Construction of almost 1.5 mln sq.m. of rent housing on new program to start since 2015 - Sagintayev

Date: 14:07, 20-11-2014.

Astana. November 20. KazTAG - Construction of almost 1.5 mln square meters of rent housing on the new program will start since January 1 2015, said Bakytzhan Sagintayev, First Vice Premier of Kazakhstan.
"The President announced that new approaches to rent housing construction will be introduced. The housing will be provided to the population without intermediaries for long term rent with a right of acquisition or without it under low interest rate. We are developing a new mechanism of the housing sale, appropriate amendments will be brought in December. Since January 1 2015 the housing construction will start on a new housing program throughout the country," he said.
He added 35 bln tenge will be invested into the construction project and acquisition of land areas.
"The rent housing construction will be provided through 145 bln tenge loan to "Baiterek" holding for 30 years under 0.1% interest rate. The construction operator will be "Kazakhstani mortgage company". Additionally more than 1 mln square meters of housing will be introduced," he said.

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