Entitlement slips for units in an affordable housing project to be built in the vicinity of Hpa-an’s
Industrial Zone, Kayin State, are already being bought and sold, local real-estate agents have
told Myitmakha News Agency.

The ‘slips’, which require the holder to pay off the value of the affordable housing unit with a
sum of K30,000 a month over a period of 30 years, reportedly went on sale to those entitled
to buy them back on January 26 earlier this year, with payments starting to be made this July.

The affordable housing project is comprised of 2,560 studio apartments measuring 20 by 30
feet across a three-story building, and is earmarked for construction nearby the Hpa-an –
Hlaingbwe highroad in Nyein Chan Thar Yar San Pya village through the concerted efforts of
the Mya Htay Kywe Lin and Infrastructure of Myanmar companies.

The majority of individuals who have purchase housing slips are from Yangon, Hpa-an and
the Myanmar – Thai border town of Myawady. Buyers reportedly include those who desire to
live in the housing-estate as well as business opportunists who anticipate an increase in
value of the housing slips once the project has been fully implemented.

It has been estimated that construction of the Hpa-an’s affordable housing project will take
two years, with a tentative completion date of July 2018. The housing project has been
divided up with 30 per cent allocated to Myanmar citizens, 40 per cent set aside for regional
government staff and civil servants, with the remaining 30 per cent given to the companies
responsible for the building of the housing estate. The project is reportedly being implemented
on 20 acres of land bought from regional government.—Myitmakha News Agency