• Burmese
Thursday, July 10, 2025
No Result
View All Result
NEWSLETTER
The Irrawaddy
28 °c
Yangon
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
No Result
View All Result
The Irrawaddy
No Result
View All Result
Home News Burma

Myanmar Junta Chief’s Real Estate up for Sale 

The Irrawaddy by The Irrawaddy
April 26, 2022
in Burma, Factiva, News
Reading Time: 3 mins read
0 0
A A
Myanmar Junta Chief’s Real Estate up for Sale 

Kan Thar Yar Hospital located near Inya Lake

7k
VIEWS
Share on FacebookShare on Twitter

Myanmar’s parallel National Unity Government (NUG) will reclaim houses and other properties acquired by regime leaders, including junta chief Senior General Min Aung Hlaing, and sell them to raise money for the ongoing revolution against the military regime.

The NUG’s Minister of Planning, Finance and Investment U Tin Tun Naing revealed the plan to the country’s shadow parliament on Saturday as he submitted his ministry’s annual report.

Under the scheme, which is expected to be launched in a few weeks, the sale of almost 40 properties under the control of military leaders which were confiscated for their own benefit, as well as land confiscated by the military, will be available for pre-purchase by both Myanmar citizens and foreigners. The prices will be set at 70 percent lower than market rates, according to Radio Free Asia (RFA).

RelatedPosts

‘Reforms Are Not Optional’: Prominent Activist Urges NUG to Act Before It’s Too Late

‘Reforms Are Not Optional’: Prominent Activist Urges NUG to Act Before It’s Too Late

July 9, 2025
621
Myanmar Junta’s Top Russian Arms Supplier Tosses in Quake ‘Donation’

Myanmar Junta’s Top Russian Arms Supplier Tosses in Quake ‘Donation’

July 9, 2025
509
Chin Resistance Tensions Boil Over as CNA Seizes Rival’s Myanmar HQ

Chin Resistance Tensions Boil Over as CNA Seizes Rival’s Myanmar HQ

July 8, 2025
5.5k

Buyers will be given shares for their purchases and receive profits when the NUG auctions off the properties.

Coup chief Min Aung Hlaing.

“We will soon start selling real estate illegally acquired by terrorist military leaders and military-confiscated land which won’t be needed for the [future] federal army,” U Tin Tun Naing told the NUG Parliament on Saturday.

“The revenue from the sales will be used effectively for the revolution,” he added.

The plan to confiscate properties under the control of the military and sell them to the public is widely supported by many people as a creative way to intimidate the generals, while at the same time raising funds for the revolution.

Several netizens expressed their interest in buying shares in the properties and so contributing to the goal of bringing down the junta.

Myanmar military leaders have gained huge profits from property they own in the commercial capital Yangon. Min Aung Hlaing owns two properties in the Inya Lake neighbourhood, Yangon’s most exclusive and affluent residential area, that are each worth millions of US dollars.

Min Aung Hlaing and military leaders at the opening ceremony of Kan Thar Yar Hospital in December 2017.

The junta boss did not own any homes by Inya Lake until he was handpicked by former dictator Senior General Than Shwe to become the head of the military in 2011. 

But in the next five years he managed to acquire a residence located at 14 Inya Road, known as 14 Inya, and another close to the five-star Lotte Hotel and the private Kan Thar Yar Hospital, which Min Aung Hlaing has a financial interest in. 

The 14 Inya residence is a former military guesthouse, commonly known as the military intelligence guesthouse, where generals received foreign diplomats and ethnic armed organization leaders.

U Tin Tun Naing told RFA recently that the coup leader’s home at 14 Inya will be included in the initial sale, along with real estate under the control of deputy junta chief Vice Senior General Soe Win and other top generals.

In February, the NUG established a policy to review the land and property owned or under the control of military leaders and the defense and home affairs ministries, and to get them back for the benefit of the Myanmar people.

You may also like these stories:

Myanmar People Urged to Join ‘Six Twos Revolution’ General Strike Against Regime

Junta Airstrikes Hit Lower Myanmar as Fighting Intensifies

Myanmar Junta Rejects ASEAN Envoy’s Request to Meet Shadow Govt Representatives

Your Thoughts …
Tags: juntamilitary regimeMyanmar MilitaryNational Unity GovernmentNUGRadio Free AsiaRFASenior General Min Aung HlaingU Tin Tun NaingYangon
The Irrawaddy

The Irrawaddy

...

Similar Picks:

Enter the Dragon, Exit the Junta: Myanmar’s Brotherhood Alliance makes Chinese New Year Vow
Burma

Enter the Dragon, Exit the Junta: Myanmar’s Brotherhood Alliance makes Chinese New Year Vow

by The Irrawaddy
February 12, 2024
44.8k

Ethnic armed grouping says it will continue Operation 1027 offensive until goal of ousting the junta is achieved. 

Read moreDetails
Drone Attack at Myanmar-China Border Gate Causes Over $14m in Losses
Business

Drone Attack at Myanmar-China Border Gate Causes Over $14m in Losses

by The Irrawaddy
November 27, 2023
38.6k

Jin San Jiao is latest northern Shan State trade hub in crosshairs of ethnic Brotherhood Alliance.

Read moreDetails
Arakan Army Captures Myanmar Junta Brigade General in Chin State Rout: Report
Burma

Arakan Army Captures Myanmar Junta Brigade General in Chin State Rout: Report

by The Irrawaddy
January 15, 2024
36.6k

Rakhine-based armed group has reportedly detained the chief of 19th Military Operations Command after seizing his base in Paletwa Township.

Read moreDetails
China-Backed Illegal Rare Earth Mining Surging in Northern Myanmar
Burma

China-Backed Illegal Rare Earth Mining Surging in Northern Myanmar

by Yan Naing
July 15, 2022
34.8k

A Myanmar military-backed militia in Kachin State is protecting Chinese-run mines that produce coveted rare earth minerals used in hi-tech...

Read moreDetails
AA Urges Myanmar Junta Troops to Surrender as Western Command Burns
War Against the Junta

AA Urges Myanmar Junta Troops to Surrender as Western Command Burns

by The Irrawaddy
December 18, 2024
25.4k

Ethnic army reportedly poised to capture regime’s last stronghold in Rakhine State.

Read moreDetails
Myanmar’s Brotherhood Alliance Calls on Northeast Command Chief to Surrender
War Against the Junta

Myanmar’s Brotherhood Alliance Calls on Northeast Command Chief to Surrender

by The Irrawaddy
August 9, 2024
24.9k

Brigadier-General Soe Hlaing handed ultimatum to relinquish northern Shan State after resistance seizes command base in Lashio.

Read moreDetails
Load More
Next Post
Myanmar Junta Closes Another Thai Border Gate After Resistance Attack

Myanmar Junta Closes Another Thai Border Gate After Resistance Attack

Regime Soldiers Torch Nine Villages and Kill Monk in Upper Myanmar

Regime Soldiers Torch Nine Villages and Kill Monk in Upper Myanmar

No Result
View All Result

Recommended

37 Years and Counting: Why Has Myanmar’s Democracy Struggle Taken So Long?

37 Years and Counting: Why Has Myanmar’s Democracy Struggle Taken So Long?

7 days ago
1.4k
China’s Surveillance State Watches Everyone, Everywhere

China’s Surveillance State Watches Everyone, Everywhere

2 days ago
748

Most Read

  • Chin Resistance Tensions Boil Over as CNA Seizes Rival’s Myanmar HQ

    Chin Resistance Tensions Boil Over as CNA Seizes Rival’s Myanmar HQ

    shares
    Share 0 Tweet 0
  • Myanmar Junta Starves Last Rakhine Strongholds as AA Closes In

    shares
    Share 0 Tweet 0
  • Trump’s Tariffs to Hit Myanmar’s Garment Manufacturers Hard

    shares
    Share 0 Tweet 0
  • ‘Reforms Are Not Optional’: Prominent Activist Urges NUG to Act Before It’s Too Late

    shares
    Share 0 Tweet 0
  • Myanmar Junta’s Top Russian Arms Supplier Tosses in Quake ‘Donation’

    shares
    Share 0 Tweet 0

Newsletter

Get The Irrawaddy’s latest news, analyses and opinion pieces on Myanmar in your inbox.

Subscribe here for daily updates.

Contents

  • News
  • Politics
  • War Against the Junta
  • Myanmar’s Crisis & the World
  • Conflicts In Numbers
  • Junta Crony
  • Ethnic Issues
  • Asia
  • World
  • Business
  • Economy
  • Election 2020
  • Elections in History
  • Cartoons
  • Features
  • Opinion
  • Editorial
  • Commentary
  • Guest Column
  • Analysis
  • Letters
  • In Person
  • Interview
  • Profile
  • Dateline
  • Specials
  • Myanmar Diary
  • Women & Gender
  • Places in History
  • On This Day
  • From the Archive
  • Myanmar & COVID-19
  • Intelligence
  • Myanmar-China Watch
  • Lifestyle
  • Travel
  • Food
  • Fashion & Design
  • Videos
  • Photos
  • Photo Essay
  • Donation

About The Irrawaddy

Founded in 1993 by a group of Myanmar journalists living in exile in Thailand, The Irrawaddy is a leading source of reliable news, information, and analysis on Burma/Myanmar and the Southeast Asian region. From its inception, The Irrawaddy has been an independent news media group, unaffiliated with any political party, organization or government. We believe that media must be free and independent and we strive to preserve press freedom.

  • Copyright
  • Code of Ethics
  • Privacy Policy
  • Team
  • About Us
  • Careers
  • Contact
  • Burmese

© 2023 Irrawaddy Publishing Group. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Business
    • Economy
    • Business Roundup
  • Books
  • Donation

© 2023 Irrawaddy Publishing Group. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.