YANGON (MYANMAR)
PROPERTY MARKET REPORT
1sT hAlf 2011
TAblE Of cONTENTs
TOPIc PAGE
Myanmar Economic Overview - A lost half century 1
Myanmar Property Market Summary - The country has it all 5
Myanmar Industrial Overview - New growth story? 8
Yangon Industrial Estate Market - Part of the new dynamic 14
Yangon Overview and Zoning- How Yangon is defined 17
Yangon Hotel Market - No room at the inn 20
Yangon Serviced Apartment Market - All things for all men 25
Yangon Retail market - Brightening the city 28
Yangon Office Market - A long way to go 34
Yangon Condominium Market - A question of quality and affordability 36
Conclusion - The future for Yangon and the country could be very bright 42
1ST HALF 2011 | PROPERTY MARKET
YANGON (MYANMAR)
PROPERTY MARKET REPORT
1. Myanmar Economic
Overview
MYANMAR kEY fActs
Official Name: Union of Myanmar (Many countries including USA and UK
still officially refer to the country as Burma and many media groups also
have this as a practice)
Area: 676,578 sq km
Population: 55,400,000 (2009 estimate)
Density: 73.9/ sq km
capital: Na Pyi Taw
Government: The State Peace and
Development Council
Population Growth Rate: 1.52 Percent
Life Expectancy: 63.2 (male), 67.1 (Female)
(Rural) 2007 (P) 64.0 (male),
69.0 (Female) (Urban) 2007 (P)
Adult Literacy Rate: