'She will spend her own money on the renovation,' Nyan Win said.
He added that according to city regulations, property owners must apply for a permit themselves, but given her situation, the permit can be sought by 'the authorities who are responsible for Daw Aung San Suu Kyi's house arrest'.
Authorities erected two fences on the lake side of the compound after Yettaw's infamous swim.
It was widely believed that Yettaw's bizarre escapade provided Myanmar's junta with a pretext to keep Suu Kyi out of the political picture until after a planned general election next year.
Yettaw, who was sentenced to seven years in prison, was released less than a week after receiving his verdict at the behest of US Senator Jim Webb, a Democrat from Virginia who is chairman of the East Asia and Pacific Affairs Subcommittee.