Japan’s Aeon to build Myanmar’s biggest mall
Japanese retail giant Aeon will invest USD 180 million in what will be Myanmar’s largest shopping mall. The new indoor retail complex will occupy a site of 72,000 square meters, according to the Nikkei Asian Review. Aeon’s Myanmar partnerReal-estate sector suffers from Covid-19 outbreak
According to two reports recently released by Colliers International, a real-estate consultancy with office in Yangon, both retail and office markets are suffering from the waves brought about by the Covid-19 outbreak. For the retail market, the repoJapan’s largest retailer Aeon to open mall in Yangon by 2023
The Japanese retailer Aeon will partner with Myanmar conglomerate Shwe Taung Group to set up a joint venture. The new Aeon shopping mall will target Myanmar’s middle class, which is predicted to increase significantly during the next few years says
Four ways Myanmar can boost online shopping
Even the United Nations says Myanmar is dismal for online shopping. The country ranked 126th in the The United Nations Conference on Trade and Development’s (UNCTAD) “Business-to-Consumer (B2C) E-commerce Index.” measuring an economy’s prDespite 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
