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More affordable housing in Myanmar

Mr Teo Eng Cheong (left), Surbana Jurong’s CEO International (Singapore, Southeast Asia, North Asia) and U Tha Htay, MCEA’s President, at the MoU signing ceremony.

Myanmar, 3 March 2017 – Surbana International Consultants (Myanmar) has signed a Memorandum of Understanding (MOU) with the Myanmar Construction Entrepreneurs Association (MCEA) to be the Association’s lead technical consultant for low cost and affordable housing projects in Myanmar. The MOU was signed by Mr Teo Eng Cheong, Chief Executive Officer International (Singapore, Southeast Asia, North Asia) of Surbana Jurong Private Limited and Mr Tha Htay, President of the MCEA.

The signing of the MOU between Surbana Jurong and MCEA comes at an important time as the association works with the Union Government to meet the demand for low cost and affordable housing and increasing home ownership in the country. The Government’s Five-Year Plan aims to deliver one million residential units by 2030. Surbana Jurong will assist MCEA in the development of a low cost and affordable housing prototype design that focuses on the 3Cs: Community, Connectivity and Constructability.

Future homeowners can look forward to a living space designed to cultivate strong community bonds and preserve the natural environment. A range of community-focused spaces such as courtyards and lobbies will be integrated into the estates to encourage interaction. Landscaped pathways that link residents to amenities will also be key features of the estates. Surbana Jurong will assist MCEA by employing technology that minimises construction time and cost without compromising on design, safety and functionality.

The MOU with MCEA enhances Surbana Jurong’s extensive presence and success in Myanmar since its entry into the market four years ago. Surbana Jurong has provided its expertise in master-planning, architecture and engineering to various residential and industrial projects including the 220 acre Ayeyarwun – Yadanar affordable housing project in Dagon Seikkan Township. The company, with a track record of building more than one million affordable homes in Singapore, has grown from strength to strength with its acquisition of AETOS Holdings and SMEC Holdings in 2016.

“Surbana Jurong has built cities and shaped lives for more than 50 years. We have participated in the evolution of affordable housing in different countries. Our experience allows us to offer engineering and design solutions specific to Myanmar’s changing needs. We are delighted that the partnership with MCEA allows us to continue to be part of the Myanmar growth story,” Mr Teo said at the signing ceremony.

“The signing of the MOU between MCEA and Surbana Jurong represents an exciting chapter in the development of low cost and affordable housing in Myanmar. With our local knowledge and Surbana Jurong’s international experience, we hope to realise our vision of helping more people own their homes in Myanmar,” Mr Tha Htay said.

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