MP and Minister for Roads Transport Construction and Urban Development Kh.Battulga, Director of Housing Fund Corp. J.Aldarjavkhlan, Executive Director of National Construction Association B.Ganzorig made press conference regarding the “4000 household” program for the state servants.
Q: When the program will be presented to public?
A: Ministry of Finance prepared program regulation. Therefore, between 2-12 December, exhibition on 4000 household will be organized at Bayanmongol housing estate.
Q: What is the main requirement of housing loan beneficent?
A: Up to ₮40 million will be loaned per person. Installment of total payment must not be lower than 10% of its total amount. Beneficent must have served to the state three years at minimum and if he or she is retired, installment payment an be increased accordingly. Also family members’ income must be over ₮650 thousand if he or she wants to get full size loan.
Q: What about for ordinary citizens?
A: Separate regulation will apply. But regulation is not developed at the moment, therefore, this loan only serve for state servants. It will not end with this program only, there are other programs like 10,000, 20,000 even 40,000 household programs.
Q: How much will be the interest rate?
A: Interest rate will be clear after the Ministry of Finance issues bond.
Q: How much will be the price of average sq.meter.
A: The Government uses nominal price. Government issued resolution in supporting the construction companies. ₮650 thousand per sq.meter.