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More than 600 apartments will be commissioned in 2016 in Aktobe under the “Nurly Zhol” Program

July 27, 2016
On June 30, 2016 the press-tour to the construction site purchased by MO Kazakhstan Mortgage Company JSC, a branch organization of “Baiterek” Development, under the “Nurly Zhol” Program passed in Aktobe.
“318 apartments with the total area of 20.5 thousand sq.m will be delivered for distribution. They include 104 one-room apartments (over 45 m2), 104 two-room apartments (over 58 m2) and 110 three-room apartments (from 69 m2). Currently, construction works are carried out on the acquirable facility located in the Batys-2 micro-district; the developed is Sollers LLP. It is planned to put apartments into operation in November of the current year, all of them are finally finished. The rental cost will not exceed 950 KZT per square meter,” – Aisultan Akchurin, Vice-Chairman of the Board of MO Kazakhstan Mortgage Company JSC, told.
Another object with recently-completed construction works, located in the same are, has 108 apartments with the total area of 6.8 thousand sq.m. The developer is VIP Nastil LLP. The commissioned living spaces also have final finishing.
Another 249 apartments with the total area of 17 thousand sq.m will be commissioned in Aktobe by the end of the year. Thus, in total 675 apartments with the total area of 44.3 thousand sq.m will be commissioned in Aktobe in 2016. Also, the company provides for the construction under the program of two objects in the “Nur-Aktobe” micro-district for 566 apartments with the total area of 28.1 thousand sq.m in 2016-2017. According to result of 2015, the Kazakhstan Mortgage Company has commissioned 478 apartments with the total area exceeding 31 thousand sq.m in Aktobe.
In the context of the cities of Kazakhstan, the total figure has amounted to 7,234 apartments with the total area of 425.4 thousand sq.m. The actual amount of the rental housing delivery in 2015 exceeded the program planned target by 24.4 thousand sq.m.  Living spaces are placed in operation in Astana, Almaty, Shymkent, Aktobe, Aktau, Karaganda, Kokshetau, Kostanay, Kyzylorda, Pavlodar, Semey, Taldykorgan, Taraz, as well as in Almaty, Akmola and West Kazakhstan regions. In 2016, MO Kazakhstan Mortgage Company JSC, supported by “Baiterek” Holding, will put into operation more than 326 thousand square meters of rental housing over the country in the framework of implementation of the Regions Development Program until 2020.
MO Kazakhstan Mortgage Company, a branch organization of “Baiterek” Holding, is one of the operators, implementing the rental housing program as part of the
“Nurly Zhol”. In 2015, the company, supported by the Holding, commissioned apartments with the total area of 425.4 thousand sq.m that exceeded the planned targets. Taking into account the significance, relevance and social character of the program, the government is taking all the essential measures to ensure its transparency. For this purpose, this year the company provides tours to the objects intended for distribution under the program. Kazakhstanis, thanks to this option, can directly monitor the program implementation, the course of construction works, quality conformity of the housing where the program participants will reside. 
MO Kazakhstan Mortgage Company JSC is a branch organization of “Baiterek” Holding, the operator of the program of rental housing for vulnerable citizens of the Republic of Kazakhstan. This category covers vulnerable segments of the population, including multiple-child and single-parent families, families having or bringing up disabled children, orphaned children, children without parental support, repatriates, public officers, military servants, employees of special state institutions and employees of budget organizations. The cost of rental housing for the program participants does not exceed 1,150 KZT in Astana and Almaty and 950 KZT in the regions.
“Baiterek” National Management Holding JSC was established in accordance with the Decree of the President of the Republic of Kazakhstan dated May 22, 2013. The purpose of the Holding establishment is the promotion of the development and diversification of the economy, investment attraction, clusters development and improvement of the corporate management system in its branch organizations. The Holding includes Kazakhstan Development Bank JSC, Investment Fund of Kazakhstan JSC, House Construction Savings Bank JSC, Kazakhstan Mortgage Company JSC, KazExportGarant JSC, Damu Entrepreneurship Development Fund JSC, National Agency for Technological Development JSC, Kazakhstan Fund of Mortgage Loans Guaranteeing JSC, KazynaCapitalManagement JSC, “Baiterek” Development JSC and “Center for Support of Public-Private Partnership LLP. The Holding has the rights of ownership and use of the state-owned stake of these companies.

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