OH my God!!!!!! What happened to me? I am just shouting for surprise. What make me surprise? It is a price list given by a property agent in last Sunday Myanmar property road show. I was talking so much to marketing staff without checking the price list first. I thought that some property rate would be reachable for a person who is working in a developed nation. I wouldn't have talked to staff had I read the list first. Because the price are sky rocketing and out of our budget so far. Have a glance some of the list.
Land plot = Ks 350,000 (S$ 510.00) per square feet. (Yangon, prime area)
Land + house = Ks 36,433 (S$ 53.00) per square feet. (Thanlyan, nearboring city of Yangon)
Condo Apartment = Ks 154,545 (S$ 226.00) per square feet. (Yangon, suburb area)
Condo Apartment = Ks 205,892 per sq ft (Yangon, close to city area)
Low Cost Apartment = Ks 51,429 per sq ft (Thanlyan Tsp)
Surprisingly, Myanmar is 2nd most expensive place to buy properties after Singapore. How do ordinary people of least developed nation afford such crazy price to own a place to call home? Recent and on-going labour strike show how deep the plight of industrial workers have gone in Myanmar. A general worker who work in garment can expect basis salary not more than Ks 50,000 per month. Given living cost, it is sadly enough for one person to survive. People are struggling to find such a job. But its property price go sky high definitely will make rich and poor gap more wider. No wonder we have seen a lot slum across the suburb areas of all round Yangon. It is obvious that internal migrant workers can't afford to rent a flat to live in. Because they are mostly uneducated workers and earn less. So they mostly rely on living in slum an it have been increasing.
Hope the authority will look into the unusual property market and step in to cool property price by creating low cost housing for public. At the same time, I hope the government introduce the housing scheme for its people to afford buying a roof over their heads.
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