Low-cost hous­ing units for sale in Yan­gon, Nay Pyi Taw

The Myanmar Times - - News - PYAE THET PHYO pyae­thet­phyo@mm­times.com

THOU­SANDS of slots in low-cost hous­ing for civil ser­vants will be made avail­able over the next year in the coun­try’s ad­min­is­tra­tive cap­i­tal Nay Pyi Taw and its com­mer­cial cap­i­tal Yan­gon, the per­ma­nent sec­re­tary for the Min­istry of Con­struc­tion has an­nounced.

In Yan­gon, more than 10,000 rooms in low-cost hous­ing projects in South Dagon, Dagon Seikkan and Hlaing Thar­yar town­ships will be sold start­ing in 2017, min­istry per­ma­nent sec­re­tary U Kyaw Lin said.

So far, 2100 rooms have al­ready been built with an­other 8000 un­der con­struc­tion.

“An ini­tial pay­ment [of 30 per­cent of the pur­chase price] will be re­quired. Af­ter that, if they are gov­ern­ment em­ploy­ees, reg­u­lar de­duc­tions will be made from their salaries,” the per­ma­nent sec­re­tary said. The gov­ern­ment will of­fer the apart­ments on an eight-year in­stal­ment fee plan.

Ne­go­ti­a­tions are cur­rently un­der way to al­low gov­ern­ment em­ploy­ees to ac­cess bank loans from the Con­struc­tion and Hous­ing De­vel­op­ment Bank to also pro­vide for 15-year leases on the prop­er­ties.

Pri­or­ity ac­cess to the low-cost hous­ing will be given to pub­lic sec­tor em­ploy­ees and those with ac­counts with the Con­struc­tion and Hous­ing De­vel­op­ment Bank.

The Yan­gon Re­gion gov­ern­ment is pre­par­ing to sell 1500 places in the new hous­ing de­vel­op­ments, in­clud­ing to pri­vate cit­i­zens.

“More than 1500 rooms will be sold by the ar­range­ment of the Yan­gon Re­gion gov­ern­ment. Our min­istry’s plan is to sell to gov­ern­ment staff as the pri­or­ity,” said U Kyaw Lin.

Pub­lic sec­tor em­ploy­ees work­ing in the na­tion’s cap­i­tal will not be left out in the cold ei­ther, with the an­nounce­ment of low-cost de­vel­op­ments near the es­tab­lished civil ser­vant hous­ing site at Buk­wal.

“We plan to build low-cost hous­ing in Nay Pyi Taw. Two sam­ple build­ings have al­ready been com­pleted near the 1000-acre Buk­wal es­tate,” U Kyaw Lin said. At the cur­rent time, it is not known when the Nay Pyi Taw hous­ing will be avail­able for sale, or how many rooms will be in­cluded in the slated de­vel­op­ment. – Trans­la­tion by San Layy

and Zar Zar Soe

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