There for you
Scipio Services Co. Ltd. (Scipio Services) is headquartered in The Republic of The Union of Myanmar. Scipio has been the first to enter Yangon, Myanmar as a foreign-managed supplier of facility services, property management, and real estate advisory.
IN MYANMAR
Navigating Yangon's commercial and residential real estate markets can be a daunting task. The real estate environment can be opaque, and often includes multiple agents and brokers between a property and an occupant. Further, sometimes opaque land ownership, unclear titles, and multiple claims can add significant risks. We provide clarity and comfort.
At Scipio Services, we offer bespoke consultancy and real estate advisory services to your organization as you seek to enter the emerging Myanmar market. Our consultants have years of experience in Myanmar who work with you to locate your commercial space then address your residential needs.
How much commercial office space exits in Yangon, Myanmar?
Sole-purposed commercial office space in Yangon is limited, few world-class business towers exist, and hotels which formerly occupied offices have been opting to convert back to renting nightly rooms as leases come due. The result is a fierce competition for the organizations that must operate to a level of premiere identity, and business towers demanding a premium rate with sometimes extraneous fees. Organizations that choose not to afford the business towers have opted to find second tier hotels, or they have taken large walled residences. The movement to large residences has put an added stress on the residential market.
What's the real cost of commercial office space in Yangon, Myanmar?
Payment terms vary for commercial one-year leases because the business towers structure these terms as a way to compete for occupants. That being said, the equivalent terms are normally 50% down payment or paid in advance. A three month security deposit is normal but also varies, and some properties charge a 13th month whereas others charge a greater cost per square foot or maintenance and electricity fees.
The most important consideration is the difference between the advertised price per square foot (sq. m) and the evaluated actual price per square foot (sq. m) when making a decision. We've found the actual rate per square foot to be 6%-17% higher than the rate advertised.
Understanding agent/broker commissions in Yangon, Myanmar
A lease is normally structured by one or two agents/brokers; with one representing and marketing on behalf of the seller and the other representing the buyer. In almost all instances a prospective occupant must work through an agent/broker. Sometimes, the occupant will never meet the landowner except to sign to the lease agreement and transfer the payment. The standard residential placement fee to a prospective occupant is a 13th month.
IN MYANMAR
At Scipio Services, we take the day-to-day management of your building and property so you don’t have to worry about tenant concerns. We relieve the stress of property ownership and exceed the tenant expectations to ensure your property continues to be occupied. We provide a stress-free property management solution. We take the hassle out of owning an investment property and help our owners achieve the very best return on their investment.
The properties that we manage will generate higher average rents, and experience less vacancy period because we align owner and client expectations then market aggressively to a very defined target of prospective tenants.
Are you marketing correctly to receive your highest possible return on investment?
We provide you with a thorough market research assessment that determines where in the market your property should be distinguished. We identify the target market for your property and create a marketing plan around the assessment. We take this marketing plan and work with suppliers to update the space and market your property to the best target market, capturing your highest possible return.
Perhaps your property is residential but should be converted to commercial; we will suggest changes to re-establish your property to fit within the expectations of your prospective tenants. We can work with our suppliers to renovate and update your space to bring it to market.
Are you offering competitive leases and terms thereby attracting the market's best prospective tenants?
We provide the proper screening and vetting to ensure your occupants will treat your property with care, have the ability to pay, and will be a good fit within the intended use of the space.
We will advise or run the entire leasing process, from attracting a tenant to offering the best terms, to ensure your property remains occupied and you receive your greatest possible returns.
We have experience with sometimes tiresome procurement and due diligence processes of large organizations.
Are you servicing your building to exceed the expectations of multinational companies and international organizations?
Scipio Services provides maintenance and full facility services for your property. General building maintenance, electric, generator upkeep, reception, security, purchasing and billing.
IN MYANMAR
Scipio’s facilities management services ensure your organization’s non-core operations and needs are met with responsive service, allowing staff and management to remain focused on delivering your organization’s objectives.
Are you using suppliers and subcontractors who have cleared the required due diligence process and are proven to deliver in Myanmar?
Specific contextual considerations are taken to ensure international and local compliance, and to manage reputation risk during the procurement of goods and services from local suppliers. In a sometimes opaque business environment, Scipio is there for you.
Would you like the work of your local suppliers guaranteed and managed?
Scipio services provides for every aspect of doing business and expatriate living in Myanmar by specifying, tendering, and managing our trusted and reputable suppliers. All suppliers are screened through our due-diligence process to mitigate your reputation risk. You deal directly with us, and we deal with the myriad of suppliers available in the market to provide you with all your needs. This enables you to focus on your objectives, mission, or mandates.
Some of the services we routinely offer clients in Myanmar:
- Serviced Office Space and Virtual Office
- Fire Extinguisher Training and Planning
- Security Management Services
- Office Management
- Cleaner and Maid Services
- Grounds Maintenance and Horticulture
- Office and Home Furnishing and Planning
- Pest and Rodent Control
- HVAC and Refrigeration
- Complete Property Project Management
- Translation Services
- Call Center/Call Reception