Changing the requirements for subsidizing developers

Changing the requirements for subsidizing developers

The approved Concept for development of housing and communal infrastructure until 2026 changed the price parameters for sale of 50% of housing at a fixed price per 1 sq.m. within the framework of the mechanism of subsidizing the interest rate on loans issued by second-tier banks to private developers:
for cities of Astana, Almaty and their suburban areas, the sale price of 1 sq.m. of housing should not exceed 310 thousand tenge;
for cities of Shymkent, Atyrau, Aktau – no more than 260 thousand tenge;
for other regions – no more than 220 thousand tenge.
It should be noted that Kazakhstan Housing Company JSC, being a financial agent, subsidizes the 7% interest rate on loans issued by second-tier banks to private developers.
Application for subsidies can be submitted online through the portal https://digital .baiterek.gov.kz.
The deadline for consideration of the application shall not exceed 5 working days.
All information on obtaining subsidies can be obtained on the website www.khc.kz or through call center 8 7172 79-75-75, 8 8000 80 44 48.