Kazakhstan Housing Company JSC announces the launch of a mechanism for financing complex development projects from May 30, 2023.
The complex development project provides for the construction of multifunctional residential areas with developed infrastructure and must necessarily comply with the standards of complex development (construction of at least 50 thousand sq.m. of housing, construction of social infrastructure facilities and park areas).

Financing is carried out on the terms of payment, maturity, repayment and security of the credit, as well as subject to the following conditions:
1) the presence of a land plot (on the right of ownership or lease);
2) experience of completed construction projects:
– not less than 3 years;
– not less than 18 thousand sq.m. of construction in the Astana, Almaty, Shymkent;
– not less than 9 thousand sq. m. of construction in other regions;
3) the borrower’s own participation in the project (cash or construction in progress)
– 10% if the land plot is privately owned;
– 15% if the land plot is leased;
4) indicators of the financial stability of the developer;
5) acceptance of a counter obligation by the borrower to sell part of the housing to the Company at prices determined by the relevant document of the state planning system.

The financing mechanism, requirements for projects and standards can be found on the Company’s website in the section “For developers – Financing of complex development projects” (link).
Applications are submitted electronically on the Company’s website (link).
At the same time, the Company has a limitation in the amount of funding when financing complex development projects.