Most expats cannot afford to buy condos

According to Ko Ko Htwe, the chairman of Taw Win Construction, most foreigners living in Myanmar cannot afford condominiums, despite the recent law enabling expats to purchase condo properties. Instead, most expatriates choose to stay in normal apartments and, according to Ko Ko Htwe, the market for condo sales is still cold. The Condominium Law, […]

Yangon Region Government to invite open tender to Build Low Cost Housings; Closing Date: April 24th, 2015

  Invitation for Tender to Build Low Cost Housings 1. The Citizen Companies/Organizations, who wish to carry out to build low cost housings on the Government owned land area 183.505 acres, which the Government of Yangon Region has the right to manage, corner of Myanandar St. and Shwe Li St., Dagon Myo Thit (habor) Tsp., […]

Yangon’s urban-development plans are self-defeating, critics say

Residents of Yangon are generally unexcited by the government’s plans to build more low-cost projects, citing the high prices and negative consequences of the projects to land prices and rents in the commercial city. Asked about this, Zaw Zaw, a resident of a northern section of Dagon Myothit Township, simply said “We can’t afford them.” […]

Low cost housings to be implemented across the country

Low cost housings will be implemented in Yangon and Mandalay, as well as in states in need of housings, according to Ministry of Construction. At present, Yangon is in need of housings and low cost housings are implemented to match with increasing numbers of population. Moreover, the government is upgrading Pyithawthar housing project. Similarly the […]