Myanmar | Colliers Press Conference July 2013

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Press conference in Bangkok relating to property market in Yangon.

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  • *Important* Please choose only one of these first four slides for the title slide of the presentation.
  • *Important* Please choose only one of these first four slides for the title slide of the presentation.
  • Myanmar | Colliers Press Conference July 2013

    1. 1. Colliers in Myanmar Tony Picon | Managing Director | Colliers International Myanmar Press conference | Bangkok
    2. 2. Colliers | The pioneer in Myanmar • Established Colliers International Myanmar in July 2013 • Office in Centrepoint Tower (next to new Hilton) • Property manager for Centrepoint Tower • First research report in H1 2011 • Growing portfolio of valuations, pre-feasibility studies, market studies, agency services • Represented Unilever, Nestle, Standard Chartered Bank • Strong growth expected as property market develops 2
    3. 3. Map of Yangon | How we zone the city 3 Thilawa Port 25 km Outside Yangon City
    4. 4. Office market 4
    5. 5. Office market | Demand to far outpace supply • Increase of 120,000 sq m by 2015 • Smaller office buildings • Not enough to meet demand • Demand – Oil & Gas, MNCs, Financial, Services, BPO • Rentals hit 100 USD per sq m per month • Expected to soar to 150 USD • Out of town for lower rentals • Growth of small serviced offices 5
    6. 6. Hotel market 6
    7. 7. Hotel market • Offices being moved out • Rates keeping RevPAR high • Hilton first US brand to enter • Hotels start to expand and renovate • New hotels to come on-stream • All grades required • Mandalay to the rescue – increasing airlift • Expect high rates for 3-5 years 7
    8. 8. Serviced apartment 8
    9. 9. Serviced apartment • Serious lack of supply of apartments • Also lack of alternatives – condo, cheap houses, non- serviced apartments • Demand expected to soar • Limited new supply and also large units and expensive • Expats must downgrade their lifestyle • Bangkok/Yangon day trips • Expats, Repats and now …… • meet the Bangkok “Halfpats” 9
    10. 10. Retail 10
    11. 11. Retail | Time for the big guns 11 ● Large retailers coming ● Local strength ● Limited luxury entry ● Mid-end and impulse ● Foreign demand ● Mixed use ● Less imports
    12. 12. Condominium 12
    13. 13. Condominium | Carry on regardless 13 ● Local to local ● A history of high rise ● Cash driven condo market ● A little more luxury ● Most expensive unit? ● Too stretched ● What is a condomium? ● The new law
    14. 14. Yangon Industrial Map 14
    15. 15. Industrial 15
    16. 16. Industrial Estates | Slow start 16 Land prices high • Poor quality • Pressure on port facilities • Disputed land • Source of FDI • Activity beginning • Thilawa SEZ – The future prime mover But
    17. 17. Renting space | Do your homework ● Study the market ● Due diligence ● Personality of owners ● Matter of money ● Simple leases ● Frontier market for a reason ● Landlords market....for now ● Support available 17
    18. 18. Worldwide leading in Real Estate Service Provider • “Accelerating Success” • 2nd largest commercial real estate • 2nd most recognized commercial real estate brand globally • Over 12,500professionals • 512Offices in 61Countries • Over 2 billionsq ft undermanagement • US$ 2 billionin revenue THANK YOU | Q &A

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