Low cost housings to be completed before 2015 election

The two large-scale low-cost housings in suburban Yangon are to be completed before the 2015 election, said the project director.

“A total of 49 eighteen-storey buildings will be constructed under Ayeyarwun and Yadanar housing projects. This will provide 19,000 units totally, and it will be completed by July 2015,” said Khin Maung Thein, Project Director of Ayeyarwun and Yadanar housings.

The two housings will be set up on the 220-acre land_ Ayeyarwun on 120 acres and Yadanar on 100 acres. Tenders have been invited to supply necessary cement and iron for the two projects, he said.

According to the Ministry of Construction, the electrical expenditures of the projects will be covered with loans from Chinese EXIM Bank.

Housing demands in Yangon are on the increase due to the rising urban population. Teachers with old service and low salaries will be prioritized in selling apartments at the low-cost housings projects currently under construction, the Ministry of Construction said.

source: Eleven Myanmar

http://www.elevenmyanmar.com/national/3402-low-cost-housings-to-be-completed-before-2015-election