August 19, 2016

Dala property market cools as buyers bide time

A ferry is seen at Dalla Jetty. Photo: Tin Hla Maung
A ferry is seen at Dalla Jetty. Photo: Tin Hla Maung

Despite the Yangon-Dala bridge project having already broken ground, the property market continues to show signs of cooling as potential investors are still in wait-and-see mode, according to realtors.
“We thought the property market in Dala Township, situated on the other side of the Hlaing River, on which a bridge is set to be built, would get a major boost following the distribution of compensation to land owners in the project area recently, but we were wrong,” said U Than Htay, a realtor in the township.
We only received price inquiries, added the realtor.
Another realtor expressed his view that potential investors seem unwilling to make long-term investments, as the project will take five years to complete.
According to realtors in the township, property prices in the urban wards of Dala Township, including Yaza Thingyan, Myomalay and Nyaungon, have increased slightly from K30 million to K32 million for a 1,200-square-foot plot.


Related posts

Translate »