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Myanmar Junta Fails Again to Auction Aung San Suu Kyi's Historic Mansion

The lakeside property, valued at $140 million, has not attracted bidders despite three attempts, reflecting Myanmar's economic and political turmoil.

A police officer provides security while unidentified legal officials from Kamayut district court arrive outside the residence of ousted leader Aung San Suu Kyi as the home is auctioned in Yangon, Myanmar, Wednesday, Feb. 5, 2025. (AP Photo/Thein Zaw)
A man rides bicycle while a fruit vendor pushes his cart outside the residence of ousted leader Aung San Suu Kyi as the home is auctioned in Yangon, Myanmar, Wednesday, Feb. 5, 2025. (AP Photo/Thein Zaw)
An unidentified legal official from Kamayut district court speaks outside the residence of ousted leader Aung San Suu Kyi as the home is auctioned in Yangon, Myanmar, Wednesday, Feb. 5, 2025. (AP Photo/Thein Zaw)
An unidentified legal official from Kamayut district court speaks outside the residence of ousted leader Aung San Suu Kyi as the home is auctioned in Yangon, Myanmar, Wednesday, Feb. 5, 2025. (AP Photo/Thein Zaw)

Overview

  • The Myanmar military junta's third attempt to auction Aung San Suu Kyi's Yangon mansion ended without any bids on February 5, 2025.
  • The colonial-era property, a symbol of Suu Kyi's pro-democracy struggle, was listed at a reduced minimum price of $140 million but failed to attract interest.
  • The mansion, where Suu Kyi spent nearly 15 years under house arrest, has been at the center of a decades-long legal dispute between Suu Kyi and her brother over ownership.
  • Observers link the lack of bidders to Myanmar's ongoing civil war and economic collapse following the 2021 military coup that ousted Suu Kyi's government.
  • The property has significant historical value, having hosted global leaders like Barack Obama and Ban Ki-moon during Suu Kyi's leadership tenure.