Reducing Low-Cost Housing Instalment in The Works

Discussions are ongoing to reduce the initial 30-percent requirement to 20pc for low-cost housing instalments, said U Win Zaw, managing director of the Construction and Housing Development Bank. “We started discussing the amount for down payments which a buyer has to pay. We are trying to reduce it to 20pc and to get finance for long-term loans. If lenders can give […]

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 […]