The advance sale of apartments that will be built on military-owned land in Yangon once the Myanmar junta is defeated raised $6.06 million USD within 12 hours of sales starting at 8:30 p.m. on 29 April.

The apartments, which will be part of the Spring Inya Apartment Project will be built on 30 acres of military-owned land on Parami Road in Yangon City.

The sale has been organised for the shadow National Unity Government (NUG) by the fundraising group The End of Dictatorship.

A total of 750 one, two and three-bedroom apartments have been offered for sale.

The apartments are being sold with a 60-year lease. After the original lease expires it can then be renewed every 10 years with government approval.

The apartments can be purchased and owned by foreigners. After the revolution laws will be passed to ensure that foreigners can legally own the apartments.

Buyers of the apartments will have to pay 40 per cent of the apartments’ value immediately and will have to pay the remaining 60 per cent after the junta has been defeated and deposed.

Apartments can be bought from End of Dictatorship representatives in different countries, including Canada, Brunei, Thailand, Singapore, Korea, and Denmark.

The sale of these apartments marks the second stage of the End of Dictatorship’s Spring Yangon Phase III project.