Jump to content

Welcome to Mingalapar Forum
Register now to gain access to all of our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, post status updates, manage your profile and so much more. If you already have an account, login here - otherwise create an account for free today!
Photo

Myanmar people can’t afford affordable housing

- - - - - afford housing

  • Please log in to reply
No replies to this topic

#1
BurmeseNews

BurmeseNews

    VIP Member

  • Members
  • PipPipPipPipPip
  • 2,947 posts
The Myanmar government’s attempts to provide affordable apartments are failing because they are not affordable enough, according to a report released by the real estate site house.com.mm.
 
The report quoted Dr Toe Aung from the Yangon City Development Committee as saying the prices of affordable flats are around 30 million kyats (US$25,000) per unit because land prices are high.
 
Myanmar's commercial city is experiencing rapid urbanisation thanks to the growth of business opportunities.
 
Khin Maung Than, the managing director of the Myanmar Real Estate Services Association, said: "We need more affordable flats for rent. The government should have a plan for this."
 
The need for accommodation is surging with more than 300,000 people moving to Yangon from the countryside every year. Yangon is now the most-populated city in Myanmar, with some 7 million population.
 






Also tagged with one or more of these keywords: afford, housing

0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users