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 at the recent Opportunities and Challenges for Developing Housing and Construction Business Seminar.

“Tenders have been called for developing 150-acres of land in Dagon Seikkan Township. The project will start soon. Many low-cost and affordable housing units will be created by the project. The exact number of rooms might be announced after a month. Right now, some submitted designs do not match the department’s requirements, so we are still negotiating. For example, the developers can’t provide the road area we want,” said Nay Min Htet.

According to the Ministry of Construction, more than 18,000 rooms will be available in 19 low-cost and affordable housing complexes being built in various regions within the 2014-2015 fiscal year.

Out of the 19 total housing projects, 15 are reportedly located in Yangon Region, one in Mandalay Region, two in Sagaing Region and one in Magway Region.

The Ministry of Construction stated that the Department of Human Settlement and Housing Development has planned to construct 10 low-cost and affordable housing projects with nearly 20,000 units during the 2015-2016 fiscal year.

These housing projects will be implemented in Dagon Seikkan Township, South Dagon, Thingangyun, Mingalardon, Hlaingthaya and Thanlyin in Yangon Region, Pathein in Ayeyawady Region and Mawlamyaing in Mon State.

Source: Eleven Myanmar

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