Kazakhstan to build 2mn m2 of affordable housing within 3-4 years.

By bne IntelliNews August 18, 2011
National welfare fund SamrukKazyna in cooperation with private companies is ready to construct 2mn m2 of affordable housing within 3-4 years, the funds deputy chairman Kuandyk Bishimbayev has said. He explained that the government was preparing a new program of residential construction that will continue the anti-crisis part of Rented housing program that is close to completion stage. Most of the problematic housing construction sites of 2008-2010 period were already completed. The new program will consider the balance of demand and offer in the real estate market. SamrukKazyna will be the most likely the new program operator.

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