The National League for Democracy called yesterday for an immediate investigation into a recent wave of lucrative business deals that have seemingly been fast-tracked by officials in the outgoing government.
Apartments in a major low-cost housing development in Yangon’s Dagon Seikkan township will be sold to the public in the last week of March, with some units to be rented at subsidised prices, an official said yesterday.
An outspoken member of Yangon City Development Committee has taken to social media to question whether international developer Marga Landmark has obtained the necessary permissions to build its mixed-use development on a new site, while other government officials say all approvals are in place.
The Ministry of Construction is surveying land in Yangon’s Dagon Seikkan township near Yuzana Garden City housing complex, with a view to building the city’s largest rental housing project to date, an official told The Myanmar Times.
The budget for building affordable housing over the coming year will cover just a fraction of Yangon’s housing requirements, while low-cost housing units remain too expensive for those most in need of accommodation.
Foreign investors will be able to buy condominium units in build-operate-transfer (BOT) projects on ministry-owned land if the ministry is willing to register the project, officials said yesterday.