By Nyein Nyein
As part of the sale of land announced by the Yangon Region Government for setting up industrial businesses and public housing, plots of land in the Myaungtagar Industrial Zone went under the hammer along with plots identified for Phase 1 of the sale, said U Than, joint secretary of the Yangon City Development Committee (YCDC).
The Land Management Committee is currently processing applications and apportioning land types, based on applications submitted by interested buyers for the regional government-owned land, he said. “Earlier, lands at the Myaungtagar Industrial Zone were designated to be sold in Phase 2, but they have been sold at the same time with those in Phase 1. There are more than 170 plots in the industrial zone. Currently, land types are being processed for the applications we have received. We will divide the applications for public housing and industrial businesses,” said U Than.
As per the Yangon Region Government’s announcement, plots of land will be sold in three phases.
Land-use applications for 500 land plots in Hlinethayar, Shwepyitha, and four Dagon Myothit townships and over 170 plots at Myaungtagar Industrial Zone were sold on 7 October at the office complex of the General Administrative Department (Eastern District), and interested buyers purchased 15,620 forms by 8 November, when the deadline ended, said U Than.
However, only 12,158 forms were submitted, he said. “The committee led by chair U Han Tun is still processing more than 12,000 applications. They are screening them with attached documents and financial statements,” said U Than.
More than 9,000 acres, previously marked as agricultural land, in East Dagon and Dagon Seikkan townships will go under the hammer in the next phase, he added.
The plots that are slated to be sold were previously seized by the government, and compensation had not been awarded to their original owners. Therefore, to compensate the original farmland owners, the lands are being sold again, according to officials.
At present, there are more than 3,000 cases with the Yangon Region Government’s Committee for Scrutinizing Confiscated Farmlands and Other Lands. Compensation of K6.9 billion was awarded to farmers on 28 September. In the 2019-2020Financial year, compensation of K31 billion would be provided to the original farmland owners. (Translated by Ei Myat Mon)