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Terms of sale of apartments and parking spaces in the residential complex located on the territory of EXPO are approved

by February 14, 2019 General

Baiterek Development, a subsidiary of the Baiterek Holding, will start a sale of apartments on February 15, 2019 at 10:00 in the residential complex (EXPO Residence) located on the territory of the EXPO in the capital.

Real estate, along with the previously existing methods, will be sold on new mechanisms introduced. Buyers will be able to get apartments with a 3-year interest rate of 12 years with a 20% initial installment.

According to the new mechanism, 1 family has the right to purchase 1 apartment. The payment period is limited to the 70th anniversary of the buyer. The buyer purchased before the expiration of the sale contract is responsible for insurance annually. Parking is not included in the deductible payment mechanism. The owner of 1 apartment is provided with 2 parking spaces.

People living in EXPO Residence should meet certain conditions. The most important thing is to apply at the online digital portal Baiterek and reserve your selected apartment. It is necessary to confirm the solvency and make a purchase and sale and mortgage agreement with Baiterek Development JSC, paying the initial installment. You also have to pay a 1-month payment and shelter for the period of disbursement (installment of the guarantee fee in the amount of 3-month payment).

At present, “Bayterek Development” JSC has a great potential for hosting the EXPO Residence. In particular, apartments can be purchased using existing mechanisms. That is, the apartment can be obtained by cash, from the second-tier banks through the loan process. At the same time, the Company may also purchase apartments in the state-owned “7-20-25” JSC (Housing Construction Savings Bank of Kazakhstan) through “My Own Home” and “Orda” programs.

The calculation of the solvency of citizens who want to buy a home in the EXPO is carried out through the electronic portal of JSC “House Construction Savings Bank of Kazakhstan”. Applicants and their spouses must have an electronic signature to pass the solvency evaluation stage.

Also, for convenience of potential buyers on a special calculator has been placed in order to check the financial possibilities of the apartment buyer at a fixed price.

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