One person buys 10 plots of land from NUG for $2.4 million USD

08 November 2022
One person buys 10 plots of land from NUG for $2.4 million USD

One person paid $2.4 million USD to buy the last 10 remaining plots of land sold by the National Unity Government (NUG) in exile to raise funds for the revolution.

The plots of land, which are located south of Aung San Suu Kyi Street in Mandalay, were illegally seized by the military.

The land was sold by the NUG as part of the Spring Rose Real Estate Project where they ‘sell’ land illegally seized by the junta. The NUG then uses the money from the ‘sale’ of the land to help fund the Spring Revolution in Myanmar. Once the revolution succeeds and the army is expelled from the country the newly installed NUG government will give the buyers their land.

The NUG Minister of Finance and Investment said on his social media page: “We respectfully salute and bow our heads to all the people who are involved in and serving the revolution with firm commitments and a belief in victory, as well as those who bought single plots [of land] and many plots.”

The land seized by the military south of Daw Aung San Suu Kyi Street on 38th Street, between 73rd and 78th Street, was divided into 20 plots measuring 100 feet by 100 feet by the NUG Ministry of Planning, Finance and Investment. It offered each plot for sale at a price of $240,000 USD per plot.

The land sale started on 1 October and by 4 November 10 of the plots had been bought. On 5 November, a buyer bought the remaining 10 plots for $2.4 million USD.

The land has been illegally seized by the military, which has built a compound to house a battalion on the land, according to the Mandalay Strike Force.