No bidders present at Myanmar auction for $90-M sale of Suu Kyi’s home

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No bidders present at Myanmar auction for $90-M sale of Suu Kyi’s home
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Suu Kyi had lived in the decrepit, colonial-style villa for the bulk of the more than three decades she has spent in Myanmar since returning from Britain, including 15 years of house arrest under a previous junta.

No bidders showed up on Wednesday at an auction in Myanmar for the sale of the home of jailed former leader Aung San Suu Kyi, for which the starting price had been set at around $90 million, a witness and local media reported.The family property on Yangon's Inye Lake, measuring 1.923 acres was up for auction at the behest of the Supreme Court after a years-long legal battle between Suu Kyi, who was ousted in a 2021 coup, and her estranged brother Aung San Oo.

She had lived in the decrepit, colonial-style villa for the bulk of the more than three decades she has spent in Myanmar since returning from Britain, including 15 years of house arrest under a previous junta.Suu Kyi moved residence to the capital Naypyitaw to attend parliament after her release and remained there as Myanmar's de facto leader until her February 2021 ouster.

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