The Prime Minister of Kazakhstan

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Under ‘Nurly Zher’ program, construction of housing started at a price 20-30% below market rate

23 October 2017, 13:45

Today at the press center of the Government, a briefing was held with the participation of the Chairman of the Committee for Construction and Housing and Communal Services of the Republic of Kazakhstan, Markhabat Zhayymbetov.

As noted by Markhabat Zhayymbetov, the meeting of the Government of the Republic of Kazakhstan had considered the issue of the housing construction program "Nurly Zher" implementation. The results of nine months were summed up, and some mechanisms for implementing the program were updated.

M. Zhayymbetov said that construction of cottage townships with the cost of housing 120 thousand tenge per square meter was started in the regional centers in the pilot mode.

"There are no such prices on the market. It is below the market by 20-30%. This is a great support from the state," M. Zhayymbetov said.

New housing in such houses will be accessible to buy as through the HCSB, and through the STB. In addition, it was noted that more than 22 thousand units of credit housing will be built as part of the "Nurly Zher" program at the expense of the state budget. This property will be sold at a price of 140-180 thousand tenge per square meter.

Also, the representative of the MID RK expressed confidence that by the end of this year the plan for the construction of new housing will be fulfilled.

It should be reminded that today within the framework of the meeting of the Government, the Minister for Investments and Development Zhenis Kassymbek reported that more than 10 million m2 of housing will be commissioned this year as part of the housing construction program "Nurly Zher". For 9 months of 2017, 7.9 million m2 of housing have been built.