According to the Ministry for Investments and Development, in the republic under the Nurly Zher program for the first nine months 2018, 8.8 million m² of housing was commissioned, which is 11.6% more than the same level in 2017.

“More than 77 thousand families improved their living conditions, of which about 9.5 thousand families purchased housing built with public funds,” reported the Minister for Investments and Development of Kazakhstan Zhenis Kassymbek.

Investments in housing construction increased by 31.5% compared to the same period 2017 and amounted to 818.9 billion tenge. For 1 tenge of public investment 8 tenge of private investment was spent. According to the results of 9 months 2018, the largest volumes of housing commissioning are observed in the cities of Astana (1.8 million m²), Almaty (1.3 million m²) and Mangistau region (910.5 thousand m²).

“In total in 2018 it is planned to ensure the commissioning of at least 12.1 million m² of housing, of which 1.3 million m² or 22 thousand apartments are in the framework of state investments,” noted Kassymbek in his report.

According to the ministry, a total of 148.6 billion tenge has been allocated for the implementation of the state program in the republican budget 2018. From the envisaged funds for the supply of engineering communications to the areas of housing development, according to the financing plan, 44.6 billion tenge was transferred, of which 40.8 billion tenge was mastered, or 91.7%. 500 km of utility networks have been laid.

At the same time, Kassymbek reported on the implementation of certain areas of the Program.

According to the first direction “Construction of rental housing without redemption for socially vulnerable groups of the population” in 2018 it is planned to build 3,470 apartments.

"As of October 1, 2018, 1,176 rental apartments were introduced. Of the estimated 26.9 billion tenge, 21.3 billion tenge was brought to the regions, of which 20.1 billion tenge was mastered, or 96.7%. In general, in the framework of the Address of the Head of State, we plan to increase funding for the construction of rental housing up to 50 billion tenge,” the minister said.

For the implementation of the second direction “Construction of credit housing,” 207 billion tenge, wrapped every 2 years as part of bond loans, is directed. As Kassymbek stressed, in 2016, 67 billion tenge was allocated from the National Fund to akimats for the implementation of this. From 2017, the allocated funds of Baiterek Holding and Samruk-Kazyna Fund were additionally send to akimats. For 2018, the Ministry for Investments and Development plans to provide financing to akimats for 100.9 billion tenge for the implementation of 141 projects, which ensures the construction of 9,793 apartments. So, as of November 5, 2018, akimats attracted 93 billion tenge. About 180.5 thousand m² of housing or 3,096 apartments were commissioned. Until the end of 2018, additionally 6,697 apartments will be commissioned.

In the framework of the third direction “Development of individual housing construction”, about 40 thousand land plots are being equipped with engineering communications this year, of which about 16.5 thousand plots have already been issued.

The operator of the implementation of the fourth direction "Stimulating housing construction by private developers" is the Damu Entrepreneurship Development Fund. According to the Fund, the plan for issuing subsidized loans to developers is 152 billion tenge for the construction of 600 thousand m² of housing. Today, private developers have commissioned 138.5 thousand m². In general, since the beginning of the implementation of the Program, banks approved 77 projects with a total amount of loans of 67.2 billion tenge, of which 46 subsidy agreements were concluded for 42.9 billion tenge.

According to Kassymbek, in the fifth direction “Housing construction with the involvement of subjects of the quasi-state sector,” it is planned to complete the construction of housing under previously launched projects. Baiterek Development JSC out of the funds of the National Fund allocated in 2016 concluded contracts for 95.6 billion tenge, mastered 93.5 billion tenge or 97.8%.

“Today 578.4 thousand m² or 9,669 apartments have been commissioned. The Samruk-Kazyna Fund of 97 billion tenge allocated in 2016 concluded contracts for 75.9 billion tenge for the construction of commercial housing. Before the end of 2018, Samruk-Kazyna needs to return the remaining 50.3 billion tenge. These funds will be spent on financing by the local executive bodies of the construction of credit housing,” reported Kassymbek.

At present, the Fund transferred to developers 68.8 billion tenge (96.9%), and introduced 162.7 thousand m² of commercial housing. In addition to the already rented housing, it is planned to complete the construction of 23 thousand housing units (of which more than 13,133 apartments are in the framework of state investments.

“In general, housing construction and disbursement of funds are under constant control. Housing construction is actively developing, which contributes to a significant improvement in the living conditions of citizens, an increase in the growth rate of construction, as well as the development of entrepreneurial initiatives,” said Kassymbek.

The Chairman of Baiterek National Management Holding JSC Aidar Arifkhanov reported that, in the line of Baiterek Development JSC, out of 113 billion tenge allocated in 2016 contracts have been concluded for 95.6 billion tenge, as of October 1, 2018, 94.9 billion tenge or 99.2% have been executed. In 2018, with a plan of 34 thousand m², 24.9 thousand m² or 73% were built. Additionally, by the end of 2018, 9.9 thousand m² will be commissioned.

Housing Construction Savings Bank, in turn, stimulates the demand and implementation of built housing for its investors. With the annual plan of issuance of 270 billion tenge, the population issued 30 thousand soft loans worth 274 billion tenge. At present, 1.2 million contracts with the amount of savings of 568 billion tenge are in the bank system.

“To further stimulate housing construction savings, the online banking system and the Internet portal of real estate BASPANA.KZ are actively developing, which brought together all investors, developers and government agencies on its platform. Now, Kazakhstanis receive online consultation on the services of the Nurly Zher program, information on finished and under construction objects, cost per square meter and bank products. Today, 11 thousand apartments have been sold through the portal to the population at fixed prices of 80 billion tenge,” Arifkhanov said.

Akims of the Mangystau region — Yeraly Tugzhanov, Atyrau — Nurlan Nogayev, Almaty — Bauyrzhan Baibek and Astana — Bakhyt Sultanov reported on the implementation of the state program in the regions.