Kh.Battulga, Minister for Roads, Transport and Urban Development: ₮650 thousand, planned by the Government is credit line.

Nov 4 • Government, Real Estate • 1195 Views • No Comments on Kh.Battulga, Minister for Roads, Transport and Urban Development: ₮650 thousand, planned by the Government is credit line.

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photo courtesy of gogo.mn

photo courtesy of gogo.mn

Government of Mongolia issued bond of ₮180 billion and resolved to spend it for funding of the state servants housing. But the resolution stated that it will give loan based on the calculation of 650 thousand MNT per sq.meter creates big dispute. Because, construction companies think that the “given” price is too tough. Hereby, Minister Kh.Battulga shares his opinion.

Q: Government issued resolution, but how is progress of funding state workers’ housing?

A: Parliamentary party groups discussed the issue and supported it. The main comment and finding was to include not only state servants but to include others.

Q: When Government set price at ₮650 thousand per sq.meter, the number of constructions and apartment is decreased, what would you say about it?

A: People have little understanding on the pricing. When we approve the regulation, it will be much clear. ₮650 thousand is one type of credit line. In other words, if he or she spends ₮850-900 thousand per sq.meter, 650 thousand of it will be borrowed by the government. Beneficiary will pay the rest of the payment, using his or her own resource.

Kh.Battulga Minister for Roads, Transport and Urban Development: ₮650 thousand, planned by the Government is credit line.

Government of Mongolia issued bond of ₮180 billion and resolved to spend it for funding of the state servants housing. But the resolution stated that it will give loan based on the calculation of 650 thousand MNT per sq.meter creates big dispute. Because, construction companies think that the “given” price is too tough. Hereby, Minister Kh.Battulga shares his opinion.
Q: Government issued resolution, but how is progress of funding state workers’ housing?
A: Parliamentary party groups discussed the issue and supported it. The main comment and finding was to include not only state servants but to include others.
Q: When Government set price at ₮650 thousand per sq.meter, the number of constructions and apartment is decreased, what would you say about it?
A: People have little understanding on the pricing. When we approve the regulation, it will be much clear. ₮650 thousand is one type of credit line. In other words, if he or she spends ₮850-900 thousand per sq.meter, 650 thousand of it will be borrowed by the government. Beneficiary will pay the rest of the payment, using his or her own resource.

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