Mongolia to support young families with mortgages - News.MN

Mongolia to support young families with mortgages

Old News! Published on: 2021.02.03

Mongolia to support young families with mortgages

The Mongolian government is to provide all possible support to implement the policy ofproviding housing for young people and young families.

Prime Minister L.Oyun-Erdene raised the issueduring a meeting with representatives of public and private organizations operating in the construction sector.

In the first phase, the government plans to implement three projects of apartment complexes targeting young people in the country’s capital, Ulaanbaatar, and other areas. A working group led by Chief Cabinet Secretary Ts.Nyamdorj to implement these projects will be formed soon.

Housing is one of the most pressing issues in Mongolia, especially in the capital city, home to over half of the country’s 3.3 million population.

More than half of the capital’s population live in the city’s ger districts, with no running water, central heating or sewerage systems.

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