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MYANMAR REAL ESTATE PRICES SKYROCKETING, CAPITAL CITY YANGON HAS ONE OF THE HIGHEST RENTAL RATES IN ASIA, DUE TO BUSINESS DEMANDS

MYANMAR REAL ESTATE PRICES SKYROCKETING, CAPITAL CITY YANGON HAS ONE OF THE HIGHEST RENTAL RATES IN ASIA, DUE TO BUSINESS DEMANDS
Source: International Business Times - (17/07/2013)

Topics: Real Estate      Real Estate

Commercial real estate is booming in Myanmar’s capital city of Yangon as foreign companies respond to economic and political reforms by setting up shop in the Southeast Asian nation. Top-end office spaces in the city are commanding rents higher than anywhere in Asia with the exception of Beijing, Shanghai and Tokyo, and numerous skyscrapers are in development to meet the rapidly increasing demand. For years, Yangon’s buildings remained stunted compared to cities in more prosperous...


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Myanmar has three main seasons, hot season (March to May), rainy season (June to October) and cold season (November to February). ... More

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COUNTRY SNAPSHOT
GDP 2010 USD 45.4 B
GDP 2012 USD 54.0 B
Inflation 9.13 %
Unemployment Approx. 35%
GDP growth 2011 5.5 %
FDI 2011 USD 1.05 B
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