Around 542 units from Mya Yee Nandar affordable housing complex, built under the Mandalay City Development Committee’s housing project, were sold through draw of lots on 30 July at the Mandalay City Hall.
“The apartments were sold to civil service personnel and pensioners from Mandalay Region through draw of lots. A total of 542 units, including 162 flats for pensioners, 205 units for staff with 25 years’ experience, 155 for staff with less than 25 years’ of experience, and 20 flats for staff with less than 10 years’ experience, were sold through draw of lots, an open system,” said U Zaw Win, the head of the MCDC’s Engineering Department (Building and Warehouse).
“We are willing to sell the units to only those people who plan to live in the apartments. Therefore, we will allow applicants to join a second draw of lots for apartment units only after they deposit K500,000,” he added.
Eligible applicants can deposit K500,000 between 31 July and 2 August, and the second draw of lots for apartment units will take place on 6 August.
The apartments measure 661 square feet and have been priced according to the floor. Ground floor units cost K26.7 million, first-floor units K24.7 million, second-floor units K22.6 million, third-floor units K21.6 million, fourth-floor units K20.6 million, and fifth-floor units K19.5 million, inclusive of three-per-cent commercial tax.—Min Htet Aung(Mandalay sub-printing house)
(Translated by La Wonn)