E.Bat-Amgalan, Minister of Urban Development, Construction and Housing, spoke after the government presented its five-year development plan for 2026–2030, updating the public on the state of Mongolia’s housing programme.
The mortgage loan programme, running since 2013, has issued MNT 10.8 trillion in loans to 129,100 citizens to date. Currently, about 35,000 applications, with an estimated value of ₮3.8 trillion, remain pending at commercial banks. According to the minister, this backlog means many applicants should expect to wait two to three years for mortgage financing through the income-based housing scheme.
To address the supply of mortgage funds and the long waiting lists, the government established a Working Group on the Establishment of a Housing Bank on July 23, 2025. The group, operating under the Ministry, is studying sustainable financing options, measures to balance housing demand and supply, and proposals for a dedicated housing-finance institution. The working group is expected to present its findings and recommendations to the government within this year.

Published Date:2025-11-11