Myanmar: Second City Speculation Sees Land Prices Double

Sep 1, 2014 | The Myanmar Times
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Though information on the project proposed by Mayor U Hla Myint is still scarce, it has proven enough to drive a flury of speculation in the area.

Prices have doubled in a week, said Ko Min Min Soe, Mya Pan Thakin real estate agent.

“After the information came out on August 22, the land price went immediately higher,” he said. “Now there is a crowd of brokers and speculators in Bayar Ngotou village in Twante township – nobody is buying but everyone is talking about the price.”