Low-cost and fair-priced housing will be built on about 130 acres of land near Thilawa Special Economic Zone, the Ministry of Construction has said.
The work will start with construction of over 1,700 apartments on 31 acres for the first phase, the ministry said.
This initial housing project will include 12 five-level buildings with four room types, 19 five-level buildings with eight types of rooms, 24 five-level buildings with six types of room.
“The total number of rooms [in the first phase] will be 1,720,” Win Naing, assistant director of the Department of Urban and Housing Development said.
“All the housing will be built on 31 acres of land. The housing will be built now for Phase 1. Phase 2 will be fair-priced [also],” he said.
The ministry invited tenders from companies to build the homes. Fourteen companies had been chosen and their tasks would begin next month.
The project will see 40 per cent of the land used for streets, drains and power, with 42 per cent used for housing and 18 per cent devoted to public areas.
Four or five people were expected to live in each apartment. That meant a total of at least 7,000 people in Phase 1 with a population density of up to 280 people per acre.
One apartment would measure 400 square feet and cost Ks 10 million, department director-general Min Htein said.
Homes with a traditional living style were more than 600 square feet. But the size had to be reduced for working class people, so they could buy a room for Ks 10 million, he said.
Translated by Win Htut