December 15, 2016

Breaking News

Apartments planned for workers facing housing difficulties in Yangon

About 2,000 affordable rental apartments would emerge in the vicinity of industrial zones in Yangon.
About 2,000 affordable rental apartments would emerge in the vicinity of industrial zones in Yangon.

CONSTRUCTION Union Minister U Win Khaing said that his ministry will construct affordable rental apartments intended for workers facing housing difficulties in Yangon this year.
According to its housing policy the ministry will build 2,000 rental apartments in the vicinity of industrial zones for the use of workers on its list of priorities.
“They will be fully-serviced apartments, and the rent is around K20,000 a month,” the union minister said, adding that the non-profit housing policy would mitigate the city’s squatting issue.
A rental housing project called Mahabandoola was implemented in Dagon Myothit (South) township during the time of the previous government. The estate comprises 1,200 apartments, 1,152 rooms of which were sold by lot. The remaining 48 rooms were given to people whose land plots had been effected by the project.
According to Union Minister U Win Khaing, plans are under way to implement more housing projects in Yangon Region over the next two years.
“We will build 8,000 apartments. Each apartment will cost less than K10 million. These living spaces will be especially dedicated to low income families” he said.

 

Ko Moe

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