“Baiterek Development” JSC a subsidiary of “Baiterek” Holding will begin selling of housing located on the territory of EXPO in the city of Astana from June 1, 2018. Apartments and parking area will be put up for sale on the market conditions.
"42 residential houses were built to accommodate the participants of foreign delegations for the time of the International Specialized Exhibition EXPO-2017 held in the city of Astana in 2016. The real estates were constructed at the expense of the National Fund and investments of design companies. Return of funds allocated by the state for the construction of residential houses will be provided by selling real estate to the market" - said Deputy Chairman of the Management Board of "Baiterek Development" JSC A. Userbayev.
Everybody is able to buy an apartment along with a parking unit in EXPO residential area either at his own expense or by means ofa mortgage loan in second-tier banks or a housing loan in “Zhilstroysberbank of Kazakhstan” JSC.
As A.Userbayev noted, in order to ensure the transparency of EXPO residential units, applications for the purchase of real estate is planned to be accepted by means of Digital Baiterek online platform, which is currently under development and testing.
Housing corresponds to the second class of comfort and is sold in final finishing. The area of one-room apartment is from 41.3 to 50.7 square meters, two-room apartment - from 60.8 to 75.6 square meters, three-room apartment - from 85.3 to 104.9 square meters, four-room apartment - from 108, 4 to 123,7 square meters.
At the earliest possible time, the cost of real estate will be determined with the involvement of an independent consulting company.
Reference: “Baiterek Development” JSC has financed the construction of housing as well as shopping and entertainment center on the territory of the international exhibition EXPO-2017 from 2014 till 2016. Residential district, with an area of 110.7 thousand square meters, was built in the partnership with the companies "Lux Nedvizhimost Group" and "BI Group".
“Baiterek Development” JSC is a unified financial operator for bonds redemption of local executive bodies in the framework of “Nurly zher” Housing Construction Program. The company finances the construction of credit and rental housing in Kazakhstan.