Monday, August 21, 2017

Thanlyin low-cost housing planned

Yangon's Thanlyin township is set to get some new low-cost housing, with the Department of Urban and Housing Development planning to partner with private contractors.

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Affordable housing projects affected as funds dry up

In a serious blow to thousands of would-be home-owners, the construction of affordable homes in Yangon’s Ayeyarwon and Yadanar housing projects has been suspended because the money has run out, government officials say.

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Yangon chief minister hints at private contractor collaboration

Contractors have extended a cautious welcome to comments from Yangon Chief Minister U Phyo Min Thein that the region government has a plan to coordinate with private contractors to build low-cost and affordable housing, but want the government to make its policy transparent and clear.

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Sales rise in Yangon property market

Amid signs that the long freeze in the property market may be finally warming up, Yangon real estate agents are reporting a rise in transactions over the past few months. Since June, business has been up about 30 percent, they say.

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Low-cost flippers face blacklisting

People caught buying and re-selling low-cost government housing for profit will be blacklisted, according to an official from the state-supported Construction and Housing Development Bank (CHDB).

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Myanmar housing bank hoping for international loans to fund lending

The Construction and Housing Development Bank is hoping to secure low-interest loans from Japanese and Korean banks, which will allow it to offer its own low-interest financing schemes for Myanmar homebuyers.

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Green light for Southwest New City project?

A tentative green light has been given for the development of Yangon’s Southwest New City – but the regional government says it will exercise strict control to keep out land speculators.

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Public company to build government housing project

Public company Myanmar Construction and Development will finance and build a low-cost government housing project in Yangon.

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