myanmar real estate
TRANSCRIPT
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Map of Yangon | How we zone the city
2Thilawa Port 25 km
Outside Yangon City
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NO VACANCIES Hospitality Challenges
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Hotel market | Crunch time
4
SUPPLY BY LOCATION OF UPPER SCALE HOTEL ROOMS
0
200
400
600
800
1000
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Rooms
Year
Downtown Area Inner City Area Outer City Area
Source : Colliers International Thailand Research
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Hotel | Supply shortage
UPPER SCALE/LUXURY HOTEL ROOMS
5
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
Yangon Vientiane Bangkok
Room
s
City
Source : Colliers International Thailand Research
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Hospitality | Making up for lost time
6
No new Upper Scale hotels for past 10 years
Office space kept hotels alive
Sudden influx leading to near full occupancy
Room rates beginning to soar
Serviced Apartments in same situation
Bonanza expected over next three years
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Three to four year timeframe
Few nearly completed projects
Economy/three star hotels
Refurbish existing properties
Improve old hotels
Mandalay/Nay Pyi Taw airports
Apartments for lease
Training
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The 150 dollar per sq m office of the future
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Historical supply Office in Yangon
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Source : Colliers International Thailand Research
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20,000
40,000
60,000
80,000
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Area(SqM.)
Year
Supply at the start of the year Additional supply during the year
HISTORICAL SUPPLY FOR YANGON
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Office supply | A long way to go
10
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
Empire Tower
(Bangkok)
Yangon Phnom Pehn Vientiane
Area(S
qM)
City
Source : Colliers International Thailand Research
SUPPLY IN VARIOUS LOCATIONS
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Office market | Future trends
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0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Yangon HCMC
HISTORICAL SUPPLY FOR YANGON AND HO CHI MINH CITY
Source : Colliers International Thailand Research
2008 Hanoi 550,000 sq mHCMC Rents top $100 sq m
Grade A Full occupancy
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The next industrial revolution
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Industrial Estate
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PROPORTION OF INDUSTRIAL ESTAE LAND IN YANGON AND OTHER STATES / DIVISIONS
Source : Department of Human Settlement and Housing Development (DHSHD) and Colliers International
Thailand Research
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Industrial Estates in Myanmar
14
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Area
(Hectare)
Year
Supply at the start of the year Additional supply during the year
Source : Department of Human Settlement and Housing Development (DHSHD) and Colliers International
Thailand Research 1 hectare = 6.25 rai
HISTORICAL SUPPLY IN MYANMAR
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Ports for future opportunity
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Thilawa
Sittwe
Kyaukphu
Dawei
Pathein
But wait and see
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A real hardship posting?
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Serviced apartment market
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HISTORICAL SUPPLY IN YANGON
0
200
400
600
800
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Units
Year
Supply at the start of the year Additional supply during the year
Source: Colliers International Thailand Research
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Hardship posting
Very limited serviced apartments
Quality condominiums in short supply but changing
Hospitals vary in quality
Construction sites will define next few years
Power cuts will still be part of life
Not everybodys choice but .......
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But delightful
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Accelerating success
Worldwide leadingin Real Estate Service Provider
Accelerating Success
2nd largest commercial real estate
2nd most recognized commercial realestate brand globally
Over 12,500 professionals
512 Offices in 61 Countries
Over 2 billion sq ft under management
US$ 2 billion in revenue
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