Myanmar Insurance (MI) signed a Memorandum of Understanding (MoU) with Japan, Germany and Malaysia to cooperate on insurance services for the construction of one million housing units to be developed by the Ministry of Construction, at Myanmar Insurance on August 28. Dr Sandar Oo, Managing Director of Myanmar Insurance said: “The country needs to develop […]
Joint Approach Coming for Low-Cost Housing Projects
January 17, 2018 by
Government will enter into join ventures with businesses to stimulate low-cost housing projects on public land, according to the Department of Human settlement and Housing Development. In an effort to stimulate construction of needed low-cost housing, public-private developments will be allowed on government land, the department said. Land will be provided by the government and […]
4.8 Million Housing Units Required by 2040
August 15, 2017 by
The government’s national policy on housing will take into account the country’s urbanisation and urban migration. Myanmar’s commercial capital will need 1.07 million housing units by 2040 and the entire country will require an additional 4.8 million units by then, according to an official from the Ministry of Construction. The whole country will need 4.8 […]
Sales of apartments booming thanks to instalment payments
June 13, 2017 by
Instalment housing under K30 million are experiencing strong sales within the real estate market, according to U Yan Aung, general manager of Asia Construction. “Within the market, sales of instalment housing in the lower price range, ranging from around K10 million, are booming. The majority of the people are purchasing normal apartment units with an […]
Affordable Housing Still Unattainable for Many
March 14, 2017 by
RANGOON — In an effort to build low cost and affordable housing across Burma, the Myanmar Construction Entrepreneurs Association (MCEA) and Singapore-based consultancy Surbana Jurong signed a memorandum of understanding (MOU) at Sule Shangri-La Hotel on Friday morning. Government-owned Surbana Jurong has played a role in urban development and public housing in Singapore. The […]
Applications invited for low-cost apartments of Construction ministry starting from 28th November
November 25, 2016 by
A list of people who have saved a 30 per cent deposit to purchase low-cost apartments developedby the Construction Ministry has been released by the Construction and Housing Development bank branches (CHDB). Those who are in accord with the prescribed rules are entitled to submit applications starting 28 November, according to an announcement released by […]
