The Ministry of Construction in Myanmar has said that it is planning to invite foreign companies to invest in Myanmar’s housing sector as it struggles to fund its “low-cost” housing projects which aim to provide accommodation to those at the lower end of Yangon’s income bracket. According to the ministry, about 30 percent of Yangon’s residents are living in sub-standard houses, a problem that is being exacerbated by the city’s growing population as it attracts more people due to the increasing opportunities on offer. A total of 36,000 housing units were built between 2005 and 2010, but the ministry said that the demand is currently about three times the supply. Of the homes built, 30 percent were from government projects and the rest from the private sector. Seven low-cost housing projects are planned around Yangon, which will provide 11,868 units.