Thu 14 Feb 2013
Filed under: Business / Trade,News
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.