CHDB to announce plan to sell low-cost apartments

The Construction and Housing Development Bank has announced that it will release new policies for selling low-cost apartments to depositors who can pay 30 per cent of the total value in an initial instalment.

Win Zaw, the managing director of the CHDB, said: “People can save their money at the CHDB. They will have a chance to buy apartments through a lucky draw programme when they can pay the first instalment. It will take them a long time to save Ks 3 million if they save Ks 10,000 per month. It would take 30 months if they save Ks 100,000 per month. The main point is they will have to save enough money to pay the first instalment.”

The CHDB has opened seven branches in Yangon, Nay Pyi Taw, Mawlamyine and Pathein. Plans are under way to open additional branches in places where the low-cost housing projects are implemented.

A total of 270 units from the Shwelinpan low-cost housing project in Yangon’s Hlaingthaya Township are being sold through the CHDB. The CHDB opened its headquarters at No 60 Shwedagon Pagoda Road in Dagon Township, Yangon, on January 11.


Source: Eleven Myanmar

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