The property market in Thanlyin, on the other side of Yangon, is benefitting both buyers and sellers because real estate prices are stable, according to real estate agents in Thanlyin Township.
Last month, sales were good in the Thanlyin real estate market, and despite the usual slow transactions during the Lent period, there are still some sales.
“We don’t see property prices skyrocketing in Thanlyin. For example, when gold price was high, sellers didn’t raise the asking price very much. So, it is okay for both the agents like us and buyers. Some people from other towns rather than Yangon also bought. Some people can’t decide where to buy after seeing around. Most of them bought to live. Sales are not as high as the previous months. The fact that it is the Lent period is one reason. After the Lent, sales will pick up again. Some people who moved from other cities are interested in condominiums,” said Ko Sai Lin, a real estate agent in Thanlyin Township.
As Thanlyin Township was built on naturally high ground, flooding and water-accumulation are less common than in other areas.
“Many people predicted that there would be 100% interest in this area when the Thanlyin bridge was completed. But it’s not that much despite a small rise. Say, only 20 per cent is more interested. There are only few flooded places in Thanlyin. Only two or three wards were flooded. Because it is a naturally high land, floods are uncommon,” he explained.
After the opening of the Thanlyin Bridge, real estate transactions as well as traffic flow have improved, according to locals. – Thit Taw/ZN
