The price of property in Dawei has risen beyond the reach of local residents as investors from overseas and Upper Myanmar buy up land in anticipation of a new special economic zone.
While the zone has been eight years in the making, there are still few signs of development on the ground. However, recent announcements that construction is moving ahead, combined with escalating conflict in the north of the country, has led to a rise in real estate investment in the area, local residents said.
Buying property in Tanintharyi Region is an “adventure for investors” they added, as township authorities have no specific land-use policies and land ownership documents are scarce. It is therefore hard to discover who owns the land, as sellers often do not transfer ownership in written form.