Affordable Housing Units for Low-Income Buyers to be sold by Instalment
Affordable Housing Units for Low-Income Buyers to be sold by Instalment
The Global New Light of Myanmar, 18 May 2019
URL: http://www.globalnewlightofmyanmar.com/affordable-housing-units-for-low-income-buyers-to-be-sold-by-instalment/
The low-cost and affordable housing estates in Dagon Seikkan and Hlinethaya townships will be sold to people in the low-income group under a long-term instalment plan, said an official from the Urban and Housing Development Department under the Ministry of Construction.
The real estate projects are being implemented with the help of Japan’s Official Development Assistance (ODA) program. Long-term home loans will be offered under the program, he added.
People wanting to purchase flats in the housing projects are required to open a savings account with the Construction, Housing, and Infrastructure Development Bank (CHID).
Some of the clients of the bank have deposited enough money to purchase the apartments, and they can apply for purchasing flats in Phases 1 and 2 of the Yuzana housing estate project and the Kanaung housing estate project in Dagon Seikkan Township, and Phases 2 and 3 of the Shwe Lin Ban housing estate project, and the Htihlaingshin housing estate project in Hlinethaya Township.
The CHID Bank announced the list of applicants who can purchase the apartments on 10 May at its head office, located on Bogyoke Aung San Road, Botahtaung Township, and Yangon. A total of 3,042 people have been approved for purchasing low-cost and affordable flats in Dagon Seikkan and Hlinethaya townships.
Those who have been approved to purchase flats are required to register themselves between 13 and 17 May. The Urban and Housing Development Department will announce the names of those who will draw lots on 20 May.
The real estate projects are being implemented with the help of Japan’s Official Development Assistance (ODA) program. Long-term home loans will be offered under the program, he added.
People wanting to purchase flats in the housing projects are required to open a savings account with the Construction, Housing, and Infrastructure Development Bank (CHID).
Some of the clients of the bank have deposited enough money to purchase the apartments, and they can apply for purchasing flats in Phases 1 and 2 of the Yuzana housing estate project and the Kanaung housing estate project in Dagon Seikkan Township, and Phases 2 and 3 of the Shwe Lin Ban housing estate project, and the Htihlaingshin housing estate project in Hlinethaya Township.
The CHID Bank announced the list of applicants who can purchase the apartments on 10 May at its head office, located on Bogyoke Aung San Road, Botahtaung Township, and Yangon. A total of 3,042 people have been approved for purchasing low-cost and affordable flats in Dagon Seikkan and Hlinethaya townships.
Those who have been approved to purchase flats are required to register themselves between 13 and 17 May. The Urban and Housing Development Department will announce the names of those who will draw lots on 20 May.