Low-cost housing units set to hit market

The Department of Urban Housing Development (DUHD) under the Ministry of Construction will offer 388 low-cost apartments in the month of December.

Around 4710 people with savings of over K3 million as of September will have the chance to apply for the Official Direct Assistance (ODA) loans. Applicants need to have a savings account at the Construction, Housing & Infrastructure Development Bank to qualify.

Deputy Director General Daw Mi Mi Tin said, “These housings are in three townships in the Yangon Region. Online registrations will be accepted from December 7 to 11.”

20 units from phase one and 80 units from phase 3 will be available at the Shwelinban Housing project in Hlaingtharyar; a total of 208 units will sold at the Kyansitmin, Htihlaingshin and Kanaung housing projects in Dagon Myothit (Seikkan). A further 90 units will be on sale at the Thilawa Housing project in Thanlyin.

Those who are interested can contact the DUHD’s Facebook Messenger with their name, NRC No., project and unit details as well as their bank account details.

Eligible buyers and information about the lot draw will be announced on DUHD and the CHID bank’s Facebook pages.

Around 2,00 people are eligible for ODA’s Two Step loans, and a total of 5,041 people were given mortgages up to the end of July. Monthly payments range from K 50,000 to K 100,000.

Source : Myanmar Times