Applications invited for low-cost apartments of Construction ministry starting from 28th November

A list of people who have saved a 30 per cent deposit to purchase low-cost apartments developedby the Construction Ministry has been released by the Construction and Housing Development bank branches (CHDB). Those who are in accord with the prescribed rules are entitled to submit applications starting 28 November, according to an announcement released by […]

New housing project in Mawlamyine estimated to produce about 2,000 units

The Urban and Housing Development Department under the Ministry of Construction plans to implement a new housing project in Mon State estimated to build about 2,000 new units.   The department submitted a proposal to the Mon State government in September to carry out the housing project on vacant plots in the east of Mawlamyine- […]

CHDB to announce plan to sell low-cost apartments

The Construction and Housing Development Bank has announced that it will release new policies for selling low-cost apartments to depositors who can pay 30 per cent of the total value in an initial instalment. Win Zaw, the managing director of the CHDB, said: “People can save their money at the CHDB. They will have a […]

Low-cost housing winners out of luck

Over 100 people may be out of luck after winning rights to purchase low-cost housing from Shwe Lin Ban project in Yangon’s Hlaing Tharyar township, according to Daw Thida Than, a staff officer at the Department of Human Settlement and Housing Development. A total of 768 different units at Shwe Lin Ban were meted out […]

CHDB pushes for funding for plans to finance mortgages for homeowners

Home ownership may be a common dream, but financing purchases of admittedly expensive homes continues to be an obstacle. The Construction and Housing Development Bank was set up in 2013 under the Ministry of Construction’s supervision to providing the loans that could allow more people to afford homes, but so far its success has been […]