Real-estate market in Dala Township is still cool despite the announcement of the Yangon- Dala bridge construction project, according to a report in the Myawady Daily yesterday.
Authorities issued notice letters to apply eminent domain to residences and businesses in the path of the construction project, which will begin in October. The bridge is scheduled for completion in 2018.
Dala real estate prices increased after news of the project emerged, but soon stabilized with a 40 x 60 feet plot of land in Dala Township selling for approximately Ks110 million.
“We have interested real estate buyer and sellers. However, the land owners are not reducing the prices and buyers are waiting for prices to come down. Therefore, the real estate market is cool,” said a real estate agent from Dala township.
Source: The Global New Light of Myanmar
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