Monywa apartment complex set for completion in fiscal year


A residential and commercial complex is under construction in Nandawun Ward, Monywa, through a public-private partnership, the Sagaing Region Urban and Housing Development Department said.
The Nandawun housing complex, funded by region and union governments, is around 15-percent complete, the department said.
Prospective buyers can apply for apartments when the project reaches the halfway stage, it said.
Department Director U Shwe Win said construction companies and the region government would share the profits 30:70.
“In selling the apartments, priority will be given to retired service personnel, war veterans, workers with disabilities and families of fallen soldiers.”
The complex is scheduled for completion within the fiscal year. The development will include at least 22 apartment buildings including retail spaces.
According to the department, prices for the apartments will range from K12.5 million to K20.5 million.—Myat Mon Htwe (Myanma Alinn)

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