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August 09, 2020

YCDC passes only 640 land purchase applications out of 120,000

By Nyein Nyein

The Yangon City Development Committee has selected only 640 applications, out of 120,000, to allow purchase of land lots owned by the regional government, according to U Than, the Joint Secretary of committee.
An assessment team led by U Han Tun, Chair of the Yangon Region government’s Land Management Committee, screened applications to check if they met six criteria — the person purchasing the form and the applicant were the same, the form was filled out completely, a financial statement was attached with the form, along with the proposed bid for land, business type proposal, and the timeframe stating by when the business would become operational. “Some forms proposed a high price for the land, but they were incomplete. So, they were rejected,” said U Than. “Only 640 of the 12,000 applications were successful. We will allow successful applicants to buy the land,” he said. “Some applicants wanted to buy the same plots of land, but their proposed prices showed a large gap. At that time, they were called to discuss the price. The government will confirm the price for them,” he added.
If applicants bid for the same plots or quote the same price, the final decision will be taken by drawing of lots.
The Yangon Region government had announced the sale of land for setting up industrial businesses and public housing. Initially, land-use applications for 500 plots in Hlinethayar Shwepyitha, and four Dagon townships and more than 180 plots in the Myaungtagar Industrial Zone were sold on 7 October at the office complex of the General Administration Department (Eastern District), and interested buyers purchased 15,620 forms by 8 November, when the deadline ended, said U Than.
However, only 12,158 forms were submitted, he said. Next, more than 9,000 acres in East Dagon and Dagon Seikkan townships, which was previously marked as agricultural land, will go under the hammer, he added.
“The plots that are slated to be sold were previously seized by the government, and compensation had not been awarded to their original owners. Therefore, to compensate the original farmland owners, the lands are being sold again,” according to officials.
At present, there are more than 3,000 cases with the Yangon Region government’s Committee for Scrutinizing Confiscated Farmlands and Other Lands. Compensation of K6.9 billion was awarded to farmers on 28 September, 2019. In the 2019-2020 financial year, compensation of K31 billion would be provided to the original farmland owners.(Translated by Ei Myat Mon)

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