He was speaking at a workshop on the Thilawa Special Economic Zone held on January 9.
The deputy minister, however, reiterated that the government would adjust the price appropriate to the international community.
One square metre of industrial land
costs US$50, higher than in Thailand and Vietnam. As a result, a master
plan for the Thilawa Special Economic Zone has been drafted so as to
ensure there was no land price hike inside the zone.
Businessmen blamed property speculators, who control the industrial lands, for the steep hike in price.
If the industrial land plots are
allotted to those who really want to set up industries, the price will
not rise that much, the businessmen said.
Aye Thaung from the International
Business Promotion Centre said that the prices were rising because the
industrial lands were granted to those who were reselling them, adding
that industrial lands should be allotted to those who really intend to
use it.
source: Eleven Myanmar
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