MCDC to sell over 500 affordable apartments through drawing-lots system

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A drawing of lots ceremony to sell the government personnels affordable apartments is in progress at City Hall in Mandalay on 1 June 2020.  Photo: Than Zaw Min (IPRD)

More than 500 apartment units of Mya Yee Nanda affordable housing complex, developed by Mandalay City Development Committee (MCDC), will be sold through drawing-lots system.

Initially, apartments for 293 government personnel have been selected by Mandalay Mayor Dr Ye Lwin and members of the MCDC by drawing lots on 1 June at City Hall in Mandalay. Those who won the draw again participated themselves in drawing lots to choose the apartments yesterday.
A total of 586 units of six-storey buildings will be sold to the government staff and retired staff, private company employees and the people in instalment or prompt payment.

“The drawing of lots is scheduled for 293 government staff on 1 June, 117 retired staff on 2 June, 119 people on 3 June and 57 private company staff on 4 June, totalling 586 units by drawing of lots in the open system.

Those selected can buy the units starting on 5 June as their preferred payment system; instalment or prompt payment,” said U Soe Min Thein with the MCDC’s Engineering Department (Building and Warehouse).

The apartments measure 661 square feet and have been priced according to the floor. Ground floor units cost K28.84 million, first-floor units K25.75 million, second-floor units K23.175 million, third-floor units K21.115 million, fourth-floor units K19.57 million, and fifth-floor units K18.025 million.—Than Zaw Min (IPRD) (Translated by Ei Myat Mon)

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