October 07
Rather than land-included home, sale of land-only estate has increased in Ayeyawady Region’s Pathein Township, according to local estate agents.
Of total 14 wards in Pathein, sale of land plots in Ward 1and Ward 2 has been slow, however, transactions have increased in the rest wards.
“In Pathein, land plot transactions have happened to some extent. Rather than land plus home, land-only estates which are cheaper have been sold better. Pathein has 14 wards and downtown wards are expensive, so transactions have happened more in all the rest of inner wards. But there is just a few transactions in Ward 1 and Ward 2,” said an official from Shwe Yaung Lan real estate service agency in Pathein.
Property prices have changed in Pathein but no dramatic surge has been seen and some of buyers are from Yangon Region.
“Prices have fluctuated now depending on exchange rate and gold price. But no dramatic increase has been seen. We can say the property sale has increased this year compared to last year. Some of buyers are Pathein residents and some are migrants,” he said. – Thit Taw/ZS
