Nearly 300 low-priced flats in Shwe Lin Ban unsold

October 26, 2017 by

Nearly 300 low-cost houses at Shwe Lin Ban industrial zone in Hlaing Tharyar township, are awaiting to be sold, according to an official from the Department of Urban and Housing Development (DUHD), Ministry of Construction. “We are developing cheap housing for those with very low income who couldn’t afford accommodation prices,” U Nay Myo Hlaing, […]

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Yangon SMEs to receive smart cards facilitating loans

September 4, 2017 by

Smart cards to help small and medium-sized enterprises (SMEs) apply for bank loans will be issued after the relevant data is collected, Yangon Chief Minister U Phyo Min Thein said at a meeting with local businesses at the Republic of the Union of Myanmar Federation of Chamber of Commerce and Industry (UMFCCI) office on August […]

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CHDB to offer instalment system for government’s low and fair cost apartments

October 20, 2016 by

Construction and Housing Development Bank (CHDB) will offer an installment system for the low-cost and fair-cost housing apartments which the government will soon offer for sale, it is learnt from CHDB. The low-cost housing apartments will sell for between Ks9.7million to 13.4million per home, with each 19×25 unit. Those who want to buy those apartments […]

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Industry banks add to sector’s risk

August 25, 2015 by

With each new approval of an industry-focused bank, Myanmar’s banking sector becomes riskier. Instead of creating more banks, Myanmar should streamline its existing institutions to minimise the chance of a banking sector crisis, according to international advisers, who have warned the government against the systemic risks created by sector-specific banks. However, despite an already crowded […]

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