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.
Real Estate Advisory in Yangon, Myanmar
We've vetted the premises so you're sure to see places of interest, saving you from the frustration of severe traffic and failed expectations. We provide comfortable transport for the day from the airport or your accommodation to view the locations.
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, severe traffic and failed expectations from unsuitable properties creates frustration during site visits. 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 residential properties.
Our proven process saves you time by determining your commercial office space needs, locating properties that qualify to your needs, vetting properties that are not suitable, comparing the suitable options, then site visiting, negotiating the lease, and finally closing and placement.
Our Proven Process of Real Estate Advisory in Myanmar:
Step 1) 1st Client Engagement - Introduction to understand your organizational identity, introduce our firm, answer questions, and hear your concerns.
Step 2) Comprehensive Questionnaire - Our comprehensive and proprietary questionnaire has been designed specifically for you to indicate your needs within the current market. This questionnaire along with the interactions from our first client engagement becomes the guiding principles for your search.
Step 3) Market Assessment - After a short period of time, we will send you a tailored market assessment which includes:
- General Real Estate Market Analysis
- Premises Dossiers (for multiple premises listed alphabetically)
Dossiers Include: premises summary
Dossiers Include: major occupant list
Dossiers Include: safety and security summary
Dossiers Include: terms and availability
Dossiers Include: location summary
Dossiers Include: furnishing description
Dossiers Include: highlights and drawbacks
Dossiers Include: security egress summary
Dossiers Include: advertised rate and actual estimated rate
Dossiers Include: exterior and interior photographs
Dossiers Include: floor-plans
- Location Map
- Premises Cost Comparisons
Step 4) 2nd Client Engagement - After the market assessment we meet with the client again to answer specific questions about properties. At this juncture we can do further due diligence, open the search wider, or we can move to visit locations.
Step 5) Site Visits - At this point we've determined the prospective spaces and it's time to visit. We've vetted the premises so you're sure to see places of interest, saving you from the frustration of severe traffic and failed expectations. We provide comfortable transport for the day from the airport or your accommodation to view the locations.
Step 6) Negotiation and Closing - Finally we represent you in the lease negotiation to obtain the terms, price, and securities you need for every deal-point.
We advise that you secure your office space in Myanmar before we continue with a residential property search. Though we offer a bespoke real estate advisory service so we are flexible to your needs.
Current Real Estate Market in Yangon, Myanmar
Real estate in Yangon is currently a seller’s market. A 2012 report by Myanmar Survey Research showed the price of land in Yangon increased nearly five-fold from 2002 to 2011, though informal analysis of the market for corporate offices and expatriate residences seems to indicate that actual prices increased even more aggressively in the last 18 month period.
Future Market Outlook
A few large residential and commercial projects have been announced to break-ground in the coming months that could relieve some of the stress on supply, but these projects are advertising completions by 2015 and in the meantime only a few office conversions from retail space have provided relief.
On the demand side, organizations from the Asian region are ratcheting up their involvement and western organizations are increasingly stepping in ever more frequently as we approach 2015. Given the current near-exponential trend in market rates, we expect prices to continue their trend upward for commercial and even more so for residential at an alarming rate until 2015. Though largely dependent upon the continued diplomacy, reform process, security situation, and 2015 elections, we hope to experience a deceleration in the upward trend by mid-2015.