The National Youth Committee under the patronage of the Prime Minister of Mongolia held a forum on “Apartments for young people” along with the Mongolian Youth Federation.

At the forum urgent problems in the construction sector, existing condition and future prospects, policy directed by Government and resolutions to provide young people with apartments were discussed.

Prime Minister N.Altankhuyag arrived at the forum and gave a speech.

The Prime Minister stressed that the core of Government directed policy on public housing is to provide civilians with new apartments granting construction companies free land and supporting infrastructure. The Government had deals on the terms with construction companies and construction work of the first 1560 homes apartments started.

The 500 apartments that are built in Buyant-Ukhaa will be available for residents in November and the remaining 1000 homes will be available in May 2014.

The Prime Minister also said that the Government seeks to decrease apartment prices, recovering the apartment building industry that was designed decades ago in order to provide civilians with lower price apartments.

Further the Prime Minister said that the Government intends to increase the number of rentable apartment buildings for the elderly and young people.