People seeking to buy land have lost money in scams in which brokers resell blocks in four townships in Dagon Myothit and Thanlyin with the use of fake contracts and help from officials at the Human Settlement and Land Record Department and Yangon City Development Committee.
Phoe Phyu, a lawyer from Purple Equity law firm, said: “As a result of having no registration access, buyers are facing losses due to fraud by some brokers. These brokers try to get records of the deceased in four townships of Dagon Myothit and Thanlyin in collaboration with officials from the Human Settlements and Land Record Department.
“After getting these name lists, these brokers are selling land with the use of land permits. Then they keep the contracts in hand, and erect signboards on the blocks. Buyers face difficulties when the real owners come out.”
Buyers must purchase land or property in their name only and have to pay a tax of 38 per cent of the value of a block or home. So, most people do not go to officially register buying or selling a home or block of land.
“It can be seen that brokers in some wards have earned a large sum of money by doing this,” Phoe Phyu said. “These kinds of cases are rampant, as the authorities have turned a blind eye to this and recognized unregistered contracts.”
The high tax rate has been blamed for the spate of land scams, prompting calls that the government should reduce its high registration rates and collect land and property taxes only.
Source: ELEVEN MYANMAR
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