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Published on Thursday, 08 November 2012 19:21
A land reserved for housing project in Yangon (photo - EMG)
The ratio of Yangon’s annual housing construction to population growth is uneven, Yangon City Development Committee (YCDC) said.
According to YCDC, each year, there is only one house for three households in Myanmar’s largest city and the most important commercial hub.
There are currently 1.5 million households in Yangon.
The city sees an increase of 26,000 households annually. Around 7,200 houses were built every year between 2004 and 2009.
The committee needs to implement low-cost housing projects to be facilitated to low-income people to make the ratio even.
A city development project is currently being drafted.
A source said low-cost housing needs to be taken into consideration.
"There are a little of lands that can be managed by the YCDC. Only when the government allocates funds for the construction, the committee will be able to sell low-cost houses," Yangon Mayor Hla Myint said.