Who’s who: Myanmar’s new cabinet

Take a look inside the National League for Democracy’s new proposed government with insider profiles of the party’s 18 candidates for ministerial posts: Daw Aung San Suu Kyi (foreign affairs; president’s office; education; energy and electric power) The National League for Democracy leader needs little introduction. Has vowed to rule “above the president”, and with […]

Low-cost apartments in Yangon’s Yuzana Housing to go on sale

  Apartments in a major low-cost housing development in Yangon’s Dagon Seikkan township will be sold to the public in the last week of March, with some units to be rented at subsidised prices, an official said yesterday. Yuzana Housing project is being developed by the Department of Urban and Housing Development (DUHD) near to […]

Ministry surveys Dagon Seikkan land for rental housing

The Ministry of Construction is surveying land in Yangon’s Dagon Seikkan township near Yuzana Garden City housing complex, with a view to building the city’s largest rental housing project to date, an official told The Myanmar Times. If the ministry deems the land suitable for development, it will call a tender for private contractors, said […]

Budget falls well short of low-cost housing needs

The budget for building affordable housing over the coming year will cover just a fraction of Yangon’s housing requirements, while low-cost housing units remain too expensive for those most in need of accommodation. In the coming fiscal year, the government has been granted K46 billion to build rental housing nationwide, which will cover the cost […]

Squatters: a challenge for the new government

The squatter problem in Yangon is growing day by day. The problem remains unresolved, despite the efforts of successive governments. In the 1990s, Yangon had 9,019 squatter households. According to figures collected in 19 townships in the Yangon municipal area, this number has increased to 43,985 today—about five times higher than in the 1990s.  Hlaingthaya […]

Housing project prices spark public anger

The price of apartments in Myanmar’s largest housing development project, which will be sold to buyers later this year, has been met with anger from the public. Low-cost housing is being built in Dagon Seikkan township in Yangon. StaffLow-cost housing is being built in Dagon Seikkan township in Yangon. Staff The 120-acre Ayeyarwon development project […]

Low-cost housing project in Yangon struggles to secure water supply

Supplying water to the estimated 100,000 residents of a new housing development in Yangon could put supplies to the rest of the city at risk, the government has warned. Next year, the first 6000 of the 19,600 apartments now being built in the Ayeyarwun and Yadanar housing developments in Dagon Seikkan township will be offered […]

Real estate roller-coaster

After shooting up in 2013 and 2014, excessive speculation and political uncertainties combined are pushing down exorbitant rents Rental rates for luxury apartments in some parts of Yangon have been steadily declining since September 2014, while rates for basic apartments have remained stable, according to real estate market forecasts. “The rental charges in the real […]

Ongoing housing developments fall short of local demand

Housing projects currently in progress in Myanmar can barely fulfill people’s need for shelter, according to the Department of Human Settlement and Housing Development. “Right now, public need differs from region to region. Few are working to fill these needs,” said Nay Min Htet, deputy director of the Department of Human Settlement and Housing Development […]

Low cost housings to be implemented across the country

Low cost housings will be implemented in Yangon and Mandalay, as well as in states in need of housings, according to Ministry of Construction. At present, Yangon is in need of housings and low cost housings are implemented to match with increasing numbers of population. Moreover, the government is upgrading Pyithawthar housing project. Similarly the […]