Real Estate

Mandalay revokes Permits for 57 Apartments over Nonpayment

Date: 13 August 2018; Type: Legal News; Source: Myanmar Times

The Mandalay government has revoked the permits for the sale of 57 apartments under the government affordable housing programme after those who were given the rights to buy these units failed to make payment after one year.

The 50 affordable housing units in Mya Yi Nandar ward in Chan Mya Tharzi township were sold through a lottery system by the government.

U Zarni Aung, regional minister of Electricity, Energy and Construction, said the 57 apartments whose permits have been revoked, were resold to retired government employees.

“We resold the apartments to the retired government servants through an installment system. The people who won the lots didn’t contact for us over one year. We had invested large amount of money for construction and it is not making any money. People should know their duty and take responsibility,” said U Zarni Aung.

They advertised through state run newspaper last January that 122 people who won lot for apartment to contact Urban and Housing Development Department not later than February and if they fail to do so, they will be removed from the lists.

After the announcement, payments were made for 65 units among the remaining 122 apartments and the purchasing right for remaining 57 units were revoked.

The prices of the units ranged from K16.3 million (US$11,000) to K22.3 million.

The Urban and Housing Development Department under Ministry of Construction started the project in a 7.67 acres of land in 2015. It has 14 five-storey buildings with 8 rooms on each floor, totalling of 560 units. Each unit has an area of 567 square feet and has two bedrooms, a living room, a bathroom and a kitchen.

The units were sold to civil servants with at least five years of service in Mandalay Region, retirees, people with low income and company staff through a lottery system in 2017.

But those who won the lottery complained that they still could not live in the apartments because it lacks basic amenities, such as light and water.

“Even after we have paid 30 percent down payment, we could not live there as there is no electricity yet and so, some just don’t pay the balance anymore. We have paid the money for a long time but could not live there yet,” said one of those who won the lottery to buy a unit.

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