July 02, 2017

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Fair-price housing to implement in Mandalay

Fair-price housings in Mandalay. Photo: Min Htet Aung
Fair-price housings in Mandalay. Photo: Min Htet Aung

The Mandalay Region government has instructed its development committee to implement fair-price housing projects in Chanmyathasi township with construction companies on a basis of mutual benefits.
The fair-cost housing projects are slated for starting in this fiscal year and will be sold to retirees and workers, said U Thet Naing Tun, joint secretary of the Mandalay City Development Committee.
The projects will provide 3,360 rooms, he said, adding that an agreement has been reached between the committee and the construction companies, with the former receiving 30% of the profits and the latter 70%.—Min Htet Aung (Mandalay Subpublishing House)

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