The Kamayut District Court has decided to hold the fourth auction of Compound No. 54 on University Avenue, Bahan Township, Yangon, for Ks. 270 billion on April 29, U Aung San Oo’s lawyer told One News.
U Aung San Oo’s team submitted a petition to auction Compound No. 54, reducing the floor price from Ks. 297 billion to Ks. 270 billion in the third auction, but Daw Aung San Suu Kyi’s team did not submit a specific auction price. As a result, the Kamaryut District Court decided on March 25 to auction it at the floor price submitted by U Aung San Oo, in accordance with Article 238 of the Courts’ Manual. The fourth auction of Compound No. 54 is set at the cost of Ks. 270 billion and will be held in front of the house on April 29. A report will be submitted to the court on April 30, according to U Aung San Oo’s lawyer.
Compound No. 54 was auctioned for the first time on March 20, 2024, for Ks. 315 billion, the second time on August 15, 2024, for Ks. 300 billion, and the third time on February 5, 2025, for Ks. 297 billion. But so far, there has been no bidder yet. Compound No. 54, the legacy of Daw Khin Kyi, the wife of Myanmar independence leader General Aung San, is said to include a large plot of land of 1.923 acres and buildings on the land.
