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Myanmar Apartments: A Booming Real Estate Market

serviced apartments yangon

Yangon has made it into the list of one of the world’s most populated cities, and that means that the real estate market in this former capital has grown exponentially. Because of the increase in properties available, there are a multivariate of options for investors and homebuyers to choose from, such as land, condominiums, houses and apartments, which are all in high demand.

How Much Does an Apartment Cost?

For example, an apartment for rent in yangon would cost approximately  600 lakh of kyat, and that would be located in the downtown area of Yangon. For an estimated 70 lakh of kyat , an investor or individual would also be able to own a home with a piece of land located in the central area of the city. There are also many attractive properties available outside of the downtown area, and the public transportation system is an excellent way to get around.  Properties on the outskirts of downtown Yangon tend to be significantly cheaper and the real estate market in the area is expected to grow in the near future. Other regions such as Mandalay and Taunggyi also have large number of apartment for sale listings. Apartment for Sale in Myanmar Nevertheless townships in Yangon region like Sanchaung, Tamwe have the highest number of newly constructed apartments for sale. Current average market price for an apartment for sale would be around 250 lakhs to 500 lakhs (25,000 USD-50,000 USD)

The Most Popular Real Estate And Neighborhoods

The most popular type of living option is large type apartment for sale or condominiums, because they are fairly priced and one can have an easy condo ownership and a unit condo would come around 1000 lakh of kyat. The most popular areas for apartment for sale in Myanmar include some satellite cities such as Sanchaung,Tamwe,Bahan, and Mayangone in Yangon region. When looking for a suitable property in Myanmar, it is wise to consult a local brokers and real estate agent. House Myanmar is the perfect place to connect to the top agent in the country, who specialize in buying and selling property.Yangon has made it into the list of one of the world’s most populated cities, and that means that the real estate market in Yangon has grown exponentially. Because of the increase in properties available, there are a multivariate of options for investors and homebuyers to choose from, such as land, condominiums, houses and apartments, which are all in high demand.

Photographs by Design Home & Doug Duvall(Flickr)
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