Demand from education providers jolts real estate market

Demand from education providers jolts real estate market

The Yangon real estate sector sees a great increase in demand from education providers. Since foreigners were permitted to wholly invest in the provision of educational services in the country earlier this year, demand for high-standard condominium and office units has surged. This is because find leasing or buying condominium or new office unit to open schools is much more convenient for them than searching for land on which to build the schools or establish campuses. According to Estate Myanmar, inquiries are mostly from short-term course providers and post-graduate courses which do not need much space.

For example, Kaplan Myanmar University College, a subsidiary of US educational program provider Kaplan Inc, which opened its campus in Diamond Condo on Pyay Road in June. At the same month, KI College Singapore announced that it would open a new learning center on the ground floor of Golden City Business Center in Yankin township in August. Likewise, Dulwich College (Yangon) has opened two schools in Pun Hlaing Estate in Hlaing Thar Yar and StarCity in Thanlyin.

Source: Myanmar Times

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