Dala squatters will be moved out by March

[DagonKhan]

Dala squatters will be moved out by March

A surge in land prices has prompted landowners to demand that squatters in 50 houses on property in Dala township leave by the end of February 2015. The houses are located in Yarza Thingyan, Kyansit Thar, Tapin Shwe Htee and Nyaung Kone wards.

Photo: Yu Yu

So far, 15 squatters have signed agreements to leave, says U Tha Mar Di, the owner of 222 Car Sale Centre.

Continues here:- http://www.mmtimes.com/index.php/business/property-news/11591-dala-squatters-will-be-moved-out-by-march.html

[DagonKhan]

Dala in limbo after speculation rush

The ongoing speculation rush in the Yangon new city area to the west of the existing city is not the city’s first, and likely not its last. Nearby Dala township, across the Yangon River from downtown, experienced a similar speculation boom a year ago.

A boy passes by two houses of questionable legality in Dala township. Dala was home to a property speculation rush last year. Photo: Yu Yu

While the latest Yangon new city rush occurred following a surprise announcement by the mayor last month that the area would be the site of a US$8 billion city extension, the Dala township rush a year ago came after an announcement that a bridge would be built linking it with downtown Yangon.

Continues here:- http://www.mmtimes.com/index.php/business/property-news/11590-dala-in-limbo-after-speculation-rush.html