Yangon Serviced Apartment Sector Quarter Update (3Q 2017)

Yangon Serviced Apartment Sector Remains the Most Attractive Sector

Myanmar Serviced Apartment Snapshots: Update 3Q2016

Myanmar Serviced Apartment Snapshots: Update 2Q2016

Real Estate Research Anayst, Rems Advisors

Vivienne Zhou Jinmiao

Real Estate Research Anayst

Rems Advisors

Thematic (Sector/Industry)

Myanmar Real estate / Thematic (Sector/Industry)

<h2><strong>Rents remained high despite 0.8% q-o-q decline</strong></h2><p>In 2Q 2017, Yangon Serviced Apartment Rental Index fell 0.8% quarter-on-quarter and 3.5% year-on-year. As compared to its peak at 1Q 2015, it has declined 8.1%. Despite the declining trend, the rents of serviced apartments in Yangon remain high as compared to other emerging markets. The average asking rent of 1-bedroom was about US$3,800 per month, 2-bedroom at US$5,700 per month, 3-bedroom at US$6,800 per month, 4-bedroom at US$7,800 per month while…</p>

Rents remained high despite 0.8% q-o-q declineIn 2Q 2017, Yangon Serviced Apartment Rental Index fell 0.8% quarter-on-quarter and 3.5% year-on-year. As compared to its peak at 1Q 2015, it has declined 8.1%. Despite the declining trend, the rents of serviced apartments in Yangon remain high as compared to other emerging markets. The average asking rent of 1-bedroom was about US$3,800 per month, 2-bedroom at US$5,700 per month, 3-bedroom at US$6,800 per month, 4-bedroom at US$7,800 per month while…

Yangon Serviced Apartment Sector Quarter Update (2Q 2017): The Most Resilient Sector