- Expected growth of population from around 60 million to around 90 million by the year 2040 • The housing market is expected to grow continuously in the near future. • Increase in housing demand due to • increase in per capita income and saving capacity due to the national development projects and changing political and economic situation; • increase of foreign investment in industrial and service sectors as well as agricultural mechanization resulting in more urbanization. 14 HOUSING SECTOR IN MYANMAR
- Myanmar Urbanization • Size of Main Cities • Yangon= 5.9 million • Mandalay= 1.5 million • Naypyitaw= 0.9 million • 27 Cities= over 0.1 million (Urban Poverty rate = 22%) Myanmar Center of interest for the international investor National Population growth rate=1.3% Urban population growth rate= 2.9% Rural urban ratio= 68: 32 Source: UNHabitat, CSO. • With around 12 million households in Myanmar, calculated at household size of 4.7, an annual demand for housing is around 300,000 units. • Development of sustainable housing financing system; • Resource development in modern building materials, construction technologies, machineries, equipment and promotion of construction industry for mass production of housing. 16 HOUSING SECTOR IN MYANMAR Key Challenges in Housing Development
- Systematic production of affordable housing units by various sectors such as government organizations, co-operatives, public and private sectors within 2013-2014 to 2030-2031 budget years; 18
- Housing Policy GOALS AND STRATEGIES OF • To draft required laws and regulations ensuring provision of safe and adequate shelter. – Building Codes – Condominium Act – Spatial Planning Law – Housing Development Law 19 Housing Demand and Supply In Yangon, 36,000 Housing Units have been built from 2005 to 2010 for 5 years and , average 7,200 units of housing were produced annually. The demand for housing is 3.5 times of provision during last decade while average increased households per year is about 26,000 to 30,000 . > 70% of Residential units are produced by the private sector and much more profit orienting and targeting on high income group. Mandate on Housing Policy and Housing Provision (social as well as market demand) is essential for balanced and sustainable growth of socio-economic development
- Housing Provision by Public Sector 30% of City population is living in slum and squatter which is needed for improvement of living standard as well as proper housing solution Most important gap is very high cost for housing and people’s affordability of very low income level Government sets the priority focus on affordable and low cost housing provision Housing Mortgage and Financing Mechanism is now established and planning to be practice Promotion of Construction Industry and its development and establishment of Myanmar CIDB for quality building Enactment of Legal framework for Building and Property market development MAIN PROVIDER - DHSHD’S Housing Delivery . Excess housing demand induce housing price increase. 2013-2015 Targeted Production Affordable Housing 20,000 Low Cost Housing 3000 Urban Redevelopment 9000 Housing Total Unit -53,816 no. (1993-2012) Targeting on Low-Middle income group
- Affordable and Rental Housing Scheme 20 years Long-term Development Plan in Housing Sector (2011-2031) - one million housing scheme 2013-2016 – 100,000 Housing Scheme Location - Regions/State’s capital cities & secondary towns Target Group - Priority for government servants and low-income people Delivery - income level & status accordingly Financing - Housing Mortgage Loan for 20 years - Housing Financing System ( Bank, Finance Institution) Investment - Government Budget/ Revolving Fund/ PPP & Loans, grant Planning – Township Development with neighborhood concept Infrastructure - water, sanitation , electricity supply, waste management, road & drainage Operation & Management – DHSHD + ward council + community 23 Rental Housing Scheme in Regions and States Government Rental Housing for Government Servants Capital cities - 2000- 2500 units /years (average) Government Budget Housing Estate Redevelopment Scheme Old Housing Estates (DHSHD) 10 Housing Estates in Yangon (450 acres) 3 Housing Estates in Mandalay 29 Housing Estates in Other Cities Redevelopment Program through PPP Proposed redevelopment project at Botataung Housing in CBD Proposed redevelopment project at Shwegon Housing 24
- Proposed Yangon City Urban Development Plan . DHSHD. MOC Yangon City Concept Plan (2040) YANGON CITY ECONOMIC HUB & DEVELOPMENT POLE Area - 598.75 sq-km Population (2010)- 5.0 - 7.023 million Population (2040) - 10 – 12 million Growth Rate - 1.69 % (2010) Housing Development Plan (2040) Designate Development Promotion Area in Smaller Urban centers around Yangon Urban Densification Area through Upgrading Existing Estate Redevelopment Area Source: DHSHD.MOC Housing Estate Redevelopment Scheme U Wizara, Dagon 51th Street, Botataung Pyinmapin, Mingaladon Gyogone, Insein Pyitawthit, Pazuntaung Yankin Shwegondine, Bahan Kantawkalay, Mingalataungnyunt Wayluwun, Sanchaung Thuwuna • Public Rental Housing Estates • 10 Housing Estates in Yangon (450 acres) • 3 Housing Estates in Mandalay • 29 Housing Estates in Other Cities • Redevelopment with the participation of private sector. • Mixed development for residential and commercial to utilize scarce and valuable land effectively. • 2013-2015 , 10,000 housing units are planned to produce.
- HOUSING PROJECT IMPLEMENTING AND PLANNING by DHSHD & YCDC THROUGH PPP(2013-2015) PLANNED HOUSING PROVISION OF DHSHD Type of Housing Project (no) Unit(no) Location Low Cost Housing 7 11868 Shwe Lin Pan, Hlaing Tharyar Mingalardone, DagonSeikkan Dagon East Affordable Housing 7 26142 Pilot Project(19600)- Dagon Seikkan Hlaing tharyar, Dagon South Shwe Pyi Thar PPP Project (DHSHD) Type of Housing Project (no) Unit(no) Location Estate Redevelopment (PPP) 2 632 3529 Link Road Botahtaunghousing COMMERCIAL 350000 sq ft 181440 sq ft Other (PPP) 30 7 407 Mingalartaungnyunt BotahtaungTimesquare Hletan, Thanlyin,others, CBD Total 42578 HOUSING PROJECT DEVELOPED BY YCDC (2013-2015) 50,000 Housing Units Production Rental Housing Scheme in Estate Redevel Roepgimones anntd SStactheseme. DHSHD Resettlement for existing rental units Development of condominium and Commercial PPP project with Local Developer Botataung Housing Redevelopment Project in 51ST Street CBD High Restriction and Development Control Zone Near Shwe Dago Pagoda Existing Rental Housing Unit -40 no. New Development Unit -100 no. Estate Redevelopment Project at Link Road, Shwegon Housing EXISTING HOUSING ESTATE (1956)
- 1. Area – 220 Acres (89.03 Ha.) 2. Parcels – 11 Nos. 3. Buildings – 49 Nos. 4. Floors – 18 Storeys 5. Units/Bldg – 400 Nos. 6. Total Units – 19600 Nos. 7. Unit Area – 600 sft 8. HH size – 4.5 p /hh 9. Population – 88200 p. • School • Sports Ground and Recreation Places • Market and Commercial • Bus Terminal with Commercial Shops • Car Parking • Clinic, Police Station, Fire Station etc. • Physical Infra • Waste water Treatment Ayeyarwun and Yadanar Housing Project 29 SatetaraMahi Estate Redevelopment Project, Mandalay (1) 4U 8S Apartment Building - ( 5 ) nos (2) 4U 9S Condominium Buildin - ( 6 ) nos (3) 1U 4S Showroom& Office - ( 5 ) nos (4) 3 Storeyed Admin Building - ( 1 ) nos Total 417 housing and Shophouse units Total Floor Area - 528310 sq.ft
- CURRENT SITUATION – PRIVATE SECTOR Driving Demand for Quality Under Supply on appropriate Residential and Commercial property market Shortage in High Quality Development (quality offices, apartments, hotels, and retail spaces are all in short supply) Undergoing rapid transformation, including inflow of international investment Significant demand for Land and quality space in Yangon Developers are focus on high-end projects in Yangon Flight for changes of Quality in the Real Estate Market Need for enactment of Legal framework for property market development LIST OF HIGH –RISE BUILDING SUBMITTED TO CQHP(2013-2014) SOURCE:COMMITTEE FOR QUALITY CONTROL OF HIGH RISE BUILDING CONSTRUCTION PROJECTS No Project Storey company Location 1 Pyay Garden Office Tower 1+11 Ze Ga Bar Sanchaung 2 United Tower 10 12 United Construction Bo Ta Htaung 3 AMBO Tower (Bo Aung Kyaw) 12 Naing Group Kyauktada 4 U Myint Thein+1 10 Yadanar Myaing Latha 5 Diamond Tower 12 Yadanar Myaing Pabedan 6 Lucky Condominium 12 Naing Group Bogyoke Street 7 M.T.P Kamaryut Tower 11 MTP Constriction Kamayut 8 Aye Yeik Thar Condominium 1+10 Tet Lann Construction Bahan 9 City Shine Tower 12 City Shine Construstion Kyauktada 10 Classic Stand Condominium B+12 Naing Group Pabedan 11 United Tower 11 12 United Construction Bo Ta Htaung 12 Bo Soo Pat Building 12 Yadanar Myaing Pabedan 13 Pansodan Business Tower 12 1/2 Naing Group Kyauktada 14 Hnin Si Gone Condominium 12 1/2 Naing Group Alone 15 Shine Tower 12 Shine Min Ga Lar Taung Nyunt 16 Kyaw City Tower 12 1/2 Kyaw City Kyauktada 17 Kyaw Condominium 12 1/2 Motherland Kyauktada 18 Myanmar Shweoudaungmin 12 1/2 Myanmar Shweoudaungmin Pabedan 19 Hotel Shwe Gone Daing 2+12 1/2 December Shwe Gone Dine 20 Strand Condominium 12 1/2 Golden Flower Latha 21 United Vision Tower 12 Shwe Mee Thee Shwe Bone Thar 22 Green Lake Condominium 2+12+P Yadanar Myaing Min Ga Lar Taung Nyunt 23 3rd Street Condominium 12 1/2 Naing Group Lamadaw 24 Lanmadaw Tower 12 1/2 Myanmar Top Power Latha 25 United Tower 12 12 United Construction Bo Ta Htaung 26 MEI Business Tower 12 1/2 Fatherland Kyauktada 27 Uniteam Project 12 Lay Thi Sanchaung 28 Anna War Min Tower 2 12 Anna War Min Latha 29 Ngwe Gant Gaw(Lanmadaw Tower) 12 1/2 Shwe Naing Ngan Latha 30 19th street Project Tet Lann Construction Kan nar street 31 30th street Project 12 Naing Group Shwe Bone Thar 32 Hman Cho 12 1/2 Naing Group Pabedan 33 Mandalay Street & Bo Min Young St Project B+12 1/2 Naing Group Min Ga Lar Taung Nyunt 34 M & A Office Tower {B(2)+17}And {B(2)+7} Myint& Associate Company Kamayut 35 KBZ Residence 11 1/2 Majestics Kamayut 36 Corner of Shwe Bone Thar& Anawyahtar St 12 1/2 Naing Group Corner of Shwe Bone Thar& Anawyahtar St 37 Khon Zay Tan Tower 12 1/2 Arkar Kyaw Family Group Con Zay Dan St 38 Shine Business Tower B(2)+12 Shine Min Ga Lar Taung Nyunt 39 Pacific Hotel B+12 Yadanar Myaing Min Ga Lar Taung Nyunt 40 Soe San Tower 12 ½ Soe San Bo Ta hatung 41 Star City 12 Than Lyin Estate Development Near Thanlyin Bridge 42 No.227/229,Seik Kan Thar Street 12 1/2 MTM Kyauktada 43 Shwe Gone Daing Hotel(2). Bahan B(2)+21 December Bahan 44 Hill Top Condominium 16 Shwe Taung Alone 45 12 Stories Building 12 1/2 Motherland Kyauktada 46 Orchid Condominium B(2)+22 Taw Win Alone 47 DEC Tower (A) 27 MGW Bahan 48 PME Tower B+12+Open Shed Peace Myanmar Electric Alone 49 30th street B+12+P Naing Group Pabedan 50 Sedona Extension B+30 Straits Green Field Yankin 51 Twin Centro Condo 15+Mezzanine Floor Shwe Taung Development Sanchaung 51 DEC Tower (A) 27 MGW Bahan 52 B(2)+18 M & A Kamayut B(2)+18
- LIST OF HIGHRISE BUILDING SUBMITTED TO CQHP(2013-2014) SOURCE:COMITTEE FOR QUALITY CONTROL OF HIGH RISE BUILDING CONSTRUCTION PROJECTS 53 Kanbawza Tower(KBZ ) B(3)+16 1/2 Naing Group Sanchaung 54 Diamond Inya Palace R.C.C (35) Mandalay Golden Wing Ma Yan Gone 55 Traders Square B(2)+20 Mandalay Golden Wing Kyauktada 56 Malikha Condominium R.C.C (12 1/2) Shwe Taung Development Thingankyaun 57 DB Housing B+12 1/2 Shine Pabedan 58 Hotel Alinker(Jasmine) B+21 Shine Sanchaung 59 Yangon Garden Hotel B(2)+12 Family Business Group Tarmwe 60 Garden Park Hotel B(2)+27 - Mandalay 61 Ruby Hotel-1 Penthouse R.C.C+21 Capital Development Hlaing 62 Diamond Valley Rise 27 Aye'sFamily Bahan 63 AMC Tower B(3)+27,S.C Asia Metal Kamayut 64 Junction City - Shwe Taung Development Bogyoke Market & lay har pyin 65 Crown Condo B(2)+16,R.C.C Crown Advanced Alone 66 HAGL 27 Hoang Anh Gia Lai Myanmar Set Mhu 1 67 East Race Course(ERC) B(3)+20,R.C.C Naing Group Tarmwe 68 Atrium Hotel B(2)+(13 1/2 ) Yadanar Myaing Corner of Pansodan Upper &Bo Min Gaung road 69 Asia World Tower B(2)+32 Asia World Lamadaw 70 Junction Square 19+Basement, 22+Basement Shwe Taung Development Kamayut 71 Paragon Residence 27 Resources Group Alone 72 Yankin , Sayansan 22 Mandalay Golden Wing Yankin 73 Ruby -2 and Ruby -3 21 Capital Development Hlaing 74 Naing Office Tower(2) B(2)+12,R.C.C Naing Group Sule 75 9 Hotel B(2)+22 U Tin Win (Owner) Alone 76 Dragon Empire Const;(DEC-Tower B) 21 Mandalay Golden Wing Bahan 77 Kantharyar Consortium B(2)+27 Asia Myanmar Min Ga Lar Taung Nyunt 78 KER , Kabaraye Excecutive Residence B(3)+29 Ever Seiko Ma Yan Gone 79 Time City B(3)+23 Crown Advanced Kamayut 80 Five Star Hotel B(2)+24 Hoang Anh Gia Lai Myanmar Set Mhu 1 81 Daw Khin Khin (Owner) B+14 Aye Yeik Mon Alone 82 313,Pyay Road Project 16 Myanmar Seilone Sanchaung 83 KBZ Tower-Revised B(3)+16 1/2 Naing Group Sanchaung 84 Naing Office Tower(1) B(2)+12,R.C.C Naing Group Sule 85 Shangri La Hotel 4-Storey Podium +21 Shangri La Yangon Min Ga Lar Taung Nyunt 86 Merchant Suite B+19 Naing Group Capital Bo Ta Htaung 87 Hill Top Vista B+14 Shwe Taung Development Alone 88 Chatrium Hotel 13 Chatrium Hotel Royal Lake yangon Tarmwe 89 Condominium 18 Ta Kaung Bwar Hlaing 90 Golden City R{33x9}buildings O+S{30x1}buildings H{4x1}Buildings Golden Land Real Estate Development Yankin 91 U Kyi Soe B(3)+28 Pinya Manufacturing Myanmar & Myanmar Mayson Industries Bahan Residential - 15 no. Condominium - 32 no. Hotel - 14 no. R+Office Tower - 30 no. High rise Bldg. 20 storeyed and above (53) nos. 30 storeyed and above (15)nos. Location Map of Residential and Commercial Building Development, INNER URBAN AREA Sanchaung Ahlone, KyiMyinDine Kamayut Tamwe Yankin Mingala Taung Nunt Bahan Mayangone Yangon City Inner City Area High rise Bldg. 20 storeyed and above (53) no. 30 storeyed and above (15)no List of High Rise Building Submitted to the High-Rise Control and Monitoring Committee of YCDC Residential Commercial Hotel Building List Approveded by Committee 9 - 12 1/2 storeyed 16 - 3 13 - 32 storeyed 31 2 4 Building List on Going for Submitting to Committee 9 - 12 1/2 storeyed 1 - - 13 - 32 storeyed 3 - - Building List , Change design for Resubmitting to Committee 9 - 12 1/2 storeyed 17 - 1 13 - 32 storeyed 24 - - Building List, To Reduce Levels Directed By Committee 9 - 12 1/2 storeyed - - - 13 - 32 storeyed 6 - - Building List, To Inspect From Committee 9 - 12 1/2 storeyed - - - 13 - 32 storeyed 8 - 2 Total 106 2 10
- Number of buildings permitted by Building Department from 2011 to 2013 (YCDC) No. of Building (up to 8 storeyed) Issued for Permission (YCDC) (2014-3months) Housing Unit for 1st 3 months in Yangon - 4055+1500---- 5000 units Estimated Yearly Production - 20000 units (apprx) (2014) (Private Sector) Old Satellite Town and old suburban area are the most significant in housing Activities.
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Building construction housing sector in Myanmar 2014!
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