Colliers in MyanmarTony Picon | Managing Director | Colliers International Myanmar

Press conference | Bangkok

Colliers | The pioneer in Myanmar

• Established Colliers International Myanmar in July 2013• Office in Centrepoint Tower (next to new Hilton)• Property manager for Centrepoint Tower• First research report in H1 2011• Growing portfolio of valuations, pre-feasibility studies, market studies, agency services

• Represented Unilever, Nestle, Standard Chartered Bank

• Strong growth expected as property market develops

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Map of Yangon | How we zone the city

3Thilawa Port 25 km

Outside Yangon City

Office market

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Office market | Demand to far outpace supply

• Increase of 120,000 sq m by 2015• Smaller office buildings• Not enough to meet demand• Demand – Oil & Gas, MNCs, Financial, Services, BPO• Rentals hit 100 USD per sq m per month• Expected to soar to 150 USD• Out of town for lower rentals• Growth of small serviced offices

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Hotel market

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Hotel market

• Offices being moved out• Rates keeping RevPAR high• Hilton first US brand to enter• Hotels start to expand and renovate• New hotels to come on-stream• All grades required• Mandalay to the rescue – increasing airlift• Expect high rates for 3-5 years

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Serviced apartment

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Serviced apartment

• Serious lack of supply of apartments• Also lack of alternatives – condo, cheap houses, non-serviced apartments

• Demand expected to soar• Limited new supply and also large units and expensive• Expats must downgrade their lifestyle• Bangkok/Yangon day trips• Expats, Repats and now …… • meet the Bangkok “Halfpats”

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Retail

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Retail | Time for the big guns

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● Large retailers coming

● Local strength

● Limited luxury entry

● Mid-end and impulse

● Foreign demand

● Mixed use

● Less imports

Condominium

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Condominium | Carry on regardless

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● Local to local

● A history of high rise

● Cash driven condo

market

● A little more luxury

● Most expensive unit?

● Too stretched

● What is a condomium?

● The new law

Yangon Industrial Map

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Industrial

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Industrial Estates | Slow start

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Land prices high

• Poor quality

• Pressure on port facilities

• Disputed land

• Source of FDI

• Activity beginning

• Thilawa SEZ – The future prime mover

But

Renting space | Do your homework

● Study the market

● Due diligence

● Personality of owners

● Matter of money

● Simple leases

● Frontier market for a reason

● Landlords market....for now

● Support available 17

Worldwide leadingin Real Estate Service Provider

• “Accelerating Success”• 2nd largest commercial real estate• 2nd most recognized commercial real

estate brand globally • Over 12,500 professionals• 512 Offices in 61 Countries• Over 2 billion sq ft under management• US$ 2 billion in revenue

THANK YOU | Q &A