Published on Sunday, 25 August 2013 16:43
President's Office Minister Soe Thein speaking at the press conference (Photo - EMG)
The government will not carry out the expansion of Yangon mega project to Dala town in the government era, the minister for President’s office told a news conference.
In a statement to the media at a recent press conference in Nay Pyi Taw about problem with the rapidly growing property value, Minister Soe Thein said: “We don’t have to do the project in Dala. Perhaps in the fure the government will expand Yangon to Dala but not for now. The prices of land in Dala has skyrocketed because of the talk about such project. We will not implement it at Dala. The people believed the rumours and bought the land with high prices when they heard some news about South Korea was thinking about to building a bridge to connect between Yangon and Dala. We can’t catch up with those kinds of things (rumours),” the minister said.
The government will control the land prices with tax and amend the law concerned with land. The government will monitor the selling and buying of estates and will fix prices of land in respective townships.
The government will calculate the value of the land with square feet in respective townships and will announce. The real estate dealers have usually reduced the value of stamp to decrease the government tax.
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