Buyant Ukhaa-2 commissioned


The Buyant Ukhaa-2 apartment complex, located in the 10th khoroo of Khan-Uul District, opened on December 25.

Speaker of the Parliament Z.Enkhbold, Ulaanbaatar Mayor E.Bat-Uul, General Secretary of the Democratic Party L.Erkhembayar, President of the National Creation Corporation B.Jugder, Director of the State Corporation for Apartment Investment (SCAI) A.Gantulga, and Executive Director of the State Bank of Mongolia D.Batsaikhan participated in the opening ceremony of the apartment complex. The new residents of the apartments were also present. Z.Enkhbold handed each of them their apartment keys at the opening.

A part of the “New Creation” program, in its completion, Buyant Ukhaa-2 is to be built on 28 hectares of land. Initially, the project will build 20 nine-story apartment buildings capable of housing 1,620 households, daycare centers and kindergartens, and six five-story service centers. The construction started in June of 2014. The second stage of the project will include 60 12-story buildings, three kindergartens, two elementary schools, a seven-story parking lot, a park, and a sports complex.

SCAI was founded in 2013 to stimulate the housing projects of the government’s 2012 to 2016 development agenda. It chose the National Creation Corporation as the main executor of the complex. Over 100 domestic companies participated in the execution of the project and 80 as suppliers. Over 1,500 people participated in construction and 1,700 in interior work.

The director of SCAI, A.Gantulga, said the 30 apartment buildings of Buyant Ukhaa-2 were evaluated by the state and determined to be “satisfactory”. “The buildings are also built to be resistant to magnitude 8.0 earthquakes,” he said.

Speaker of the Parliament Z.Enkhbold toured the complex and gave opening remarks. “Specifically, 1,764 households got in the Buyant Ukhaa-1 apartment complex with a low interest mortgage. Today, 1,620 families are ready to move into their apartments,” he remarked.

“Since the government started the eight percent loans in 2012, 44,336 families have received 2.4 trillion MNT in eight percent mortgage loans. As for construction, a total of 2.5 million square meters of buildings that cost 5.2 trillion MNT were commissioned between 2013 and 2014. Following the increase in construction, the number of people working in the field has increased by 15,300 and reached 77,000 in total. This is a relatively high number in the past 20 years of construction development in Mongolia,” said Z.Enkhbold.

The Speaker mentioned that he’s working to overturn the Constitutional Court’s decision to suspend the eight percent interest mortgage and reintroduce the program. “Inflation has dropped to three percent, so we’re working to decrease the eight percent interest loans,” said the Speaker of the Parliament.

Ulaanbaatar Mayor E.Bat-Uul expressed his pride for the hard-working workers who started construction in the spring but finished in winter. “Today, the number of people moving into apartments is being measured not by the thousands, or 10 thousands, but by the hundreds of thousands. It’s great how so many have worked hard to meet up with this increasing demand,” he said.

“Aside from congratulating our builders, I came to ask the Parliament something on behalf of all Ulaanbaatar residents. It’s very unfortunate how we’re bringing politics into housing projects. Many are waiting to get a loan and move into apartments. Even in developed countries, such as America and Germany, people get their apartments with mortgages. The main circulation in housing projects is based on loans.

“It’s not that we’re giving out loans based on political party preference. It’s people who want the mortgages that are getting it.

“Then people got the opportunity to put their land into economic circulation, as the Parliament passed a law last July. The Constitutional Court suspended that law too. Why can’t they sell their land? Let’s stop bringing politics into this,” E.Bat-Uul said.

Short URL: http://ubpost.mongolnews.mn/?p=17622

Posted by on Dec 28 2015. Filed under Domestic. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

1 Comment for “Buyant Ukhaa-2 commissioned”

  1. having an apartment to stay in is good when the weather is cold and you need to stay inside. Ger is also good accommodation if you have good drainage, water and electricity since Ger is natural habitat and close to the nature.

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