Apartments for Bo Ba Htoo Housing Project Go on Sale

Developers have started construc­tion on the sec­ond phase of the Bo Ba Htoo affordable housing project in Yangon’s North Dagon township, the Yan­gon City Development Committee has said.

The project, which the Yangon regional govern­ment hopes will be com­plete in 2018, sits on just under 15 acres of land in North Dagon Township at the corner of Bayint Naung Road and Bo Hmu Ba Htoo Road.

The project is a joint venture between the Yan­gon City Development Committee and real es­tate and infrastructure conglomerate Myanmar V Pile. Its second phase will cost an estimated K30 bil­lion, roughly $21.8 mil­lion.

The grounds of the housing project will fea­ture a playground, a lei­sure space, and car park­ing.

Units from the first phase of the project, which were offered un­der a lot-drawing system, have already sold out, and units from the second phase went on sale on May 2. Sales will be open until June 2nd, the devel­opers said.

Buyers will be bidding for 864 apartments in 27 eight-storey buildings. Prices start at K25.8 mil­lion kyat for the small­est apartment and go up to K377 million for a 900-square-foot unit.

A 600-square-foot apartment features a liv­ing room, two beda rooms, bathroom and a kitchen while the 900-square foot apartments offer a living room, three bed­rooms, a bathroom and a kitchen as well as a lift for common use by 16 apart­ments

Source: Myanmar Business Today

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