Over 2,000 low-cost apartments in Yangon can be purchased under the Hire-Purchase system in September and those who do not own house will be given priority.
The Department of Human Settlement and Housing Development has already handed over the apartments to the Yangon regional government. These apartments are located in Hlaingthaya and Dagon Myothit (South). The apartments will be sold at around Ks10 million, depending on which floor of the building the apartments are located.
Those who do not own a house are entitled to purchase the apartments in instalments. They have to present evidence that their family income is between Ks3 lakhs and Ks5 lakhs per month. After they provide the necessary documents, they have to open account at the Construction and Housing Development bank so that they can purchase apartments in 8-year instalments.
Source: Global New Light of Myanmar
