The Karen National Union (KNU) Brigade 7’s Stepping Stone Company Limited is planning to build a low-cost housing project in Myawaddy for Karen (Kayin) people living in refugee camps at the border area, migrant workers, and local residents.
Starting from the end of this year, Sein Lei Myaing project will be implemented on 48 acres of land besides the Asia Highway, which is located four miles from the Myawaddy-Mae Sot Friendship Bridge in Myawaddy, Karen State, according to the project coordinator Lt. Mo Shay.
“Our aim is to provide affordable apartments to the Karen people from the refugee camps and workers who are making a bare living so that they can buy them instead of renting in other places,” he told KIC News.
Sein Lei Myaing project will include over 10,000 housing units, a market, a hall, a school, a hospital/health center, a playground, and a garden and a highway bus terminal will also be built for parking.
Buyers can purchase the apartments under a 20-year installment plan starting from a monthly payment of Ks 100,000 and early buyers can start living in completed apartments within the first three or five years of the project.
Among the companies under the KNU Brigade 7, this is the first time one of the companies is implementing the project with permission from the Karen State’s government.
