Myanmar auction fails again to attract bidders for the historic home of ousted leader Suu Kyi

Myanmar puts Suu Kyi’s house on auction for fourth time but finds no buyers

The colonial-styled private villa of Suu Kyi is located near Yangon’s scenic Inya lake

Myanmar auction fails again to attract bidders for the historic home of ousted leader Suu Kyi

A fourth attempt by Myanmar’s authorities to sell by auction the home of imprisoned former leader Aung San Suu Kyi has failed after there were no bidders for the property, where she famously was held under house arrest for almost 15 years.

No takers again: Myanmar junta fails to sell Suu Kyi’s iconic lakeside villa

YANGON, April 29 — Myanmar authorities failed to auction off Aung San Suu Kyi’s lakeside mansion on Tuesday — the fourth time the sale of the jailed Nobel peace laureate’s property has attracted no bidders. A court-appointed auctioneer emerged from the rusty gate of the sprawling two-storey pile on Yangon’s leafy University Avenue Road to offer it at a discounted US$128 million (RM550 million) starting price. Surveyed by a gaggle of journalists …

Auction of Suu Kyi’s Myanmar mansion fails for fourth time

The house was offered at a discounted starting price of $128 million—vastly more than the value of similar properties in Yangon

Myanmar authorities failed to auction the residence of imprisoned Nobel Peace Prize laureate and opposition leader Aung San Suu Kyi for the fourth time on Tuesday. The lakeside house in Yangon again failed to attract interest, even though the starting price was lowered to - in the currency - $128 million, the Associated Press reported, TASR writes.