Dala property market amid exchange rate surge and bridge project nearing completion

With the global gold price and oil price, the currency exchange rate has been gradually mounting and at the same time, the cable installation of Yangon-Dala Bridge Project has begun in Dala since early April this year, resulting in more and more increase in estate prices in Dala, according to Dala real estate market.
The Dala project, which is now 70 per cent complete, has helped the township’s property market to increase sales and prices have risen enormously.
“It is because of speedy completion of Dala bridge project in phases. At present, land plots are selling well and prices are skyrocketing month by month.
A land, which was previously offered at K80 million, is now nearly K150 million,” said Ko Tu, a Dala-based real estate agent.
The township’s property market has been active at present and it is more active especially in its commercial areas including Tabin Shwehtee ward and Kyansittha ward which are located at the end of the bridge, according to estate agents.
Dala-Yangon Bridge, which is one of the biggest and longest bridges in Myanmar, which began in May 2019, is reportedly scheduled to be completed in late 2024, and with this news, property transactions in the township have started increasing since the beginning of the year. — Htun Htun/ZS/ED

 

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