The shortage of property in Myanmar’s capital Yangon and the rising price trends for newly built residential and commercial real estate are prompting more and more foreign property developers to set foot in the country.
There is a huge undersupply of business office space. In late 2012, there was about 60,000 sq m of office space in Yangon, less than some individual office buildings in Bangkok.
Early 2013, office rentals in Yangon has gone up to US$ 85 / sq mtr per month.
Did You Know?
In 2006 the capital of Myanmar was moved from Yangon (formerly Rangoon) to Nay Pyi Taw.