Myanmar's Ministry of Construction plans to establish a housing bank loan to support low income earners and government workers who need money to buy houses. Ten percent of the population currently live in the former capital Yangon where the government is planning a series of low-cost housing projects to deal with increasing urban populations.
“As we are constructing low price housings for the people and we will
open a housing bank to loan for people who need money to buy homes. If
pensioners, government staff and people who have regular income have an
account at the housing bank, they can borrow the money to buy homes,”
said Yu Khine, Director of the Department of Human Settlement and
Housing Development.
The department is making a plans to use the saving fund system to buy
a home with government funds in addition to instalment plan.
“If we establish appropriate housing finance mechanism, we can
construct and sell housing with affordable prices which most people can
afford to buy. The low income people can then buy the housing which is
completed,” an official said.
source: Eleven Myanmar
No comments:
Post a Comment