Despite high occupancy, Yangon retail rents slump

Despite high occupancy, Yangon retail rents slump

A recently released report by property specialist SPS highlights both a high occupancy rate for retail spaces in Yangon as well as a continuing downward trend for rents. With 100% occupancy rate at Junction City and Myanmar Plaza, 80% at Kantharyar C

YCDC claims hundreds of Yangon apartments

The Yangon City Development Committee (YCDC) has taken over nearly 500 disputed Yangon apartments this year and will raise rent by 10 percent, according to Yangon mayor U Maung Maung Soe. Disputed ownership claims, often caused by the deaths of landl