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09.06.2017

“Real Estate Fund “Samruk-Kazyna” and “House Construction Savings Bank” signed the general agreement on cooperation on facility construction and sale

The general agreement on cooperation in the field of facility construction and sale under "Nurly Zher" state program was signed between the “Real Estate Fund “Samruk-Kazyna”  and “House Construction Savings Bank of Kazakhstan”.

 According to the Agreement, the parties undertake commitments to develop the real estate market in Kazakhstan. In particular, “Real Estate Fund “Samruk-Kazyna” finances construction of real estate facilities in accordance with the Investment Agreement, informs investors and buyers about housing loans, through which it is possible to purchase housing. “House Construction Savings Bank of Kazakhstan”, in its turn, promotes “Real Estate Fund “Samruk-Kazyna” searching buyers among its investors, informing them about real estate availability in this or that facility being constructed within public and private partnership under the Real Estate Fund.

 This General Agreement is an intermediate stage of conclusion of the objective agreement between “Real Estate Fund “Samruk-Kazyna”, “House Construction Savings Bank” and Developers, where clear mechanisms for interaction between the parties are stipulated.

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