Since 2017, implementation of housing construction in Kazakhstan is carried out within the Nurly Zher Public Program.
The main operators of the Nurly Zher program are Real Estate Fund Samruk-Kazyna JSC, Kazakhstan Mortgage Company JSC, House Construction Savings Bank JSC, NMH Baiterek JSC, local executive bodies.
Real Estate Fund Samruk-Kazyna JSC, as one of the operators of the Nurly Zher program, invests in housing construction projects in the areas of “Commercial Housing” (previously – the Nurly Zhol program) and “Rental Housing with Purchase” (previously – the Region Development Program by 2020).
Housing sale in the line of "Rental Housing with Purchase" is carried out in the following order:
1) through local executive bodies (hereinafter - LEB), which form lists of tenants with subsequent purchase, who confirmed their solvency, and send them to the Real Estate Fund.
2) Housing of the Real Estate Fund not distributed through the LEB is subject to further sale via Internet for rental-purchase, observing the principle of prioritizing persons who do not have housing or who need to improve their housing conditions, who has confirmed their income sufficient to cover rental payment. You can find the terms of housing distribution through the LEB or Internet on the website of Real Estate Fund Samruk-Kazyna JSC www.fnsk.kz.
Real Estate Fund Samruk-Kazyna JSC performs construction on the principles of public and private partnership in the line of "Commercial Housing". The Developer is granted the right to sell the entire pool of housing on the free market; i.e. the citizens can apply directly to the Developer for housing purchase. Information about the facilities and developers is posted on the website of Real Estate Fund Samruk-Kazyna JSC www.fnsk.kz.
You can preliminarily evaluate your possibilities with the following calculation: if the difference between the official aggregate income and all expenses is equal to the amount, not less than the maximum amount of the monthly payment, then the solvency is sufficient for filing an application.
The applicants can use the calculator on www.fnsk.kz to calculate the solvency when filling the application online. For this, it is necessary to determine a residential complex and type of apartment (1,2,3 rooms), since each type implies its own solvency. Herewith, the person who was indicated by the applicant as a family member and whose income was taken into account when calculating the maximum amount of rental payment (MARP) of the applicant (co-applicant) does not have the right to independently submit the application and participate in distribution of the accommodation as an applicant or be indicated as a family member from another applicant, except for the cases of dissatisfaction of the application or exclusion (refusal) of the applicant from participation in housing acquisition, or exclusion of this family member from the applicant list.
Additional information is available on the official website of Real Estate Fund Samruk-Kazyna JSC www.fnsk.kz. You can receive consultation on MARP settlement also by contacting REF Management LLP 8 (7172) 91 90 70.
One month before the applications are received, the announcement about the application receipt deadline is posted on the website of Real Estate Fund Samruk-Kazyna JSC. Applications are accepted online on the website of the Real Estate Fund www.fnsk.kz, where it is possible to choose a residential complex and leave your application. It is necessary to register in advance in the system using an electronic digital signature and choose an apartment in order not to waste time.
After submitting, the application is automatically assigned time, date and registration number, based on which the order of applicants will be formed. The users will be able to get acquainted with the real estate item in detail, up to its layout. After receiving the applications, the full list of registered citizens, who intends to purchase housing in the facility being sold, is posted. A potential purchaser just needs to provide a full package of the required documents. After that he may conclude an agreement.
There are no age restrictions. All adults who have officially confirmed income can take part. The main criterion is solvency. Sufficiency of solvency will depend on the type of apartment (type of apartment, quadrature) the applicant and his family are claiming. Solvency sufficiency will depend on the apartment (type of apartment, useful floor area) the applicant and his family are claiming.
Living quarters are transferred for rental-purchase for a period of 5, 7, 10 and 15 years, unless otherwise stipulated by the terms of the state program.
When concluding an agreement under rental-purchase, payment for property upkeep (utility and operating services, capital repairs, property insurance, reimbursement of expenses of the Real Estate Fund related to property tax payment) is not included in the structure of rental payment and is paid by the lessee independently.
You can find the rules for sale of residential and commercial (non-residential) premises of Real Estate Fund Samruk-Kazyna JSC in the line of "Rental Housing with Purchase" on the website of the Real Estate Fund www.fnsk.kz in the "To Applicants for Housing" section.
All citizens of the Republic of Kazakhstan, who have a confirmed income, sufficient to cover rental payment and prime costs of the lessee, can purchase a property. Priority when receiving applications will be given to social citizens, who do not have a housing or who need to improve their living conditions in a human settlement, where the facility is located.
According to the Rules for sale of residential and commercial (non-residential) premises of Real Estate Fund Samruk-Kazyna JSC in the line of "Rental Housing with Purchase" (previously - Region Development Program by 2020), an individual can exercise his right to purchase living quarters by no more than one purchase. Individuals who exercised their right to participate in the Program are considered to be those persons who concluded the hire-purchase agreement or living quarter sale and purchase agreement under the Program, as well as their Co-Applicants, whose income was used when settling the MARP.