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HomeBreakingAung San Suu Kyi’s home to be auctioned off for $90 million

Aung San Suu Kyi’s home to be auctioned off for $90 million

FROM THE DVB NEWSROOM

The Kamayut District Court announced yesterday that Aung San Suu Kyi’s home in Yangon will be auctioned off at $90 million USD on March 20. 

“The starting bid for the auction is set at 315 billion kyat,” an anonymous source close to the lakeside villa’s sale told DVB.

The 54 University Avenue residence, located in Bahan Township, is where Aung San Suu Kyi spent 15 years under house arrest imposed by the military until she was allowed to take a seat as a member of parliament following her successful election in 2012. 

Since then, Aung San Suu Kyi has lived in Naypyidaw and led the National League for Democracy government as State Counsellor from 2015 to 2021 when she was ousted and jailed in a military coup.

The famed residence and home has been at the center of a decades-long inheritance dispute between Aung San Suu Kyi and her estranged brother Aung San Oo. In 2016, the Western Yangon District Court ruled that the property was to be shared between the siblings. 

Aung San Oo was dissatisfied with the ruling and unsuccessfully appealed to the court to have the home auctioned off, with the proceeds to be shared between the two of them.

Aung San Oo made an appeal to Myanmar’s Supreme Court in 2022, which led to the auction. Sources in Yangon are unclear if Aung San Suu Kyi, who has been held in solitary confinement in Naypyidaw since Feb. 1, 2021, has been given the opportunity to respond to the court decision.

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