Yangon City Population 2016

2016 Yangon City Population

Yangon is Myanmar's largest city with 4,477,638 inhabitants. 2014 population and housing census in Myanmar. Robertson & Seng Taung 2015). Note: On November 6, 2005, the administrative capital was moved from Rangoon to the newly built city of Nay Pyi Taw. ((2015) 65.

9%. Input from the population and agricultural land, and compared to nearby urban population.

The Yangon needs intelligent street planning: Expert

Intelligent design is needed as a matter of urgency to house tens of thousands of people who will move to Yangon in the next 20 years and to bring the current population density back into balance, say metropolitan developers. Its population is projected to increase from 5 million in 2012 to an estimate of 14.25 million in 2042 and 18.48 million in 2052, said U Toe Aung, Yangon City inaugurator.

"We need to expand and evolve new towns in good timing for the growing population," he said during a May 27 at BuildTech Yangon 2016 workshop. 40 staff members commutate every single workingday to the downtown area. In order to alleviate the resulting overload, it was necessary to bring the population back into balance.

Over half of Yangon's population is in the lower earning class, making an efficient and efficient residential property policies an emergency, said U Toe Aung. "It is the government's responsibility to protect the long-term interests of the fellowship so that coming generation can come into a city that is comfortable and enjoyable to them.

A city planning plan for the city suggests the establishment of seven new satellites, over 118,732 acre. Yangon's current communities already have a shortage of places, and the new communities should have play areas, parklands, clinics, schools and the necessary infrastructure," he added. U Kyaw Latt, the city authority, said that much of the city of Yangon is uninhabited territory that could be used to balance the population of the city.

avills | Yangon Market Report H22016

Myanmar's population is 54. Between 2010 - 2015, the country's median population increase was 0. 81% pa anticipated to decelerate, resulting in a population of 56. 24 million in 2020. It is the most populated city with 5.5 million inhabitants. In 2015, however, the volume of foreign direct investment recorded fell significantly to only USD 4.1 billion.

Between 2011 and 2015, Myanmar's global visitor numbers grew at an annual rate of 42%. The Yangon portfolio of offices achieved 315,000 sqm of net rental space (NLA), an increase of 11% over the previous year. With over 187,000 sqm, Grade A was still the biggest provider, followed by Grades C and B. Two new Grade A properties came onto the scene at the end of November 2016, Sule Square with 28,800 sqm and Crystal Tower with 13,500 sqm.

In spite of the recent inflow, Yangon still has significantly fewer stocks than other Asiatic towns, namely 4% of Bangkok, 6% of Jakarta, 19% of Ha Noi and 20% of HCMC. There was a significant drop of -10% in the rental income compared to the previous year. Class A rental is between US$45 - 76/m2/month and Class B between US$30 - 50/m2/month.

Approximately 65 people were working to capacity on a daily basis. Overall sales amounted to approx. 27,000 sqm, which corresponds to a modest increase of 10% compared to the previous year. Class A headed the class with around 19,000 sqm, followed by classes B and C. The increased level of consumption was the outcome of the government's new capital expenditure legislation, which further increased consumption. Approximately 50,000 sqm of space from two new Grade A properties, Junction City by Shwe Taung Development & Keppel Land and Times City by Crown Advanced Construction, will start in 2017.

Over the long run, higher capacity utilization is projected to mirror the good mood generated by the US lifted decade-long US trading sanction against Myanmar and encouraging overseas investments. In Yangon, the overall number of three- to five-star rooms was approximately 7,000, an increase of 26% over the previous year. During the first eight of 2016, FDI in Myanmar's hotel and tourist industry amounted to approximately $3 billion.

During 2H/2016, the three- to five-star segment in Yangon averaged approximately $168/room/night, down 6% from the previous year. We averaged 70% utilization, an increase of 2pts. The RevPAR fell by -2% compared to the previous year. Aggregated four- and five-star ARR declined by -3% year-on-year, while aggregated mean capacity utilization rose by 1pt year-on-year, resulting in a -2% year-on-year decline in segment RevPAR.

The opening of the new Yangon lnternational Port in March 2016 raised the airport's annual passenger traffic from 2.7 million to 6 million. By 2017, more global hotels, such as Lotte, Pan Pacific and Starwood, will be entering the Yangon hospitality industry. At 2H/2016, a new delivery of 40 vehicles from an ongoing contract raised the overall offer to approximately 1,520 vehicles, an increase of 4% over the previous year.

Yangon's present care is only 8% of Bangkok and 34% of HCMC. Inya Lake area delivers 830 vessels from nine different sites, more than half of the population. Compared to the previous year, rental income fell by -3% to US$ 5,389/month or US$ 47/m2/month - the highest value among the ASEAN towns surveyed. At 89%, it also reached the highest load factor among those surveyed, which corresponds to an increase of 8pts year-on-year.

ReviewPAU was $4,772/unit/month, an increase of 6% over the prior year. A lot of upcoming development and operation work will be done by renowned companies, like for example: During 2H/2016, overall Yangon retailing volume grew 1.4% over the previous year as three new small project with less than 5,000 sqm of NLA were initiated. Mean rents fell by -7.2%.

Rents for malls improved slightly by 2.0% year-on-year, but fell by -6.9% year-on-year due to a decline in rents in several properties, particularly in the Myanmar Cultural Valley and Shwe Taung Group's Junction malls. Mean capacity utilization fell by -1pptY to around 98 per cent. The capacity utilization of the malls fell by -0.6 ptsY, under the shadow of a decline of -9.2 ptsY.

2H/2016 sales totaled around 1,000 m2, a year-on-year decline due to declines in retail centers and supermarkets. Junction City and G.E.M.S. Yangon's main housing markets consist of approximately 19,300 homes out of 213 properties. Approximately 6,500 of 149 current properties were for sal.

Mean absorbance was 12%, an increase of 5 ppt over the previous year, as recently started programs offer greater variety and better value for money. Sales averaged US$ 2,670/m2, an increase of 10% over the previous year. Yangon prices were relatively higher than other local towns due to low availability and high building cost.

First promulgated in January 2016, the Condominium Act allows non-residents to purchase owner-occupied apartments in Myanmar and limits the purchase to only 40% of the entire unit value of a property above stage six. Increasing numbers of multinational development teams and the new legislation to support overseas purchasing have led to an increase in turnover and product qualitiy. In addition, Yangon will record a higher basic residential population increase of about 2%.

During 2H/2016, overall Yangon retailing volume grew 1.4% over the previous year as three new small project with less than 5,000 sqm of NLA were initiated. Over 3,200 extra entities from registered forward-looking project and others without a clear status will come onto the open air in the coming years.

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