This year, about 80 thousand apartments' construction will be concluded. However, due to IMF recommendation to decrease mortgage loan support from the state budget, construction companies are facing severe difficulties in apartment sales.

Since mid-2017, banks have been approving mortgage agreements only if the mortgager chooses from certain apartments, which the construction company has a loan from the bank.
On December 28th, President Kh.Battulga met with journalists and answered their questions.
During this meeting, the President noted the urgent need of providing civil servants with new apartments. According to this offer, civil servants, such as doctors, nurses, teachers, and police officers who have a fixed salary and live in the ger area will have to move to new apartments. The President considers this plan to be helpful to solve air and soil pollution and decrease the coal usage in Ulaanbaatar. He also mentioned that the Cabinet allowed his comment and gave positive feedbacks.
The Prime Minister will inform about the new housing program during the plenary session of the Parliament on Thursday.

Published Date:2018-01-03