COVID-19's Impact on the Yangon Real Estate Market, H1 2020, with 80+ Project Profiles and 70+ Company Profiles

15 Jan 2021
www.globenewswire.com
Dublin, Jan. 15, 2021 (GLOBE NEWSWIRE) -- The "H1 2020 Yangon Real Estate Review - COVID-19 Edition" report has been added to ResearchAndMarkets.com's offering. 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 organizations, 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 Market Highlights 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 actualizing 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 traveler that will emerge out of the pandemic. Key Topics Covered 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 Companies Mentioned 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 For more information about this report visit Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
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