Government’s proposal to buy 4000 apartments is delayed

In August, the Government made new proposals to buy 4000 apartments which then be sold to Government employees with a soft loan. The decision is not being taken forward as the two sides cannot agree the price for the apartments. The Ministry of Finance and the Ministry of Road, Construction and Urban Development feels that the cost should be much cheaper whereas the construction companies is not wishing to lower their quoted price. The construction companies are now waiting for Prime Minister S.Bayar to return from Seoul, South Korea. Unofficial source reports that the PM will arrive in Mongolia later today.


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