Apartments for Bo Ba Htoo Housing Project Go on Sale

Developers have started construc­tion on the sec­ond phase of the Bo Ba Htoo affordable housing project in Yangon’s North Dagon township, the Yan­gon City Development Committee has said. The project, which the Yangon regional govern­ment hopes will be com­plete in 2018, sits on just under 15 acres of land in North Dagon Township at the […]

High Rates on Loans for Affordable Homes Are ‘Shutting Poorer Families Out of the Market’

The interest rates charged by banks on loans used to help low-income families purchase affordable hous­ing units are too high, the Chairman of the Myan­mar Real Estate Services Association has said. U Khin Maung Thant said that while it was a“great thing” that banks were providing loans to help people buy afford­able apartments, the rates […]

Great Hor Kham will invest in Nang Paw Hydropower project

The Great Hor Kham Public Company which was chosen to become one of the first six publicly listed companies in the Yangon Stock Exchange-YSX that opened in December 2015 is now aiming to invest over US$40 million in the Nang Paw Hydropower Project, according to the company’s report. The 20-megawatt Nang Paw Hydropower Project will […]

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 […]