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H2 2019

Yangon Real Estate Review

Since 2014 FMR has produced the most detailed periodic research reports on the Yangon property market.


The Yangon Real Estate Review is researched by our team through hundreds of site visits and interviews. It contains more than 250 pages of information and is an essential resource for developers, contractors, consultants, lenders, materials suppliers and other companies.


Our most recent edition, the H2 2019 Yangon Real Estate Review released in February 2020. It contains three main sections:


  • Project profiles. More than 70 detailed profiles of in-planning or under-construction projects, with information on developer, status, location, funding, pricing, sales take-up, contractors and consultants, completion dates, background and more
  • Market review. Analysis of the Yangon real estate sector, with key news across different segments, district-by-district mapping and profiling, legislation, analysis of the residential, commercial, retail and hospitality markets, supply forecasts, data and more
  • Company profiles. More than 80 profiles of developers and contractors involved in Yangon real estate, as well as local authorities and state bodies relevant to the sector



To view the Table of Contents and a selection of sample pages, please click here.




The report costs $1,600 in PDF format.


Premium subscribers to the Myanmar Real Estate and Construction Monitor receive complementary copies as part of their package. 


To pay by card, bank transfer, cash or cheque, please contact:


Toneya Chin

Business Development Manager

+95 976 756 0881




  • The Yangon real estate market is emerging from a challenging period. However, progress on legislation and expanded financing options for buyers are likely to encourage sales going forward, particularly in the mid-range market.
  • Despite the positive momentum, we still expect to see more project delays, as developers reassess the feasibility of high-end condominium projects planned several years ago that are no longer financially viable given the current conditions.
  • Low cost housing continues to be the one segment where supply falls well short of demand and we therefore see the market trending towards more affordable mass market projects. The announcement of Berjaya Land’s $624m mixed-use project in H2 revealed that 50-60% of its components will be aimed at more affordable housing options
  • Several developers have made definitive steps with mega-projects, such as the Yangon Central Railway redevelopment, New Yangon City, and Amata Smart & Eco City
  • While sales still remain modest, the residential pipeline will continue to slowly grow in 2020. A total of 1,931 units across six high-end projects were completed in H2 2019, a slight increase compared to approximately 1,200 units completed in H1 2019. In the Grade A market, we expect over 2,000 new units to come online by the end of 2020, with more than half scheduled for H2 2020, although further delays are likely.
  • In H2 2019 just over 43,000 sq m of office space were added to the market, with the completion of Times City in Kamaryut. We expect 98,00 sq m of high-end office space to come online by 2021. 
  • Retail real estate continues to outperform other areas of commercial real estate, as Yangon's emerging class of consumers spur the development of new high-grade retail space across the city. 38,000 sq m of retail space came online in H2 2019 with the completion of Times City’s Jewellery Mall and Times Mall.
  • Impact of the Condominium Law has been mixed thus far, as the registration process faces delays. In the medium term, the law is still expected to strengthen the market and may also open up a bigger spectrum of financing options for homebuyers. Other key pieces of legislation, such as the Apartment Law and Real Estate Service Law, are still in a draft stage.



Our previous reports dating back to 2014 are also available to purchase.


To enquire about pricing and contents, please contact:


Toneya Chin

Business Development Manager

+95 976 756 0881