Picon-Deed Nay Pyi Taw Property Market Report 2019
Matching realistic growth with grand ambition
Summary
• Internationally managed hotels surviving from supply glut
• International school opens new campus in preparation for embassy relocation
• Retail malls flourishing
• Poorly managed hotels struggle with significant vacancies
http://bit.ly/Naypyitaw_report_2019
Singapore & Hong Kong, Asia's Wealth MagnetsPatrick Ho
Synopsis: Investors are taking a close look at Singapore and Hong Kong as keywealth management centres in Asia. And there is no stopping these two financial hubs from growing their clout.
Status QUO - Issue 7 - Hospitality and Travel InsightsQUO
Status QUO Issue 7 is out now!
This issue, we speak to hospitality leaders about the most-talked-about topic in the industry: mergers. With a recent raft of consolidations, and rumours of more to come, we ask about the implications of management company mergers for hotel brands and the guest experience. Is this new world of hotel giants good for the guest and the bottom line?
Also in this issue, QUO CEO David Keen reflects on 20 years of creating brand cultures, QUO’s content director, Orion Ray-Jones, muses on the secret to crafting the perfect hotel name, and Daniel Grossberg, QUO brand strategist, explores the power of content marketing for engaging on a deeper level with hotel guests.
Discover:
Why Vietnam’s Ho Tram is attracting the interest of hotel investors
How developments in the Indian restaurant scene are leaving hotels playing catch-up
What a major German hotel group is doing to refocus on the international market
Why that trendy new website design might be hampering your performance
If a digital magazine is the right way to communicate with your guests
Sail Residences by SM Development Corporation.
Condominium project located in MOA Bay Area, Pasay, City
Investment for Foreigners and Filipinos.
Contact: Don Alrick for more information
+63 9190051189
donalricks@gmail.com
Singapore & Hong Kong, Asia's Wealth MagnetsPatrick Ho
Synopsis: Investors are taking a close look at Singapore and Hong Kong as keywealth management centres in Asia. And there is no stopping these two financial hubs from growing their clout.
Status QUO - Issue 7 - Hospitality and Travel InsightsQUO
Status QUO Issue 7 is out now!
This issue, we speak to hospitality leaders about the most-talked-about topic in the industry: mergers. With a recent raft of consolidations, and rumours of more to come, we ask about the implications of management company mergers for hotel brands and the guest experience. Is this new world of hotel giants good for the guest and the bottom line?
Also in this issue, QUO CEO David Keen reflects on 20 years of creating brand cultures, QUO’s content director, Orion Ray-Jones, muses on the secret to crafting the perfect hotel name, and Daniel Grossberg, QUO brand strategist, explores the power of content marketing for engaging on a deeper level with hotel guests.
Discover:
Why Vietnam’s Ho Tram is attracting the interest of hotel investors
How developments in the Indian restaurant scene are leaving hotels playing catch-up
What a major German hotel group is doing to refocus on the international market
Why that trendy new website design might be hampering your performance
If a digital magazine is the right way to communicate with your guests
Sail Residences by SM Development Corporation.
Condominium project located in MOA Bay Area, Pasay, City
Investment for Foreigners and Filipinos.
Contact: Don Alrick for more information
+63 9190051189
donalricks@gmail.com
A survey based research project exploring the impact of the economic downturn on attitudes to Islamic Finance (IF). Identifying a correlation between this event and its increased use as a financing instrument. Is IF a sustainable financing option in the long term and how effective is its application as an alternative funding source in the area of real estate investment in Western markets such as the UK? How well does IF stack up against conventional finance in the wake of the current economic model being questioned? Questionnaires were sent to selected senior level influencers at leading institutions specialising in IF to gain a variety of board and executive-level perspectives on these and other questions, relating to the practice of IF outside of predominantly Islamic centres and its value in the context of real estate investment.
YOUR BUSINESS IS YOUR PROFITABILITY IN CONCEPT HOTEL FUTURIST. SEE YOUR FUTURE AS YOUR PRESENT AND INVEST IN CREATIVITY THAT MAKES SENSE AND REALITY FOR BOTH GUESTS, MANAGEMENT AND STAFF. A NEW VISION AT SHORT TERM, MID TERM OR LONG TERM QUALITY AND TECHNOLOGY HOSPITALITY INDUSTRY.
Real Estate Investment Philippines
Economy, Tourism, Investment, SRRVisa, SMDC, Federal Land, Ayala Land, etc.
REBL 0019741
Pasay, Paranaque, Manila, Cavite, Quezon City, Taguig, BGC, Bay Area.
Solaire, Okada, Resorts World, City of Dreams
Source: Juwai, Business World, Smdc, Ayala Land, Federal Land, DMCI, Megaworld.
This publication is aimed at brokers, developers, and consumers looking to gain better insight into the real estate market.
The magazine’s content takes real estate developers and agents’ interests into account and also provides them with a marketing platform to advertise their properties.
Additionally, it provides a market overview based on the business intelligence reports collected by Lamudi and provides insights of the trends in the property sector.
YOUR BUSINESS IS YOUR PROFITABILITY IN CONCEPT HOTEL FUTURIST. SEE YOUR FUTURE AS YOUR PRESENT AND INVEST IN CREATIVITY THAT MAKES SENSE AND REALITY FOR BOTH GUESTS, MANAGEMENT AND STAFF. A NEW VISION AT SHORT TERM, MID TERM OR LONG TERM QUALITY AND TECHNOLOGY HOSPITALITY INDUSTRY.
Vestian is a contemporary workplace solutions firm that specializes in providing occupier-focused real estate facility management services to Corporate end-users across emerging markets.
https://www.vestian.com/
Strategically located at the heart of Asia, Thailand aptly serves investors as a dynamic gateway to a fast growing economic market. Our growing economy, world-class infrastructure, competitive human capital and strong government support, are responsible for our key position as one of the most attractive investment destinations for foreign investors.
Premium Property Outlook: 2015 in Retrospect (Nigeria) VICTOR NKWOCHA
A real estate performance review report for premium developments in Nigeria (Lagos, Abuja and Port-Harcourt) for 2015. Published by Fine and Country, Prepared by Victor Nkwocha
KMC MAG Group is pleased to present to you the Metro Manila Property Outlook for 2015, which offers the latest data, research, and forecast on the Philippines' top central business districts (CBDs) and emerging CBDs in Metro Manila. Some of the report's highlights:
With a GDP growth of 6.1% and strong macroeconomic fundamentals, the Philippines remains as one of the bright spots in both the global and regional scale.
Driven by strong economic performance, the real estate market is expected to remain buoyant across all sectors this year. Real estate activity remains to be in full swing, with developers allocating massive capex programs amounting to over PHP 300-billion into building townships across the city.
The office sector is still the most wanted asset class, with its robust rental growth due to high take-up from the business process outsourcing industry.
The retail sector also continues to be the top gainer among all sectors, further boosted by the declining oil prices that has increased savings for the economy.
Meanwhile, in the residential market, rates continue to grow although at a more modest rate as well as in hotels and leisure, whose long-term growth is being stifled by lack of sound infrastructure.
In spite of these opportunities, the Philippines' strict foreign ownership policies and lack of solid infrastructure remain as roadblocks towards sustainable and long-term growth for PH economy.
Market remains strong for landed properties
Summary
• Growing demand for luxury gated villa developments
• Mixed picture for high rise condominium living
• Slow improvement in retail offerings but still in its infancy
• Increasing opportunities for Mandalay with Belt & Road Initiative
A survey based research project exploring the impact of the economic downturn on attitudes to Islamic Finance (IF). Identifying a correlation between this event and its increased use as a financing instrument. Is IF a sustainable financing option in the long term and how effective is its application as an alternative funding source in the area of real estate investment in Western markets such as the UK? How well does IF stack up against conventional finance in the wake of the current economic model being questioned? Questionnaires were sent to selected senior level influencers at leading institutions specialising in IF to gain a variety of board and executive-level perspectives on these and other questions, relating to the practice of IF outside of predominantly Islamic centres and its value in the context of real estate investment.
YOUR BUSINESS IS YOUR PROFITABILITY IN CONCEPT HOTEL FUTURIST. SEE YOUR FUTURE AS YOUR PRESENT AND INVEST IN CREATIVITY THAT MAKES SENSE AND REALITY FOR BOTH GUESTS, MANAGEMENT AND STAFF. A NEW VISION AT SHORT TERM, MID TERM OR LONG TERM QUALITY AND TECHNOLOGY HOSPITALITY INDUSTRY.
Real Estate Investment Philippines
Economy, Tourism, Investment, SRRVisa, SMDC, Federal Land, Ayala Land, etc.
REBL 0019741
Pasay, Paranaque, Manila, Cavite, Quezon City, Taguig, BGC, Bay Area.
Solaire, Okada, Resorts World, City of Dreams
Source: Juwai, Business World, Smdc, Ayala Land, Federal Land, DMCI, Megaworld.
This publication is aimed at brokers, developers, and consumers looking to gain better insight into the real estate market.
The magazine’s content takes real estate developers and agents’ interests into account and also provides them with a marketing platform to advertise their properties.
Additionally, it provides a market overview based on the business intelligence reports collected by Lamudi and provides insights of the trends in the property sector.
YOUR BUSINESS IS YOUR PROFITABILITY IN CONCEPT HOTEL FUTURIST. SEE YOUR FUTURE AS YOUR PRESENT AND INVEST IN CREATIVITY THAT MAKES SENSE AND REALITY FOR BOTH GUESTS, MANAGEMENT AND STAFF. A NEW VISION AT SHORT TERM, MID TERM OR LONG TERM QUALITY AND TECHNOLOGY HOSPITALITY INDUSTRY.
Vestian is a contemporary workplace solutions firm that specializes in providing occupier-focused real estate facility management services to Corporate end-users across emerging markets.
https://www.vestian.com/
Strategically located at the heart of Asia, Thailand aptly serves investors as a dynamic gateway to a fast growing economic market. Our growing economy, world-class infrastructure, competitive human capital and strong government support, are responsible for our key position as one of the most attractive investment destinations for foreign investors.
Premium Property Outlook: 2015 in Retrospect (Nigeria) VICTOR NKWOCHA
A real estate performance review report for premium developments in Nigeria (Lagos, Abuja and Port-Harcourt) for 2015. Published by Fine and Country, Prepared by Victor Nkwocha
KMC MAG Group is pleased to present to you the Metro Manila Property Outlook for 2015, which offers the latest data, research, and forecast on the Philippines' top central business districts (CBDs) and emerging CBDs in Metro Manila. Some of the report's highlights:
With a GDP growth of 6.1% and strong macroeconomic fundamentals, the Philippines remains as one of the bright spots in both the global and regional scale.
Driven by strong economic performance, the real estate market is expected to remain buoyant across all sectors this year. Real estate activity remains to be in full swing, with developers allocating massive capex programs amounting to over PHP 300-billion into building townships across the city.
The office sector is still the most wanted asset class, with its robust rental growth due to high take-up from the business process outsourcing industry.
The retail sector also continues to be the top gainer among all sectors, further boosted by the declining oil prices that has increased savings for the economy.
Meanwhile, in the residential market, rates continue to grow although at a more modest rate as well as in hotels and leisure, whose long-term growth is being stifled by lack of sound infrastructure.
In spite of these opportunities, the Philippines' strict foreign ownership policies and lack of solid infrastructure remain as roadblocks towards sustainable and long-term growth for PH economy.
Market remains strong for landed properties
Summary
• Growing demand for luxury gated villa developments
• Mixed picture for high rise condominium living
• Slow improvement in retail offerings but still in its infancy
• Increasing opportunities for Mandalay with Belt & Road Initiative
Seiha Macro Perspectives of Real Estate Industry and Outlooks 2016Hoem Seiha
Notably, during the first quarter of 2016 the Kingdom attracted 473 investment projects in the construction sector worth of in total US$1.6 billion, showing an increase of 257.51 percent compared with the same period last year. In 2015, construction investment values grew by 33 percent y-o-y if compared to 2014, with most investments were injected into condominiums and commercial complexes.
Developments that will change cebu’s landscapehotproperty02
With this mega infrastructures on the rise and the economic potential of Cebu to become a world class destination for tourism, BPO-IT, manufacturing zones etc…, it is forecasted that other towns and neighbouring provinces will follow or complement this economic boom.
Similar to Naypyitaw Property Market Report 2019 (20)
Jostling for pole positions as market liberalises
Summary
• Government finally makes keys decisions for future liberalisation
• Key foreign life insurance companies ready for 100% owned operations
• Joint-ventures in the making for the general (non-life) insurance segment
• Myanmar offers significant growth opportunities in the short to long term
• The real estate sector will benefit in different ways from the new insurance direction
Lower grade apartments offer strong potential
Summary
• Midtown continues to dominate serviced apartment market
• Wide variations in Grade B pricing and quality
• Emergence of aparthotels beginning in Yangon
• One-bedroom units command significantly higher rental rates per square metre
Tenants seeking value for money
Summary
• Lower rental rates buoy occupancy levels
• Limited new entrants due to political situation
• Gradual reform process positive for existing businesses
• Continued move towards dedicated office space
Special/specific economic zones (SEZs) successfully targeting industrial sector
Industrial zone development taking shape in southern Laos as well as Vientiane
Manufacturers assisted by beneficial trade terms with European Union and Japan
Implementation of ASEAN free trade area expected to lead to further progress
Growing transport infrastructure links open doors to logistics sector
Belt & Road Initiative (BRI) expected to spearhead increased industrial activity
Scanning tenants in NYC requires a thorough and compliant approach to ensure you find reliable renters. For a positive rental experience, consider hiring a property management service. Belgium Management LLC specializes in NYC rental property management and tenant relationship management. We prioritize tenant satisfaction, making us a trusted name in New York property management. Our dedicated team ensures tenants feel valued and supported throughout their lease.
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Avrupa Konutlari Yenimahalle - Listing TurkeyListing Turkey
Welcome to Avrupa Konutları Yenimahalle, where luxury living meets unparalleled convenience in the heart of Istanbul. Developed by Artaş Holding, one of Turkey’s leading construction companies, this prestigious residential project offers a contemporary lifestyle experience like no other.
https://listingturkey.com/property/avrupa-konutlari-yenimahalle/
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
Vinra Construction Tech Enabled Company for Eco-Friendly Home Construction
Contact With Vinra for a Greener Future >>> Call us @ 888 4898 765
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
Flat available for sale
Location- Tupudana, Ranchi
Savitri enclave
Area- 3BHK
Rate- 4000/sq.ft.
Super Build Up Area-1629 sq.ft.
Build-up area-1253 sq.ft.
Rate- 65lakh16k(approx)
Floor available- Flat available in all floor(G+12)
Balcony- 2
Washroom- 2
Parking - CAR PARKING
Amenities- Joggers track,temple, children's park,gym,banquet hall (5 Lakh)
Possession year (Handover year)- Dec 2025
Outside View from the apartment and flat balcony is very beautiful.
For more information contact AASHIYANA STAR PROPERTIES
7766900371
MC Heights-Best Construction Company in jhanglaraibfatim009
MC Heights stands as the epitome of excellence in construction within Jhang. With a commitment to unparalleled quality and innovative design, MC Heights redefines urban living in the heart of Jhang. Offering luxurious residential spaces, cutting-edge commercial complexes, and vibrant community areas, MC Heights caters to the diverse needs of modern lifestyles. Our dedication to superior craftsmanship and customer satisfaction ensures that every aspect of MC Heights exceeds expectations, making it the premier choice for those seeking unparalleled sophistication and comfort in Jhang.
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
https://listingturkey.com/property/referans-bahcesehir/
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...JagadishKR1
Immerse yourself in the epitome of luxury living at Urbanrise Paradise on Earth. These opulent 4 BHK villas, nestled off the prestigious Kanakapura Road in Bangalore, redefine elegance and sophistication. With meticulous craftsmanship, breathtaking design, and unparalleled amenities, Urbanrise Paradise on Earth offers a sanctuary where every moment is infused with luxury and serenity. Experience a life of grandeur and indulgence at this exclusive residential enclave.
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BrickAndBolt
Load-bearing walls are the backbone of any home construction, providing crucial structural support that carries the weight of the house above. For companies like Brick and Bolt Mysore and Bricknbolt Faridabad, understanding and properly implementing these elements are key to constructing safe and durable buildings.
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...
Naypyitaw Property Market Report 2019
1. Myanmar | research reports
Nay Pyi Taw
PROPERTY MARKET REPORT SEPTEMBER 2019
Matching realistic growth with grand ambition
Summary
• Internationally managed hotels surviving from supply glut
• International school opens new campus in preparation for embassy relocation
• Retail malls flourishing
• Poorly managed hotels struggle with significant vacancies
INTRODUCTION
There are signs of new growth in Nay Pyi Taw,
Myanmar’s administrative capital. The city, which is
located approximately halfway between the city’s two
most populous cities – Yangon and Mandalay – has
been the seat of Myanmar’s government since 2006
and is one of a growing number of the world’s
planned, administrative cities.
The list includes Washington (United States), Canberra
(Australia), Brasilia (Brazil) Nur-Sultan (Kazakhstan) and
Abuja (Nigeria). But it will not be the last: Indonesia
recently announced that it will relocate the government
from notoriously traffic-choked and waterlogged
Jakarta to East Kalimantan, a province on the island of
Borneo.
A small number of diplomatic missions have already
signalled their intent to establish a greater presence in
Nay Pyi Taw by announcing the opening of liaison
offices in the capital, a move that will eventually lead to
a shift their embassies to the capital.
Faster to move have been companies, especially those
that work in the business-to-government sphere, a
growing number of which have already set up a
physical presence in Nay Pyi Taw. Multilateral
organisations such as the United Nations, that work
closely with the government, have already set up a
base in Nay Pyi Taw and will likely grow further in
future.
Nay Pyi Taw already has a broad range of
accommodation options available and the opening of a
new international school makes the city appear better
equipped than ever before to become a family
destination for expatriates.
2. Nay Pyi Taw Property Market Report September 2019
2
However, one sticking point that seems no closer to
resolution is the availability of international healthcare
facilities: as yet none of the international providers
have announced plans to open even a clinic in Nay Pyi
Taw. The need to develop the capital as a viable
international city is still challenging on a financial level.
NAY PYI TAW TOWNSHIPS
Nay Pyi Taw has been designated a Union Territory
directing administered by the president. The small
town of Pyinmana existed before the relocation but
most of the capital’s near one million inhabitants
arrived after 2005. The city is divided into a number of
townships that generally do not have a significant
bearing on the zonal nature of the planned city.
POPULATION DENSITY OF SECONDARY CITY
CAPITALS
Source: Picon-Deed Research
Many countries all over the world have located their
capitals to secondary cities instead of the main
commercial city. Often such new capitals are designed
from scratch with an emphasis on low density living.
Even compared to other such capitals Nay Pyi Taw has
a far lower population density due to its significant land
size, which is evident to anyone driving around the city.
This creates a feeling of isolation and lack of vibrancy
throughout the city that will take some time to
alleviate.
PROPORTION OF POPULATION AS GOVERNMENT
EMPLOYEES
Source: Picon-Deed Research
As the administrative capital of the country Nay Pyi
Taw contains a significant proportion of government
employees. Zabu Thiri Township hosts the largest
proportion of government employees in relation to
overall population because accommodation was
designated specifically for government employees
there, including colour-coded roofs based on job
designation. Zabu Thiri is also the location of many
government functions such as various ministries.
Zaya Thiri Township records the second-highest
proportion of government staff to general population,
courtesy of the large numbers of military personnel
posted there.
NAY PYI TAW ZONING
NAY PYI TAW ZONES
The existing township structure only goes some way to
explaining the overall structure of the city. The initial
planning of Nay Pyi Taw was based on distinctive
geographical zoning for particular functions: hotels,
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Nay Pyi Taw Ottawa Brasilia Canberra Nursultan Abuja
Populationpersqkm
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Dekkhina
Thiri
Lewe Tatkon Pyinmana Ottara Thiri Pobba Thiri Zayar Thiri Zabu Thiri
3. Nay Pyi Taw Property Market Report September 2019
3
government ministries, military uses and diplomatic
missions.
INFRASTRUCURE AND FACILITIES
As a planned city, Nay Pyi Taw is becoming well
equipped in terms of its infrastructure and facilities,
with one key omission: international-grade healthcare
facilities. There is a range of government-run and
private healthcare facilities in Nay Pyi Taw to handle
nearly any emergency, but medevac insurance would
be mandatory for any international staff based in the
city.
Otherwise the city has multiple leisure options that
include parks, retail malls, cinemas, sporting facilities,
bike trails and plenty of swimming pools, located in
many of the hotels. Given the sparse traffic, it is also
easy to explore the surrounding areas.
Road transport
Nay Pyi Taw is a city linked only by road – there is no
dedicated metro line. Many of the expatriates who call
Nay Pyi Taw home have arranged their own transport –
either by buying or renting a motorcycle or car.
Arranging personal transport within Nay Pyi Taw is
listed as important by long-term residents to ensure
they have the freedom to buy groceries, visit
restaurants, attend after work events, travel during
weekends and make social appointments.
There is also a public bus network within Nay Pyi Taw
with routes geared to service the needs of the civil
servants. There are regular day and night buses
between Nay Pyi Taw and both Yangon and Mandalay.
It takes about five or six hours to get from Yangon to
Nay Pyi Taw, with buses stopping at either of the city’s
two main bus stations: Thapyegone and Myoma Zay,
which are in close proximity.
Air transport
Nay Pyi Taw International Airport is a large airport
located about 10 miles (16km) to the southeast of the
city. The airport is capable of handling up to 3.5 million
travellers a year.
The airport has daily flights from Yangon and Mandalay
domestically, as well as direct flights to Bangkok,
Shenzhen and Kunming on China Eastern Airlines. The
limited number of international destinations served is
also an impediment for expats wishing to locate in the
capital.
Rail transport
It is entirely possible to ride the train from Yangon
Central Station to Nay Pyi Taw but it can take up to
nine hours. Passengers can elect to alight at either
Pyinmana or at the huge and underutilised Nay Pyi Taw
station.
Education
Nay Pyi Taw has three international schools at present
ranging from modest student numbers up to mid-size
facilities that house hundreds of school students –
enough to create mini traffic jams during pickup and
drop off times.
Sports and events
Nay Pyi Taw hosted the 2013 Southeast Asian (SEA)
Games and contains an impressive array of sporting
venues.
The city also has an enormous conference hall:
Myanmar International Convention Centre 2, that is
capable of hosting thousands of visitors.
HOTEL SECTOR
Apart from government buildings, the main focus of
real estate in Nay Pyi Taw is the provision of hotel
rooms. In general the government mandated a wide
range of developers and other businesses to construct
and manage hotels shortly after the announcement of
the new capital in 2006, likely in exchange for trading
and mining concessions in other parts of the country.
The purpose was to host events planned for the capital
culminating in the SEA Games in 2013 and the
chairmanship of ASEAN in 2014.
HISTORICAL SUPPLY OF HOTEL ROOMS
Source: Picon-Deed Research
-100
900
1,900
2,900
3,900
4,900
5,900
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Numberofrooms
Supply at start ofyear New supply
4. Nay Pyi Taw Property Market Report September 2019
4
The surge in hotel rooms took place during the first
half of the 2010s with the initial focus on the southern
hotel zone where the lion’s share are rooms are still
located. The construction boom came to a halt in 2014
upon completion of most of the planned hotels.
PROPORTION OF HOTEL ROOMS PER SECTOR
Source: Picon-Deed Research
The first batch of hotels was locally managed and
varies widely to this day in terms of facilities, quality
and service delivery. The National Guesthouse Zone
(also defined as the International Zone) was developed
a year or two later with locally owned hotels managed
by upper-scale international brands to provide a better
and more consistent level of service. These hotels are
the main focus for attendees of the international
conferences such as the Euromoney Global Investment
Forum, with the hotels in the other zones handling the
spillover.
The Southern Zone contains most hotel rooms,
stretched thinly along Yaza Thinghaha road. Some are
within walking distance of two malls in the city. The
Northern Zone hotels are quite isolated, even by Nay
Pyi Taw standards.
PROPORTION OF HOTEL ROOMS BY CATEGORY
Source: Picon-Deed Research
The grading of hotel rooms is based on a number of
factors such as room size and design, facilities and
reviews. In Nay Pyi Taw there is an even balance
between the three categories catering to different
requirements and budgets.
Many dignitaries and executives visit the capital and
will usually stay in upper-scale hotels, especially in the
National Guesthouse Zone. Lower grade hotels cater
to businesspeople visiting the capital and a small but
growing number of tourists, especially from China, who
travel on tour buses.
Hotels are often fully booked during the twice-yearly
Gem Emporiums when gem and jade buyers descend
on Nay Pyi Taw to buy lots at auction. It is estimated
that around 4,500 visitors visit Nay Pyi Taw for this
event thus filling many of the hotels. Other large-scale
events can fill up many of the hotels especially in the
National Guesthouse Zone but otherwise the abundant
supply of rooms far outnumbers the trickle of guests
staying in the capital.
As a result of the significant mismatch between
demand and supply a number of hotels have chosen to
close down operations except for the occasional high-
demand periods such as the Gem Emporium.
National
Guesthouse
18%
Northern
12%
Pyinmana/Zabu
Thiri
3%
Southern
64%
Western
3%
National Guesthouse Northern Pyinmana/Zabu Thiri Southern Western
Economy
35%
Mid-Scale
36%
Upper-Scale
29%
5. Nay Pyi Taw Property Market Report September 2019
5
RESIDENTIAL SECTOR
PROPORTION OF HOUSEHOLDS LIVING IN
APARTMENTS
Source: Picon-Deed Research / 2014 Population and Housing
Census
Due to the building of apartments specifically for
government employees when the capital moved from
Yangon, the township of Zayar Thiri – and to a lesser
extent Pobba Thiri – contains a significant number of
apartments. Otherwise, landed property dominates the
housing market.
Despite the overall size of Nay Pyi Taw, the proportion
of housing that meets expatriate needs is limited,
although there is a neighbourhood in Ottara Thiri
Township that has found favour with expatriates. In
general the quality of such residences does not match
international standards with often poor interior
finishing and limited maintenance by the landlords.
Instead, most expats make long-term agreements with
the hotels to lease suites or bungalows, which are
mildly refitted with kitchen appliances, additional
bench space and kitchen sinks. Currently most expats
living in Nay Pyi Taw are single so smaller one
bedroom or studio units are acceptable if not ideal,
with only limited facilities for long-stay guests.
Many hotels have an unusual spread of different room
types, with too many large-size suites than would
normally be considered ideal. However, these larger
rooms lend themselves to conversion to long-stay
arrangements, with the normal facilities of resort-style
hotels: swimming pools, tennis courts and gyms being
further draws. Currently most conversions have been
undertaken by the internationally managed hotels
although a good source of demand is possible as more
expats locate to Nay Pyi Taw for locally managed
hotels that can upgrade their rooms for long-stay use.
RETAIL SECTOR
The sudden move of the capital from Yangon to Nay
Pyi Taw in 2006 and subsequent relocation of
government employees did not take into account the
retail needs of the new occupants. The existing town of
Pyinmana provided some rudimentary facilities and the
building of the traditional Myoma market went some
way to help with the hardship. However, mass retail
began to appear in 2009 with the opening of the first
phase of Junction Nay Pyi Taw by Shwe Taung Group.
HISTORICAL SUPPLY OF MASS RETAIL SPACE
Source: Picon-Deed Research
Since then another three malls have opened their
doors: one other mall in the Southern Zone and two
more in the Northern Zone close to the high-end
residential area of Ottara Thiri Township. Due to the
lack of entertainment options the retail malls provide
one of the main sources of activity in the city with
numerous food and beverage outlets and cinemas.
Generally the better-managed malls can be quite busy
during peak periods of the day and at weekends.
SPENDING POWER FOR NAY PYI TAW ZONES
Source: Picon-Deed Research / 2014 Population and Housing
Census
The 2014 Population and Housing Census provides a
number of different criteria that indicates spending
power within townships in the absence of income data.
By far the highest is Zabu Thiri Township, which also
0% 10% 20% 30% 40% 50% 60% 70%
Lewe
Dekkhina Thiri
Tatkon
Pyinmana
Ottara Thiri
Pobba Thiri
Zayar Thiri
Zabu Thiri
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
ApproximateNetLeaseableareasquaremetres
Supply at start ofyear New supply
0 20 40 60 80 100 120
Zabu Thiri
Zayar Thiri
Pyinmana
Pobba Thiri
Ottara Thiri
Detkhina Thiri
Tatkon
Lewe
Aggregate Points
6. Nay Pyi Taw Property Market Report September 2019
6
contains the highest proportion of government
employees. This compares to similar grading for some
Yangon townships such as North Dagon and Thaketa.
It would appear that townships that have less
involvement with government operations fare less well
in terms of economic development and these tend to
also be predominantly rural.
OFFICE SECTOR
Currently many Yangon-based companies, both local
and foreign, have also set up in Nay Pyi Taw due to the
proximity to government officials, especially in the
business-to-government realm. Although there is no
official record, it appears that the majority of foreign
entities are from Japan and China, with their emphasis
on infrastructure projects.
The other significant users of office space are
multilateral organisations and international non-
government organisations that also have a need to be
near government decision-makers. At present most
companies and organisations opt to lease landed hotel
rooms (especially suites) or villas located in various
parts of Nay Pyi Taw. No actual purpose-built office
exists in Nay Pyi Taw to accommodate such
companies.
In mid-2018 12 of the 17 United Nations agencies
present in Myanmar started operations in Nay Pyi Taw
using space at the Union of Myanmar Federation of
Chambers of Commerce and Industry building in
Ottara Thiri Township. Despite the movement towards
Nay Pyi Taw, in reality many offices are lightly staffed
and key officials and executives – especially in the
corporate sector – still choose to live in Yangon and
commute to Nay Pyi Taw based on meetings. Over
time this will be expected to change as Myanmar’s
economy develops further.
INDUSTRIAL
Nay Pyi Taw possesses significant amounts of land that
could be used for industrial purposes and there is
already some light industrial activity in Dekkhina Thiri
Township, between the city and the Yangon-Mandalay
express highway. However, recent visits suggested that
much of the industrial infrastructure in place is used
more for warehousing purposes.
On the southern side of the Nay Pyi Taw Airport – and
actually within the bounds of Bago Region – there is a
dedicated industrial estate at the town of Yeni,
eponymously called the Yeni Industrial Township. This
2,000-acre zone (809.3 hectares) is only a few hundred
metres off the old Yangon-Mandalay highway and
provides large plot sizes, excellent transport links
(including a rail line) and reliable electricity. Existing
tenants include several large Chinese-owned garment
factories. The southern township of Lewe is
predominantly rural and less developed and provides
an ample supply of potential labour for future factories.
FUTURE DEMAND
Future demand in Nay Pyi Taw for both residential and
office sectors is likely to be driven by government
pressure, likely regardless of which political party is in
power, to exert pressure on INGOs and United Nations
offices to shift at least part of their operations to Nay
Pyi Taw, with diplomatic missions likely to follow not
too far behind.
At present the UN agencies in the capital are nearly all
headquartered in the Union of Myanmar Federation of
Chambers of Commerce and Industry building but in
future they are likely to overwhelm the facility and be
inclined to move to a larger space.
Many companies are likely to consider Nay Pyi Taw to
not be worth the effort unless they have business with
the government or other institutions already in the
capital. However, businesses that work on a business-
to-government platform will likely further cement their
links in Nay Pyi Taw and might, in the relatively near
future, have need or more sizeable, dedicated office
space. As Nay Pyi Taw develops further the city could
witness a tipping point where the entry of INGOs,
companies and embassies lead to a greater move to
the capital.
7. Nay Pyi Taw Property Market Report September 2019
7
DIPLOMATIC SHIFT FROM YANGON
The current situation is that all embassies are officially
located in Yangon despite the capital city designation
being changed in 2006. Since this time the
government has made occasional campaigns to
persuade the embassies to move. The political climate
in Myanmar was one justification for staying put but a
more practical consideration is the lack of facilities,
especially hospitals and schools that would need to be
provided before expats would consider moving there
with families in large numbers.
The government has provided 120 plots of 5.7 acres
each in a specially designated diplomatic zone in
Dekkhina Thiri Township for purpose of constructing
embassies but so far no activity has taken place.
KEY OFFICERS OF UNITED STATES FOREIGN
SERVICE POSTS
Source: Picon-Deed Research / United States Department of
State Telephone Directory
Generally the move of embassies can take a
considerable amount of time due to the bureaucratic
nature of government operations and also the
unwillingness to move from what are usually exciting
cities such as Sydney or Rio de Janeiro to more
soulless new capitals. It is expected that the relocation
may practically take as long as 10 years from start to
finish.
Some countries are establishing liaison offices in Nay
Pyi Taw as the precursor to an eventual full relocation.
In general a move to a new capital is more efficient as
many diplomatic functions need to be close to their
host government and a move by some embassies may
lead to others to do likewise given the better chance to
build relationships with officials by being actually
based there.
The most important take generally from countries
eventually moving their embassies is that the majority
of staff will be based in the new capital, even though
many large countries will also have a significant
consular presence in Yangon due to it being the
commercial centre of the country.
CONCLUSION
Nay Pyi Taw is a story of increments: the military
government surprised everybody by up and moving to
the new capital, likely pleasing Yangon’s residents who
no longer had to live with daily motorcades.
Diplomatic missions and UN bodies have been
extremely coy about relocating to Nay Pyi Taw but bit-
by-bit the overall resistance to the capital is lessening.
And in contrast to Yangon, Nay Pyi Taw offers some
compelling advantages in terms of clean air and very
light traffic.
When international grade healthcare becomes
available in Nay Pyi Taw along with better transport
connections especially by air and rail, then perhaps
more expatriate families will be more amenable to a
move to the capital and Nay Pyi Taw can become a
more organic city.
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