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December 12, 2019

Real estate prices reach record highs downtown and at industrial zones

Real estate recorded high prices in downtown Yangon. File photo taken on 20 May 2017. Photo: GNLM/Phoe Khwar

Government real estate assessors estimate that property values on Kabar Aye Pagoda Road and Pyay Road between Kamayut and Sanchaung townships have reached a record highs of Ks400,000 per square foot, according to a report in yesterday’s Myawady Daily newspaper.
A square foot of land in Ko Min Ko Chin Street, Bahan Township was estimated to be worth Ks350,000. Downtown real estate, including Lanmadaw, Pabedan, Latha, Kyauktada and Pazundaung, are estimated to be between Ks100,000 and Ks270,000 per square foot. Land prices in Tarmwe Township are estimated to be between Ks170,000 and Ks200,000 per square foot. A square foot of land in Mingladon Township is set at Ks 70000.
The land prices at Hlinethaya and Ngwepinle industrial zones are estimated to be Ks170 million per acre while Shwepaukkan and Yangon industrial zones were appraised at Ks110 million and Shwepyitha and Thadukan industrial zones were estimated to be worth Ks120 million.
Land on the main road of East Dagon is set at Ks120 million while real estate on side streets in the same area was valued at Ks20 million.
An acre of land on the main road of South Dagon Industrial Park is set at Ks120 million and Ks100 million on side street. An acre of land at Thilawa Industrial Zone was estimated to be worth Ks85 million.

 

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