September 19, 2017

Mandalay Department of Urban and Housing Development to sell over 500 affordable apartments

Affordable apartments in Mandalay awaiting their proprietors.
Affordable apartments in Mandalay awaiting their proprietors.

THE Mandalay Department of Urban and Housing Development will sell over 500 affordable apartments within the Mya Yee Nandar housing complex in Chanmyartharsi Township, said U Aung Kyaw Oo from the regional office of the department.
The building is its last phase of construction. The decision as to who are entitled to buy the flats will be made by the authorities. The estate is aimed at promoting the living standards of the public. If we are granted land, we will construct more housing estates, U Aung Kyaw Oo added.
Altogether the construction of 180,000 apartments is planned from 2016 until 2021.
There is a total of 560 apartments and 14 five storied buildings which have been constructed on an 7.67 acre plot of land. The prices begin at K20.3 million for a ground floor flat, K20.8 million for a first floor flat, K19.3 million for a second floor flat, K17.8 million for a third floor flat and K16.3 million for a fourth floor flat, it has been learned.. The Mandalay Department of Urban and Housing Development constructed a total of 1,260 apartments for employees and 960 low-cost apartments in 2015.

 

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