A touch of micro financing for renting homes in Yangon

As more and more people move to Yangon to seek work every year, the housing shortage in the city becomes increasingly acute. One form of housing that has emerged to serve the needs of middle-class workers seeking accommodations is hostels and rented rooms. Even as the rest of Yangon’s property market remains flat, demand for […]

Applications invited for low-cost apartments of Construction ministry starting from 28th November

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 […]

Over 2,000 low-cost apartments to be sold in eight-year instalments

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). […]

Construction Ministry to develop 8,000 affordable units in Yangon over two years

THE Ministry of Construction announced it will construct 8,000 affordable housing units in Yangon Region within two years according to Union Minister U Win Khaing. According to the ministry, around 40 or 50 buildings of five-story each will be built on 2000-acre of land this year. Low-cost apartments will be created to fulfill the needs […]