The Rich Villa

Shop, Offices for Sale in Yangon Region

Shops, Offices for Sale in Yangon Region

Large-scale shopping malls in Yangon have mushroomed in keeping pace with Myanmar’s high-growth consumer market propelled by liberalisation of progressive legislative reforms. One such example is the Ministry of Commerce (MOC) allowing complete foreign ownership of businesses in the retail and wholesale sectors albeit under certain conditions. It is a potentially robust market with establishments offering numerous entertainment and recreational attractions which are popular with families and tourists. The creation of more destination retail hubs led by integrated commercial, mix-use and residential developments will propel the retail market in years to come. As the largest city in Myanmar, shops for sale in Yangon are seeing a healthy incline which will continue as demand rises steadily. The combination of the injection of foreign investment, viable policies and laws, as well as the nation’s growth rate projects approximately 36,000 sq m of retail space added within three years. Buyers will need to contend with a steady demand in an upcycle as more reforms and less restrictions in legislation plus accessible banking facilities will fuel the property market.