«Nurly Zhol» – Way of Kazakhstan`s development

"Nurly Zhol": Over 450 Aktobe’s citizens to get rental housing by yearend

By the end of 2015 Aktobe will built and distribute 469 apartments with total area of 30,600 square meters under "Nurly Zhol" program.
Aktobe30 November , 10:56

Some 139 apartments have been distributed in Aktobe up to this date, “Baiterek” Holding reported.

3,409 apartments have been distributed in Astana, Almaty, Shymkent, Aktobe, Kostanai, Kokshetau, Semei, Pavlodar, Karaganda and Taraz cities since the beginning of this year.

“Rental apartments are received by a category of citizens who are in the waiting list of the local executive bodies, young families, employees of budget organizations, government officials, large families, families with disabled children, orphans, left without parental care, single-parent families, the military men”, the message reads.

4,301 apartments or 249,000 square meters have been commissioned in the cities of Astana, Almaty, Shymkent, Aktobe, Kokshetau, Kostanai, Semei, Taraz, Karaganda, Pavlodar and Aktau. By the end of the year additional 2,800 apartments will be commissioned in Almaty, Shymkent, Aktobe, Taraz, Kyzylorda, Aktau, Ust-Kamenogorsk and Pavlodar.

The average rental price of 1 square meter of housing is up to 1,120 tenge in Almaty and Astana, in the other regions - 923 tenge. Rental housing is provided with no down payment with a buy out option to 20 years. After this period the real estate becomes property of the lessee. The property can also be redeemed after 5 years of the lease at the residual value, which is equal to the sum of the remaining monthly lease payments.