Low-cost homes in Mandalay to be distributed only among first-time buyers
Civil servants and retirees will receive top priority as buyers of a public housing development in Mandalay that opens to applications next month, the Myanmar Times is reporting.
The 456-unit project in Chan Mya Tharzi township is accepting applications in the first two weeks of July, according to the Mandalay City Development Committee (MCDC).
“The homes will be sold to civil servants and retirees in six townships located within the Mandalay municipal area. People who are serving in other areas although they live in the Mandalay municipal area are allowed to apply, and people who are serving in the municipal area though they don’t live there are also allowed to apply,” MCDC member U Kyaw San Myint told the Times.
The development located in Mya Yi Nandar ward consists of 19 six-storey buildings with units in floor areas of 661 square feet and prices ranging from MMK19.5 million to MMK26.4 million (USD12,900-17,400).
“In addition to the units for this batch, the units returned by those who got the right to purchase in the first batch will be re-offered, so there will be 542 units,” said U Kyaw San Myint.
Around 1,000 units will be offered for the next phase of the project.
Implemented in March 2015, the housing project is exclusive to first-time home buyers who intend to live in the units. Resale of the units will result in seizure of the property and blacklisting of the buyer.
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