• Burmese
Friday, June 13, 2025
No Result
View All Result
NEWSLETTER
The Irrawaddy
29 °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

Property Demand Booms in Myanmar’s Capital as Wealthy Seek Safety

The Irrawaddy by The Irrawaddy
March 31, 2022
in Burma, Coup, Factiva, News
Reading Time: 2 mins read
0 0
A A
Property Demand Booms in Myanmar’s Capital as Wealthy Seek Safety

--

11.6k
VIEWS
Share on FacebookShare on Twitter

Real estate prices in Myanmar’s capital have been rising since June last year with demand for luxury homes and land tripling in some areas.

Estate agents in Naypyitaw say sales are being pushed by former military officers and wealthy families looking for somewhere safe with reliable power supplies.

As home to the junta leader Min Aung Hlaing and other senior figures, Naypyitaw has seen few regime raids on residential areas and random shootings, like in other cities.

RelatedPosts

China Defends Myanmar Junta on Human Rights at UN

China Defends Myanmar Junta on Human Rights at UN

June 12, 2025
585
Myanmar Junta Reinforces Kyaukphyu as AA Nears China-Backed SEZ Hub

Myanmar Junta Reinforces Kyaukphyu as AA Nears China-Backed SEZ Hub

June 11, 2025
1.8k
Myanmar Junta Accused of Using Cluster Bombs in Deadly Attack on Karen Village School

Myanmar Junta Accused of Using Cluster Bombs in Deadly Attack on Karen Village School

June 11, 2025
590

A Naypyitaw agent told The Irrawaddy that demand for real estate has tripled since last June.

“We normally handle three or four sales per month but since the coup were are selling at least 10 or 12 properties a month,” the estate agent said.

Homes are selling for between US$60,000 and $180,000, according to agents.

Other estate agents said sales are highest in Dekkhinathiri, Pobbathiri and Ottarathiri townships because they are seen as the most tranquil areas.

Dekkhinathiri is popular with the wealthy, Pobbathiri is home to middle-ranking military personnel and Ottarathiri hosts senior officers and retired civil servants.

An Ottarathiri resident said: “I bought my home for 60 million kyats three years ago but last week I sold it to a retired military officer for 110 million kyats. He did not try to reduce the price.”

Luxury homes are being rapidly built in the three townships, mostly on land handed to retired military officers.

The former dictator Than Shwe relocated the capital from Yangon to Naypyitaw in late 2005, apparently to insulate the military leadership from popular uprisings.

Agents say the more reliable electricity supply in Naypyitaw is another attraction.

Since last month, prolonged power cuts have become a regular part of life across Myanmar.

Naypyitaw residents say there are few outages and they only last a few hours. Power cuts apparently never happen in Zayarthiri Township, where Min Aung Hlaing lives and works along with other junta chiefs.

The junta recently said national infrastructural maintenance and upgrades to an offshore gas station are restricting electricity production.

Naypyitaw controls the bulk of Myanmar’s power supply, leaving other cities in darkness.

You may also like these stories:

Serbia Sold Arms to Myanmar Junta After Coup

Regime Forces Kill Motorbike Rider in Central Myanmar

Myanmar Regime Backs Russia’s Invasion of Ukraine

Your Thoughts …
Tags: civil disobedience movementcivilian deathsCoupcrackdownDemocracyElectricityHuman Rightsjuntamilitary in politicsmilitary regimeMin Aung HlaingNational League for DemocracyNational Unity GovernmentNaypyitawNovember 8 general electionPDFPeople’s Defense Forcepeople’s warPolitical Prisonerspower cutspower suppliesPropertyReal EstateRule of LawState Administrative CouncilState Counselor Daw Aung San Suu KyiTatmadaw
The Irrawaddy

The Irrawaddy

...

Similar Picks:

As Myanmar’s Military Stumbles, a Top General’s Dissapearance Fuels Intrigue
Burma

As Myanmar’s Military Stumbles, a Top General’s Dissapearance Fuels Intrigue

by The Irrawaddy
April 19, 2024
46.8k

The junta’s No. 2 has not been seen in public since April 3, sparking rumors that he was either gravely...

Read moreDetails
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
44.6k

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
38.5k

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
36.5k

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

Read moreDetails
Myanmar Coup Leader Showers Medals on Troops as String of Defeats Erodes Morale
Burma

Myanmar Coup Leader Showers Medals on Troops as String of Defeats Erodes Morale

by The Irrawaddy
December 8, 2023
32.9k

Min Aung Hlaing was trying to distract attention from a string of military defeats by handing out 147 medals for...

Read moreDetails
Myanmar Junta Arrests Thai Condo Buyers, Realtors as Currency Crashes
Business

Myanmar Junta Arrests Thai Condo Buyers, Realtors as Currency Crashes

by The Irrawaddy
June 4, 2024
27.6k

Monday’s arrests follow reports that Myanmar has become one of Thailand’s most lucrative markets for selling condos since the 2021...

Read moreDetails
Load More
Next Post
An Open Letter From a Striking Myanmar Military Officer

An Open Letter From a Striking Myanmar Military Officer

Myanmar Shadow Govt

Myanmar Shadow Govt, EAOs and Regime Attend Kokang Army Founder’s Funeral 

No Result
View All Result

Recommended

The Hidden Fallout From China’s Cross-Border Crime Crackdown in Myanmar

The Hidden Fallout From China’s Cross-Border Crime Crackdown in Myanmar

4 days ago
1.4k
How the Myanmar Military’s Propaganda Efforts Have Evolved Over the Decades

How the Myanmar Military’s Propaganda Efforts Have Evolved Over the Decades

2 days ago
858

Most Read

  • Civilians in Need as Arakan Army Advances on Kyaukphyu

    Civilians in Need as Arakan Army Advances on Kyaukphyu

    shares
    Share 0 Tweet 0
  • Myanmar Junta Reinforces Kyaukphyu as AA Nears China-Backed SEZ Hub

    shares
    Share 0 Tweet 0
  • Myanmar Junta Advances into Karenni State

    shares
    Share 0 Tweet 0
  • Myanmar Jade Hub Burns as Junta Counteroffensive Penetrates Hpakant

    shares
    Share 0 Tweet 0
  • China Defends Myanmar Junta on Human Rights at UN

    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.