Ch.Gankhuyag: Government will provide housing to people based on their jobs

Mr. Ch.Gankhuyag, Vice Minister for Finance, shares his opinion on the recent development of the Government plan for housing and its funding solutions. Q: The Government decision of shutting down the Housing Finance Corp. (HFC) is masterminded by Vice Minister for Finance. Some say that secret owners and former executives of commercial banks are Cabinet […]

Minister Kh.Battulga: Housing loan shall be squeezed down to 6% per annum

Working group on “Housing for 100,000 households” program held meeting at Prime Minister S.Batbold’s office. Shortly after the meeting, MP Kh.Battulga, Minister for Roads, Transport, Construction and Urban Development, answered to some questions raised by journalists. Q: Can you give some details of the working group  meeting. Kh.Battulga: There are some painful problems in implementing […]

Minister D.Zorigt urges the progress of constructing a new international airport at Khushigt Valley

Minister D.Zorigt urges the progress of constructing a new international airport at Khushuut Valley An official visit of the Minister of Mineral Resources and Energy of Mongolia D.Zorigt is continuing in Japan. On Friday July 30, the Minister met with Mr. Yo.Sengoku, a head of the Cabinet Secretariat of the Japanese Government, and expressed a […]

Every citizen can get housing loan next year

Every citizen can get housing loan next year “New Construction Development” program, developed by the Government of Mongolia, was approved by SGK on June 25 2010. The program will be implemented together with “Smokeless Ulaanbaatar” and “100 thousand household” programs. The funding for this program, to be implemented in 2010-2015, will be made from six […]

Sainshand Complex will be established by over $10 billion

Sainshand Complex will be established by over $10 billion The Cabinet Meeting was held on Sainshand Complex. The meeting made decision to appoint working group (Cabinet Secretariat and MP Ch.Khurelbaatar) on establishment of Sainshand Industrial Complex in charge of amending related laws and regulations in order to support industrial parks in Sainshand and other regions […]

The Housing Mortgage (Ipotek) Financing Corporation made order of the second round

Within the framework of “4000” household program, the Housing Mortgage Corporation offers up to ₮40 million mortgage loan to professionals working for the state.  As for now, 1251 state officials submitted their documents for the loan grant who included in the program quota. 404 people of out these requests selected their apartments, totaling ₮12 billion […]