The Mandalay City Development Committee is planning to begin selling affordable housing options this year, according to an article in the Myanmar Times. U Kyaw San Myint, a member of the MCDC, said the plan is to begin selling units in July. He also mentioned that the number of applications has exceeded the number of properties that are available. Those who miss out this year, will have the option of purchasing next year, when a further 1000 units are expected to become available. Under the first round of the project, 456 units are to be sold in 19 six-storey buildings. Apartments on the first floor will be the most expensive, costing MMK 26.4 million. The price drops to MMK 19.5 million for those on the fifth floor, the article said. Those who win a lucky draw to purchase a home will be required to put up a deposit of MMK 500,000.