Affordable Housing Projects Affected as Funds Dry Up

​​ In a serious blow to thousands of would-be home-owners, the construction of affordable homes in Yangon’s Ayeyarwon and Yadanar housing projects has been suspended because the money has run out, government officials say. Urban and Housing Development department director general U Min Htein told The Myanmar Times on December 6 that the government lacked the funds to […]

Public Company to Build Government Housing Project

Public company Myanmar Construction and Development will finance and build a low-cost government housing project in Yangon. Chair of Myanmar Construction and Development U Thar Htay confirmed to The Myanmar Times that his company had entered into a partnership with the Ministry of Construction’s Department of Urban Housing and Development (DUHD). U Thar Htay is also the […]

More high-rise projects likely in Yangon suburbs, says MCEA chairman

Yangon’s outer suburbs are likely to become the preferred locations for high-rise residential projects because of high land prices and height restrictions near historic landmarks in the downtown and nearby areas, predicts a leading member of the construction industry. Myanmar Construction Entrepreneurs’ Association chairman U Thar Htay said the areas where height restrictions applied were […]