Monday, August 21, 2017

MCEA to start affordable housing construction

The Myanmar Construction Entrepreneur Association (MCEA), in cooperation with the government, will start building affordable housing units for low-income earners within this year, a senior association official from the organisation said.

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Reducing low-cost housing instalment in the works

Discussions are ongoing to reduce the initial 30-percent requirement to 20pc for low-cost housing instalments, said U Win Zaw, managing director of the Construction and Housing Development Bank.

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Land to be set aside for squatter resettlement

Yangon Region is seeking land to resettle squatters, said Chief Minister U Phyo Min Thein.

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Marga Landmark and Royal Sky leading contenders in upcoming Myanmar Property Awards

Myanmar Property Awards – which is part of the regional Asia Property Awards – will be held for the third time on June 30 in Yangon at the Sedona Hotel. 

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IRD lowers stamp duty on property

The Internal Revenue Department (IRD) has announced that stamp duty for buying, transferring and mortgaging property will be reduced to 4 percent.

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Over 1900 unresolved land cases in Yangon

There are more than a thousand unresolved cases of land seizure in Yangon so far under the NLD government, according to the committee appointed to oversee disputes involving such seizures.

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Sales of apartments booming thanks to instalment payments

Instalment housing under K30 million are experiencing strong sales within the real estate market, according to U Yan Aung, general manager of Asia Construction.

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Yangon Regional government losing in park lands rental

The Yangon Regional Government is losing in the current rental fees of its park lands, said a former committee member of Yangon City Development Committee (YCDC).

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