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Upscale housing project takes shape near Mandalay

A housing project to be built in Yay Tagon Taung in Mandalay Region’s Patheingyi township is expected to create tens of thousands of jobs, said the company behind the project.

The project site is on 202 hectares of land on a golf course owned by the Mandalay City Development Committee about six kilometres east of Mandalay city.

“We aim to help develop Mandalay. This project will be helpful for residents because it can create many jobs and the government will receive revenue. It will also include resorts and will be a recreation area where people can come to relax,” said U Thet Lwin Shwe, vice CEO of property developer Phwint Phyo Thit.

The project’s master plan features an economic zone, golf course zone and housing zone. The development will include residences, a school, hospital, hotels, golf course, playgrounds and a shopping mall.

Work has already begun, and the project is expected to take three to six years, said U Thet Lwin Shwe.

The 27-hole golf course will be upgraded to international standard with 36 holes, said company officials. The 121-hectare golf course will be leased from the MCDC on a yearly basis to the company on a build-operate-transfer basis.

“The project does not involve foreign investment,” said U Thet Lwin Shwe.

Mandalay’s first housing development with a golf course was designed by French company Archetype Architect Group with consulting engineers MAA Co of Taiwan. China State Construction Engineering Corp Ltd is handling the construction.

The company says it will feature urban planning that alleviates traffic congestion and allows residents to enjoy nature in secure surroundings.

SOURCE: MYANMAR TIMES

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