Real Estate Market In Early 2018

During 2017, the real estate market was fairly stable. But now, it is the first month of 2018 and the rental market is more active than any others situations in the market.

Downtown Townships

In Downtown Townships of Yangon, the rental market is more active with economic rents, residential rents. The economic rents are for the reasons in order to operate the business.

Four Dagon Townships

In East Dagon, South Dagon, North Dagon and Dagon Seikkan Townships, the transaction is normal. In North Dagon, the transaction was stable in the previous month but the plots are currently in sales, according to the news from the real estate agents. The plots valued about K70 million and K80 million are in sales. In the rental market, there are investment initiative as well as accommodation rental.

Yankin Township, Bahan Township and South Okalapa Township

There are many plots of land in these townships and both rental market and sales market are moderately good. It is noted that most of the customers inquire the single houses on spacious land.
In South Okalapa Township, the market is in good situation. Although the expensive plots and other plots in Lanmatan and at the corner are inquired frequently, only the plots with the reduced prices are in sales.

Project Areas

In project areas, the current prices are not decreased, however, there are not sellers or buyers. These areas become the places where could not absolutely get the investors’ interest. Although the market in Dagon New City is active again, the market is currently stable.

Specially written by Min Cho for iMyanmarHouse.com
Credit: iMyanmarHouse.com
Translated by: iMyanmarHouse.com