Yangon govt opens property centre

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The Yangon Region government has opened the Yangon City Gallery to help the public easily enquire about the prices and locations of housing built by the government, said Yangon Region Chief Minister U Phyo Min Thein.

“This helps people fulfil their dreams of people acquiring a home for themselves and their families. With this building, the government aims to help those searching for homes,” said U Phyo Min Thein, during the opening ceremony of the gallery on Sunday.

The gallery is located at the ground floor of the Yangon Region Urban and Housing Development Department’s officeIt took about six months to renovate the building as the government wants everyone who visits the gallery to feel comfortable, said U Phyo Min Thein.

“In Yangon Region, housing is built by the government and through public-private partnerships. The gallery will coordinate offerings from both types of housing projects to resolve the issue of housing in the region,” he said.

If the government implement affordable housing projects on its own land and sell homes without factoring in the cost of the land, then only will the public be able to afford homes at a reasonable price, said the chief minister.Another issue in home ownership is financing. Efforts are being made to consider alternative financing methods for workers buying homes with their employers standing as guarantors, or purchasing homes backed with life insurance policies, he said.

The Yangon City Gallery, Yangon Region Government, Yangon Metropolitan Development Committee and the Ministry of Construction will be working together to solve the housing issues of the people. Activities related to urban and housing development, sales exhibitions, property fairs, seminars, talks, and records will be centralised at the Yangon City Gallery, said U Min Thein, director general of Department of Urban Housing Development.

“Under the leadership of the Yangon Region Government, many developments are happening in Yangon city and housing sector is gaining momentum,” he said.

Source : Myanmar Time
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