The State Mortgage Company is implementing a large-scale housing construction program, under which 61 thousand 827 apartments are being built throughout the country. This project is aimed at providing affordable and comfortable housing for Kyrgyz citizens.

To date, the state mortgage program continues to gain momentum, expanding the population's access to modern residential complexes.

New buildings meet high standards of quality and comfort, which makes them an attractive solution for young families, budgetary employees and anyone interested in purchasing housing on favorable terms.

Construction is underway in different regions of the country, which contributes to the development of infrastructure and improvement of housing conditions for thousands of Kyrgyz people. The implementation of the project is part of the state strategy to expand the availability of housing, as well as an important step to strengthen the construction sector and create new jobs.

Recall that on February 25 in Bishkek held an extraordinary general meeting of shareholders of the State Mortgage Company, which decided to increase the authorized capital by 50 billion KGS. After the placement of shares, the capitalization of GMC will reach almost $1 billion, which will make the company one of the largest not only among state-owned but also private enterprises in the country.

As the head of the GEC told “Akchabar”, all raised funds will be used exclusively for the construction of new housing, which will significantly expand the scope of the state mortgage program and increase the availability of housing for citizens.