Surbana International Consultants (Myanmar) has signed a Memorandum of Understanding (MOU) with the Myanmar Construction Entrepreneurs Association (MCEA) to become the association’s lead technical consultant for low cost and affordable housing projects in Myanmar.
According to Surbana Jurong, the agreement 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.
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 masterplanning, 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,” said Teo Eng Cheong, CEO International (Singapore, Southeast Asia and North Asia) of Surbana Jurong Private Limited.
“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,” said U Tha Htay, president of MCEA.