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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 climate of Myanmar is generally humid, and it receives less rainfall but the temperature remains quite mild all through the year. ... More

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Incheon Named Preferred Bidder on Myanmar’s New Global Air Hub
Incheon Named Preferred Bidder on Myanmar’s New Global Air Hub

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Is Burma open for business? BBC World News discusses the challenge - Invest Myanmar.biz video
Is Burma open for business? BBC World News discusses the challenge

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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