Some Gov’t Housing Projects May be Rent-to-Own

A total of 1,864 apartments from affordable housing projects will be leased as rental units, said the Department of Human Settlement and Housing Development. The majority of low-income people cannot afford the price of low-cost apartments and even cannot pay the required down payment of 30 percent. “For low-income people, we will implement a rental […]

Dagon City showroom already creating a buzz

The showroom of Dagon City 1, a multipurpose residential project that will be built in one of the city’s prime locations – next to Yangon Zoo – has been drawing crowds even though it has yet to officially open. The showroom will officially open on September 27, but its staff are not turning away those […]

No Water Supplies above 12th Floor: YCDC

Yangon City Development Committee announced that it would not provide water supplies to proposed construction projects of buildings with 12 or more storeys. As the constant increase of high-rise apartment buildings in Yangon puts more pressure on the public water utility, the new developers of taller buildings must prepare for this strained water supply, YCDC […]