{"id":3944,"date":"2019-09-02T11:44:07","date_gmt":"2019-09-02T11:44:07","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=3944"},"modified":"2024-09-18T13:11:55","modified_gmt":"2024-09-18T06:11:55","slug":"10000-low-cost-homes-up-for-grabs-in-myanmar-thanks-to-malaysian-developer","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/10000-low-cost-homes-up-for-grabs-in-myanmar-thanks-to-malaysian-developer\/","title":{"rendered":"10,000 low-cost homes up for grabs in Myanmar, thanks to Malaysian developer"},"content":{"rendered":"<p>Massive affordable Yangon housing project to span 74 hectares<\/p>\n<figure id=\"attachment_3945\" aria-describedby=\"caption-attachment-3945\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-3945\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/09\/shutterstock_722362717-1.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/09\/shutterstock_722362717-1.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/09\/shutterstock_722362717-1-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/09\/shutterstock_722362717-1-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-3945\" class=\"wp-caption-text\">Golden Sule Pagoda in the central business district of Yangon. overkit\/Shutterstock<\/figcaption><\/figure>\n<p>A renowned Malaysian development firm is setting its sights on Myanmar.<\/p>\n<p>Kuala Lumpur-based developer Berjaya Land will begin constructing &#8220;smart&#8221;, affordable residential properties in 2020 as part of a massive, three-phase development in Yangon, the Myanmar Times reported, citing the company&#8217;s chief executive Datuk Pee Kang Seng.<\/p>\n<p>Covering 74 hectares of land, the USD624-million project will commence in January and complete over a six-year period, Pee briefed various Malaysian media on the sidelines of the Malaysia-Myanmar Connect seminar in Yangon.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/the-birthplace-of-the-pegu-club-cocktail-opens-its-doors-once-more\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More:\u00a0The birthplace of the Pegu Club cocktail opens its doors once more<\/strong><\/a><\/p>\n<p>\u201cIt will take maybe about six years to complete. But, we will start off with affordable housing, as it is primarily important, before we start looking at profit. I think if you come to a country like Myanmar, it is a recognised fact that housing is inadequate here,\u201d Pee was quoted as saying by Bernama.<\/p>\n<p>\u201cSo, this being the case, we can really look at affordability&#8230; whether people can afford expensive houses. To move forward, I think we need to address the affordable housing segment.\u201d<\/p>\n<p>The development will yield some 10,000 residential units in the low-cost pricing range. The developer has also reportedly allotted space for commercial structures, including some 1.2 million square feet in retail space, with plans for hospitals and international schools.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Massive affordable Yangon housing project to span 74 hectares\u00a0<\/p>\n","protected":false},"author":8,"featured_media":20248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[125,193],"class_list":["post-3944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-malaysia","tag-myanmar","news_country-myanmar","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>10,000 low-cost homes up for grabs in Myanmar, thanks to Malaysian 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