the overall market occupancy rate increased by 1.3 percentage points. Amazingly, the occupancy at the relatively newer offerings like Marina Residence, Golden Hill Tower and Shangri-la Serviced Apartment remained at near 100% in the quarter with long waiting list. Is this a right time to enter the market? 

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