The property market in Thanlyin township is likely to be better as the No 3 Thanlyin Bridge is going to be opened, and the current sale has been lively, according to the real estate community in the township.
“Thanlyin Bridge is nearing completion. When it is completed, the real estate price in Thanlyin will be good. The problem in our Thanlyin township is traffic congestion on the bridge. Thanlyin is close to downtown Yangon. There is convenient transportation. When the bridge is open, the town will be vibrant, and property prices will get higher. So, it is better buying now,” said an official from the Myo Thet Thanlyin real estate agency.
Despite the perspective of rising prices when the bridge is completed, the current real estate prices are still moderate.
“The real estate sale has been active as the bridge is nearing completion. Since property prices are not yet much high compared to other townships such as Dagon Myothit (Seikkan), Dagon Myothit (South), and Dagon Myothit (East) townships, a 40-foot by 60-foot plot is still available at K100-K110 million,” he said.
The Thilawa Special Economic Zone has resulted in a growing number of local and foreign businesses, and property prices in South Yangon District townships – Thanlyin, Kyauktan, Kayan and Thongwa – will likely increase. — Thit Taw/ZS
