Kazakhstan Housing Company (KHC) presented the concept of a new product — a renovation guarantee, aimed at attracting private investments in projects for the renovation of dilapidated housing. KHC representatives and experts from auditing firms discussed the need to increase financial transparency and improve the quality of financial reporting in construction companies. Special attention was given to common errors in financial statements, the necessity of regular audits of construction companies according to international standards, and the creation of a unified repository of financial reports based on professional developers’ associations.
Participants were presented with planned legislative innovations in shared-equity construction, as well as the development plans for the Unified Information System for Shared-Equity Participation in Housing Construction “Kazreestr”, which handles the state registration of shared-equity agreements (SEA). One of Kazreestr’s innovations is the development of functionality for issuing permits by akimats to attract investors, which will optimize the current business process of permit issuance and reduce the timeframe for providing public services.
Starting from 2025, by analogy with SEAs, the centralized accounting of housing cooperative participation agreements (HCPAs) will be implemented in Kazreestr to protect the rights and legal interests of shareholders joining housing cooperatives.
Additionally, KHC presented the updated design of the Housing Portal (homeportal.kz) with a user-friendly interface for viewing shared-equity housing projects and accessing KHC services.
MP of the Mazhilis of the Parliament of Kazakhstan, Erlan Abdiyev, presented a concept for creating an inclusive environment in modern housing, emphasizing the importance of providing comfortable conditions for all population groups.
Support tools for developers from the Export Credit Agency of Kazakhstan were also presented, enabling domestic companies to enter international markets.
To assist citizens in protecting their rights and interests as shared-equity participants, KHC introduced a beta version of the Online Support Center for Shareholders using artificial intelligence. The AI can advise citizens on shared-equity participation in housing construction based on Kazakh laws and regulations and verify housing projects for the presence of akimat permits or KHC guarantees for attracting participants.
Construction companies were separately presented with opportunities of the online building materials platform (www.material.kz), discussing prospects for listing construction materials on commodity exchanges to ensure transparency in pricing.
“Digitalization and improving transparency of construction companies are key to the sustainable development of the housing market. KHC’s renovation proposals will help create comfortable conditions for citizens and increase private investments in housing construction, improving the architectural appearance of our cities,” noted KHC Chairman Altai Kuzdiabayev.
One of the most pressing topics was the presentation of the “shadow” shared-equity housing market study results, including for the first time, the volume of rental housing provided unofficially. According to the results, approximately 67% of shared-equity and rental housing is being sold or rented illegally in the country. Participants emphasized the need to strengthen market control and monitoring, especially to combat illegal schemes revealed in the “shadow” market study.
The forum’s results demonstrate confident steps toward increasing citizens’ and investors’ trust and the sustainable development of Kazakhstan’s modern housing market and construction sector.
Press Service
JSC “Kazakhstan Housing Company”
+7 7172 797575, ext. 2205
pr@khc.kz, www.khc.kz