Apartment Corporation reports at “Hours of construction” meeting

Ulaanbaatar /MONTSAME/ This state-run Corporation intends to realize a policy on providing people with apartments of affordable prices and to implement a discount policy for a targeted group. The corporation’s director A.Gantulga said it at the “Hours of great constructions” weekly meeting Monday. He also said the National Great Construction Corporation has been selected to implement a project on ”Buyant-Ukhaa” apartment town, which will take USD 50 million from the Development Bank of Mongolia (DBM) and employ 1,500 people. It is projected that prices of the apartments will be MNT one million 280 thousand per square meter, 25-30% cheaper of the current market price, Gantulga said, adding that 1,764 flats have been put into use already, waiting for buyers. Some 1,500 people--state servants, seniors, the disabled and young families mostly--have satisfied the condition for receiving the flats after nearly six thous. had applied through the automatic machines of governmental services. Now, 224 one-room flats, 33-39 square meters each, out of 1,764 are left empty, so these flats will be given to people in accordance with governmental guidelines, Gantulga said. A foundation stone laying ceremony took place Monday for the “Buyant-Ukhaa-2” apartment town, he went on. This town will have some 7,000 flats, a kindergarten for 280, a secondary school for 980, a service center, a cultural center and seven storey garage. Some 2,500 flats are expected to be put into use this year, he said. The corporation’s authorities reported that a programme launched to build 1,000 flats in centers of every aimag. The construction is to start in Uvs, Khovd, Arkhangai and Khovd aimags, they added.