The consequences of coronavirus and subsequent lockdowns have touched almost all the industries globally, and real estate is no exception. It has changed the lives of people and their businesses in a matter of weeks. The pandemic is impacting the real estate market in unprecedented ways and raises novel issues every day. With an aim to update people with the information on the real industry during these challenging times, Slade Property Services releases a series of Myanmar real estate market briefs during COVID-19.
When asked about this market impact the spokesperson of Slade Property Services replied "COVID-19 is having a monumental impact on markets around the world, and Myanmar's real estate market is no different. The coming weeks will likely be shrouded in further uncertainty, but at SPS we have provided a sector by sector breakdown on how COVID-19 impacts real estate in the region,"
Slade Property Services, a top-rated consultant specializing in Real estate in Myanmar has a wealth of market knowledge and expertise and provides advice on Myanmar real estate assets. As a Royal Institution of Chartered Surveyors regulated firm, it's the first company in Myanmar with multiple employees who are fully qualified members of the Royal Institution of Chartered Surveyors (MRICS) and RICS Registered Valuers.
SPS spokesperson also continued, "the Retail sector is hit hard as self-isolation measures see consumer spending fall dramatically while the industries in Myanmar struggles as manufacturers are sandwiched by supply chain disruption and the dissolution of customer bases."
Slade Property Services released briefs on real estate property sectors, including office, retails, industrial, hotels & tourism, and residential sectors. These briefs explain how different Myanmar property sectors are being impacted by and dealing with the pandemic's implications for the real estate market.
Developers currently constructing Grade A offices in Yangon, have told SPS Myanmar that project completions will likely be delayed by up to three months, in some instances, as construction sites are closed, and workers are told to remain home to contain the spread of the virus.
To make sure you stay up to date with how COVID-19 impacts these sectors, please register for the series of reports by signing up to their mailing list or contacting them directly for bespoke consultancy on your real estate strategy.
About Slade Property Services:
Established in 2014, Slade Property Services is providing expert advice on the real estate industry to the government of Myanmar, and multiple clients provide them an in-depth understanding of the market. Visit https://sps-myanmar.com/ for more information.
Contact Name: Hugo Slade
Kantharyar Centre Office Tower
Unit 8, Level 9
Corner of U Aung Myat Road & Kan Yeik Thar Road
Mingalar Taung Nyunt Township, YANGON
Phone Number: +95 (0) 1 9377212