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Map of Yangon | How we zone the city

2Thilawa Port 25 km

Outside Yangon City

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NO VACANCIES Hospitality Challenges

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Hotel market | Crunch time

4

SUPPLY BY LOCATION OF UPPER SCALE HOTEL ROOMS

0

200

400

600

800

1000

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Rooms

Year

Downtown Area Inner City Area Outer City Area

Source : Colliers International Thailand Research

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Hotel | Supply shortage

UPPER SCALE/LUXURY HOTEL ROOMS

5

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

Yangon Vientiane Bangkok

Room

s

City

Source : Colliers International Thailand Research

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Hospitality | Making up for lost time

6

No new Upper Scale hotels for past 10 years

Office space kept hotels alive

Sudden influx leading to near full occupancy

Room rates beginning to soar

Serviced Apartments in same situation

Bonanza expected over next three years

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Three to four year timeframe

Few nearly completed projects

Economy/three star hotels

Refurbish existing properties

Improve old hotels

Mandalay/Nay Pyi Taw airports

Apartments for lease

Training

7

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The 150 dollar per sq m office of the future

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Historical supply Office in Yangon

9

Source : Colliers International Thailand Research

-

20,000

40,000

60,000

80,000

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

Area(SqM.)

Year

Supply at the start of the year Additional supply during the year

HISTORICAL SUPPLY FOR YANGON

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Office supply | A long way to go

10

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

Empire Tower

(Bangkok)

Yangon Phnom Pehn Vientiane

Area(S

qM)

City

Source : Colliers International Thailand Research

SUPPLY IN VARIOUS LOCATIONS

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Office market | Future trends

11

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Yangon HCMC

HISTORICAL SUPPLY FOR YANGON AND HO CHI MINH CITY

Source : Colliers International Thailand Research

2008 Hanoi 550,000 sq mHCMC Rents top $100 sq m

Grade A Full occupancy

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The next industrial revolution

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Industrial Estate

13

PROPORTION OF INDUSTRIAL ESTAE LAND IN YANGON AND OTHER STATES / DIVISIONS

Source : Department of Human Settlement and Housing Development (DHSHD) and Colliers International

Thailand Research

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Industrial Estates in Myanmar

14

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

5,500

6,000

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

Area

(Hectare)

Year

Supply at the start of the year Additional supply during the year

Source : Department of Human Settlement and Housing Development (DHSHD) and Colliers International

Thailand Research 1 hectare = 6.25 rai

HISTORICAL SUPPLY IN MYANMAR

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Ports for future opportunity

15

Thilawa

Sittwe

Kyaukphu

Dawei

Pathein

But wait and see

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A real hardship posting?

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Serviced apartment market

17

HISTORICAL SUPPLY IN YANGON

0

200

400

600

800

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Units

Year

Supply at the start of the year Additional supply during the year

Source: Colliers International Thailand Research

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Hardship posting

Very limited serviced apartments

Quality condominiums in short supply but changing

Hospitals vary in quality

Construction sites will define next few years

Power cuts will still be part of life

Not everybodys choice but .......

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But delightful

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Accelerating success

Worldwide leadingin Real Estate Service Provider

Accelerating Success

2nd largest commercial real estate

2nd most recognized commercial realestate brand globally

Over 12,500 professionals

512 Offices in 61 Countries

Over 2 billion sq ft under management

US$ 2 billion in revenue

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