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Yangon blighted by housing woes

There’s no doubt many Yangon residents want to own their own home in the city as soon as possible, especially those with families or planning to start one. But for many city folks, the prices of new housing units, even those classified as low-cost housing, are beyond their reach given the current state of the […]

Mandalay city to seize low-cost apartments flipped by owners

The Mandalay City Development Authority will seize apartments that have been resold and re-rented in low-cost housing buildings for squatters, a senior city official has said. U Kyaw San Myint, a member of the authority, said his office is compiling a list of people occupying the buildings on Strand Road west of Mandalay city. City […]

Yangon Contractors Face Trouble

Due to the dollar rate appreciation, bad weather, and a sluggish market, contractors are facing difficulties and troubles. In order to address the issue, an event was held at The Sky Star Hotel on July 21. The event that was drafting the Apartment Law gave the opportunity for many to express their feelings. Feelings of […]

Yangon to build 200,00 units of low-cost housing

Low-cost housing projects totalling about 200,000 units will be built in Dagon, Hlinethaya and Shwepyitha townships in Yangon Region starting in December to provide homes for the increasing number of migrant workers, said Chief Minister Phyo Min Thein. “There are a large number of people entering Yangon for job opportunities. We are planning to provide […]

FDI could exceed MIC’s target in 2017-18, but still lower than previous years’

Between April 1 and July 11 of the current fiscal year, FDI into the country hit US$2.7 billion, almost half the MIC’s target. Meanwhile, a total of US$127 million in fresh funds was pumped into the Thilawa Speical Economic Zone, while US$221 million was injected into existing projects. That’s US$3.1 billion in total for the […]

Government low-cost housing event to be held in October at MICT Park

A low-cost housing event will be held from 21st to 23rd October at MICT Park in cooperation with the Department of Human Settlement and Housing Development and the Construction and Housing Development Bank. The low-cost housing event, led by House.com. mm, includes low-cost apartments implemented by the government under a 100-day project. The low-cost housing […]

Tender for Construction of 2 Low Cost House Projects at Hlaing Thayar Township . Closing Date 30th Sep 2016.

Subscribe to our tender alert mailing list Ministry of Construction Department of Urban & Housing Tender Invitation Yangon Region,Hlaing Tha-Yar Township,Thanlyn-Kyauktan Township,the Ministry of Construction,Urban and Housing Department is planning to develop low-cost and affordable housing complex and apartments at the following places: Hlaing Tha-Yar Township,Kyan Sitt Thar Housing projects (part II), approximately 23 acres […]

Low cost housing projects to be opened to foreign construction companies

Subscribe to our tender alert mailing list Due to the chronic housing shortage that the current government has inherited, the new government will look at opening up low cost housing construction projects to foreigners if they are able to complete the project in 2 years. In the past the government has invited Myanmar companies to […]

Housing project prices spark public anger

The price of apartments in Myanmar’s largest housing development project, which will be sold to buyers later this year, has been met with anger from the public. Low-cost housing is being built in Dagon Seikkan township in Yangon. StaffLow-cost housing is being built in Dagon Seikkan township in Yangon. Staff The 120-acre Ayeyarwon development project […]

Yangon needs 75,000 new apartments each year

Yangon will need around 75,000 new apartments to be built each year to accommodate the city’s growing population, but contractors are struggling to come anywhere close to this target. More than 330,000 people migrate to Yangon each year from elsewhere in the country, but formidable challenges remain to building enough accommodation to keep up with […]