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Monday, November 30th, 2020

Determined the date and time of receipt of applications for the purchase of apartments in the EXPO-town

by February 14, 2019 Legal

A subsidiary of Baiterek Holding, Baiterek Development, JSC, resumes accepting applications from the public for the purchase of real estate in a residential complex on the territory of the Expo in Astana (EXPO Residence). Along with the previous mechanisms, home buyers are offered installment plans for the purchase of real estate for a period of 12 years at 3% per annum with an initial contribution of at least 20% of the apartment price, the press service of Baiterek Development reports.

It is noted that under the terms of the additional mechanism, the buyer can purchase only one apartment. The term of payment is limited until the buyer reaches 70 years of age. When buying a home, the buyer assumes obligations for the annual insurance of the apartment for the duration of the purchase contract. The installment mechanism does not apply to the implementation of parking spaces. Restriction on the sale of parking spaces is not more than 2 parking spaces per apartment.

To buy housing in the EXPO Residence residential complex, the buyer needs to book an apartment, submit an application through the Digital Baiterek online portal, confirm solvency, make a down payment, conclude purchase and sale agreements with Baiterek Development JSC, pay a guarantee fee (3 monthly payments), pay 1 monthly payment, as well as insure housing for the period of installments.

It is also possible to purchase housing using previously existing mechanisms: at its own expense or by attracting a mortgage loan in a second-tier bank, under the state program 7-20-25, the Own House program from Zhilstroysberbank of Kazakhstan and Orda from the Kazakhstan Mortgage Company, noted Baiterek Development JSC.

It is reported that the calculation of solvency of individuals who have applied for the purchase of apartments in a residential complex on the territory of the EXPO will be carried out through the Zhilstroysberbank of Kazakhstan platform. To pass the solvency assessment, you must have an electronic digital signature of the applicant and his spouse.

Also, for the convenience of potential buyers on the website: payment installment calculator is provided, with which you can pre-calculate the conditions of purchase based on your own financial capabilities.

In the residential complex “EXPO Residence” will be available to purchase one-, two-, three- and four-room apartments. The area of one-bedroom apartments varies from 39.6 to 51 square meters. m, two-bedroom – from 57.1 to 80.6 square meters. m, three-bedroom – from 81.1 to 106 square meters. m, four-room – from 105 to 123.4 square meters. m. Accommodation corresponds to class 2 comfort and is implemented in a fine finish. The cost per square meter of housing is 399,900 tenge, parking space – 735,000 tenge.

Baiterek Development JSC informs that the company does not cooperate with realtor agencies and other organizations that provide intermediary services on the sale of housing in the EXPO area.

Source: Central Communications Service of the Ministry of Information and Communications of the Republic of Kazakhstan