New bank offers long-term low-interest loans for housing purchases

The Construction and Housing Development Bank (CHD) is considering a plan to provide long-term, low-interest loans to people who want to buy homes. The bank was launched in January with an initial capital of Ks 100 billion (US$100 million) and operates under the supervision of the Ministry of Construction. The bank was licensed by the […]

Myanmar launches construction and housing development bank

Myanmar has officially opened a first-of-its-kind bank yesterday in its commercial capital “Yangon”, according to sources. Construction and Housing Development (CHD) Bank was opened on January 11 at No.60, Shwe Dagon Pagoda Road, Dagon Township in the capital. Long-term personal loans for buying houses, apartment and condo flats are now available from the bank, according […]