Dept of Urban & Housing Development: Partner Invitation for Housing Project in Dagon Seikkan Township.

Ayearwon-Yadanar Highrise Housing Project, located at Dagon Seikkan Township Ward No (61 & 67), between Yadanar and Ayearwon Road. See https://goo.gl/maps/3XXB1p9hJNv. The project is constructed and developed by the Department of Urban and Housing Development. Partners and Investors who want to co-operate for the project are invited. Project details and partnership scheme can be discussed […]

Union budget funds to go on housing projects in Ayeyawun and Yadana

Funds from the Union budget have been allocated to the construction of 11 residential buildings in Ayeyawun and Yadana. Eighteen other housing projects will be carried out in cooperation with private companies under joint ventures. The chairman of the Myanmar Construction Entrepreneurs Association submitted a proposal to Vice-President Myint Swe that the government provide more […]

Myanmar Luxury Property Hampered by Confusion Over Law on Foreign Buyers

Confusion over a law allowing foreigners to buy condominiums in Myanmar is prolonging a slowdown in its residential property sector, highlighting the challenges of regulatory flux in the frontier market. The legislation adopted in January 2016 leaves unanswered questions such as whether it applies to existing apartments, hurting efforts to woo investors. The outlook now […]

Low-cost apartments in Yangon’s Yuzana Housing to go on sale

  Apartments in a major low-cost housing development in Yangon’s Dagon Seikkan township will be sold to the public in the last week of March, with some units to be rented at subsidised prices, an official said yesterday. Yuzana Housing project is being developed by the Department of Urban and Housing Development (DUHD) near to […]

Rapid Migration and Lack of Cheap Housing Fuels Yangon Slum Growth

YANGON — Ei Cho Khine once had dreams of becoming a tour guide. As a student back in her village in Magwe Region in central Myanmar, she would often encounter groups of foreigners being led by tour guides while helping her parents at their Bein moke snack stall. “My dream was to be a tour […]

Budget falls well short of low-cost housing needs

The budget for building affordable housing over the coming year will cover just a fraction of Yangon’s housing requirements, while low-cost housing units remain too expensive for those most in need of accommodation. In the coming fiscal year, the government has been granted K46 billion to build rental housing nationwide, which will cover the cost […]

Korean state firm eyes first industrial zone

State-owned Korea Land & Housing Corporation (KLHC) is collaborating with the Ministry of Construction on a new US$120 industrial complex, according to officials involved in the process. The Korea-Myanmar Economic Cooperation Industrial Complex is KLHC’s first project in Myanmar. The corporation is hoping to build the complex in the Yangon area, and is in talks […]

Low-cost housing project in Yangon struggles to secure water supply

Supplying water to the estimated 100,000 residents of a new housing development in Yangon could put supplies to the rest of the city at risk, the government has warned. Next year, the first 6000 of the 19,600 apartments now being built in the Ayeyarwun and Yadanar housing developments in Dagon Seikkan township will be offered […]

Squatters delay Hlaing Tharyar housing

A low-cost housing project for workers in Hlaing Tharyar township has been delayed by squatters who refuse to vacate land set aside for the project. The prevalance of squatters at the low-cost housing site has kept the project from moving forward. Photo: Aung Htay Hlaing / The Myanmar TimesThe prevalance of squatters at the low-cost […]

Low-cost housing should be first priority

Myanmar is well behind target on delivering low-cost housing units to the people who need them most, according to developers. While authorities have commissioned several affordable projects in Yangon, the country’s commercial city still faces a housing shortage, said Cyrus Pun, head of real estate at Yoma Strategic Holdings. He said the government should focus […]