






{"id":2259,"date":"2019-02-26T10:20:02","date_gmt":"2019-02-26T10:20:02","guid":{"rendered":"http:\/\/pgawards.wpengine.com\/?p=2259"},"modified":"2021-06-04T14:17:18","modified_gmt":"2021-06-04T07:17:18","slug":"myanmar-in-talks-with-japan-for-low-interest-housing-loan","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/myanmar-in-talks-with-japan-for-low-interest-housing-loan\/","title":{"rendered":"Myanmar in talks with Japan for low-interest housing loan"},"content":{"rendered":"<figure id=\"attachment_2260\" aria-describedby=\"caption-attachment-2260\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-2260\" src=\"http:\/\/pgawards.wpengine.com\/wp-content\/uploads\/2019\/03\/shutterstock_722362717-compressor.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/03\/shutterstock_722362717-compressor.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/03\/shutterstock_722362717-compressor-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/03\/shutterstock_722362717-compressor-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-2260\" class=\"wp-caption-text\">Golden Sule pagoda in Yangon, Myanmar. overkit\/Shutterstock<\/figcaption><\/figure>\n<p>Myanmar&#8217;s Union government has been in negotiations with the Japanese government to offer lower-interest housing loans to low-income property seekers,\u00a0<a href=\"https:\/\/elevenmyanmar.com\/news\/govt-in-talks-with-japan-for-low-interest-housing-loan-official\" target=\"_blank\" rel=\"noopener\">Eleven Myanmar<\/a>\u00a0reported.<\/p>\n<p>The loans will be made available within a month at the earliest, said Nilar Kyaw, regional minister for electricity, industry and transportation, during a regional parliament session on Monday.<\/p>\n<p>\u201cAlthough the government already sold the apartments to people who made full payment at the time of purchase, it is under negotiation with the Japanese government to reduce the interest rate from 13 percent to 8.5 percent for the people who want to buy the apartments under mortgaged loan,\u201d she said.<\/p>\n<p>Nilar Kyaw\u00a0let slip the plans in response to a question by MP Kyaw Tun of No.2 Lanmadaw Constituency as to when the first batch of buyers that had placed a downpayment for low-cost and affordable housing would be allowed to occupy the units.<\/p>\n<p>The MP also asked when the Union government can attend to reported damages in the low-cost and affordable housing projects.<\/p>\n<p>The Sales Management Committee for Public Housings in Yangon Region is supervising the sale of low-cost and affordable apartments, numbering around 703\u00a0and 161 apartments, respectively. Around 722 people\u00a0were\u00a0deemed qualified to buy the apartments as of July, Nilar Kyaw said.<\/p>\n<p>The committee had received\u00a0a total of 6,020 applications for the units in April.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japanese government to help reduce mortgage interest rates for people who want to buy public housing<\/p>\n","protected":false},"author":2,"featured_media":19951,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[],"class_list":["post-2259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","news_country-myanmar","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Myanmar in talks with Japan for low-interest housing loan | 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