THE Bo Ba Htoo Housing Complex Project, approved by the Yangon Government, is being implemented under the Yangon City Development Committee’s supervision and constructed by the Myanmar V-Pile Company. Construction has now entered phase 2 which is set to be completed in three years. Construction began earlier this month.
The Phase 2 section is located on 14.89 acre plot of land at the corner of Bomhu Ba Htoo and Bayinnaung roads in Dagon Myothit ( North) township of Yangon. The cost of the construction is estimated to be over K 20 billion. The nearby Phase 1 section of the complex is completed and the apartments are now occupied.
There will be 20 eight-story buildings with 900 sq ft apartments, and eight-story buildings with 600 sq ft apartments totaling 896 units. Each building will have elevators and four units( apartments) on each floor and like the Phase1 section, a children’s playground, a park and parking lots are to be included.
Eight engineers and 70 construction workers are assigned to the site.
“The prices of the 448 apartments of the Phase 1 section were determined by the Yangon region government. There were 13000 applications to buy the apartments in installments and the people had to draw lots. The second phase has to be implemented soon to fufill the demand for low-cost apartments, “ said Phase 2’s Project Manager Daw Soe Soe Tin .
She added that the electricity supply will be insufficient and they are in discussions with the city’s Electricity Supply Enterprise to ensure the supply of power.
At the Phase 1 section, 600 sq ft apartments were sold at K 25.5 million and 900 sq ft apartments were sold at K 34.7 million. The construction of the 14 eight-story buildings on a 5.26 -acre land cost K 12 billion. Those buildings were also constructed by Myanmar V-Pile.