Wednesday, February 13, 2013

Land prices soaring around Dawei SEZ


Wednesday, 13 February 2013 17:23 Khin Myo Thwe

Construction for the Dawei project on the road between Mae Tha Mee and Mitta. ( )

A local real estate agent has told Mizzima that the price of land in the villages surrounding Dawei Special Economic Zone (SEZ) is increasingly rapidly.

“Lands near Dawei SEZ are in high demand and the prices are being pushed up,” said Soe Thein, a real estate agent.

“Most of the land buyers are Yangon and Dawei residents,” said Kyaw Lwin, another Dawei real estate agent.

Soe Thein said that the compensation for landowners being forcibly bought out to build this deep seaport project was nearing 20,000 million kyat (US $23.4 million) and that the local people were buying land with their compensation payments.
Related articles:

  1. Dawei is stalled, says Thai govt minister
  2. Economic zones causing real estate boom in Rangoon

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