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Myanmar Real Estate News
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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...


Did You Know?
The voltage throughout Myanmar is 220-230 Volts AC. Most of the international class hotels in Yangon have their own generators. However in other places, voltage varies greatly and power often goes out. Valuable or... ... 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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