Myanmar: Amid Construction Boom, Burma Starts to Build Disaster Resilience

Apr 21, 2014 | Amantha Perera, Thomson Reuters Foundation, The Irrawaddy
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RANGOON — Sule Pagoda Road in downtown Rangoon is famous for its role in Burma’s turbulent recent history. With its golden pagoda rising at one end, it has always served as a popular gathering point for street protests.

These days the road is drawing attention as the location of some of the hottest properties in Rangoon. According to local businessmen, the real estate here has shot up to as much as US $1,500 per square foot. This is roughly six times the price of similar plots in the Thai capital, Bangkok.