Myanmar Junta's Bid to Sell Suu Kyi's Mansion Fails for the Third Time No Takers at Auction It seems like a straightforward and informative title that accurately reflects the content of the blog post.

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Title Myanmar Junta's Bid to Sell Suu Kyi's Mansion Fails for the Third Time No Takers at Auction

The Myanmar military junta has once again failed in its attempt to sell the historic lakeside mansion of detained democracy leader Aung San Suu Kyi. The latest auction, held on Wednesday, saw no bids submitted for the two-storey Yangon house and surrounding 0.8 hectares (1.9 acres) of land, which was valued at a minimum price tag of $140 million.

This is not the first time the sale has been unsuccessful. Similar auctions took place in March and August last year, but none yielded any interested buyers. It remains unclear who would be willing to spend such a large sum on a single property, especially considering Myanmar's economic struggles following the civil war triggered by the military coup.

The mansion holds significant historical importance, as it was where Suu Kyi spent around 15 years under house arrest after being confined within its walls for her activism against the then-junta in 1988. During this time, she would play the piano, read detective novels, and meditate to pass the days.

After her release in 2010, Suu Kyi lived on in the villa, receiving foreign leaders, journalists, and diplomats who would gather outside to hear her speak about democracy and non-violent resistance.

In recent years, Suu Kyi has been detained since the military seized power once again in February 2021. She is currently serving a 27-year prison sentence on charges ranging from corruption to not respecting Covid-19 pandemic restrictions – allegations that human rights groups deem are a sham designed to eliminate her politically.

Real estate agents estimate that similar-sized properties in upmarket Yangon areas might fetch $1 million to $2 million, making it unclear who would be willing to spend such a large sum on this particular property. The junta's failure to sell the mansion may be indicative of the broader economic challenges facing Myanmar.

Keywords Aung San Suu Kyi, Myanmar junta, auction, real estate, democracy leader, Nobel laureate

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