15 OCTOBER 2025

ACCORDING to the Yangon Region Real Estate Services Association, although the property sales market in Yangon has cooled following the Thadingyut period, the rental market is active with rising rates.

An official from the Yangon Region Real Estate Services Association explained that the slowdown in sales is due to asking prices being higher than they ought to be. However, it is understood that a small number of regular transactions are still occurring between genuine sellers and buyers at appropriate prices.

“In the current Yangon property market, there is interest in lower-storey flats and condominiums valued between K300 and K500 million, and plots of land valued above K1,000 million. In the Yangon rental market, the high-yielding foreign rental market is still absent, and the market is being driven by domestic migrants,” said an official from the Yangon Region Real Estate Services Association. “Due to an increase in people moving to Yangon, flat rental prices are rising, with flats under 1 million kyats being the most frequently rented. In the rental market, rental fees have increased by an average of at least 50,000 to 200,000 kyats within six months to a year.”

In some townships, such as Dagon Myothit (North), where property prices once topped Yangon’s market, sales have slowed since early October. Meanwhile, only a limited number of transactions are occurring in downtown and uptown areas at mutually agreed prices.

According to market sources, there is rising interest in village land and plots alongside arterial roads in suburban townships such as Taikkyi, Hmawbi, Hlegu, Kunchangon, and Twantay. — ASH/KZL