By Nyein Nyein
To tackle the issue of squatting, about 20,000 to 50,000 houses are expected to be constructed in the current fiscal year, said U Than, joint secretary of the Yangon City Development Committee (YCDC).
At present, the Yangon Region Government is developing 264 homes in the extended ward in Shwe Pyi Thar Township for Yangon squatters.
After constructing those homes, the government will build houses in Hlinethayar and four Dagon (Myothit) townships.
“Currently, more than 200 apartments are being constructed for squatters. In the current fiscal year, 20,000 to 50,000 houses are planned to be built,” said U Than.
“The construction of 264 houses in Shwe Pyi Thar Township is nearly finished. Those authorized to settle in those houses can move there at the end of this month,” according to the Yangon Region government.
“The houses measure 15×35 feet and are priced at K3 million. The government will offer a long-term instalment payment plan to squatters to help them purchase the apartments,” said U Than.
About 150,000 houses or apartment units are required for Yangon squatters. Therefore, plots of land in four Dagon townships have been selected to implement the affordable housing plan for squatters.
To construct low-cost housing, the Ministry of Construction and the Yangon City Development Committee are coordinating to obtain land authorization.
“The regional government will contribute land for the housing project with the aim of reducing the price of the apartments.
Moreover, the government is planning to offer a long-term installment payment scheme to make the apartments affordable for prospective buyers,” said U Phyo Min Thein, the Chief Minister of Yangon Region.
“Those allowed to live in the apartments will be restricted from reselling them,” said the Chief Minister.
In addition, expressions of interest (EOIs) have been invited to develop low-cost housing for civil service personnel and company staff. (Translated by Ei Myat Mon)