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 starting price.
Surveyed by a gaggle of journalists and around a dozen police, the auctioneer asked for bidders three times before proclaiming: “We hereby announce that the auction is not successful.”
Suu Kyi has been jailed since being deposed by a 2021 military coup but spent years under house arrest at the historic property during a previous period of junta rule.
After lengthy legal wrangling her estranged brother has won the rights to half of the villa. Its sale is being overseen by junta-appointed officials and. . .
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