The Apartment Financing Corporation has announced that is now allowing the private sector to purchase apartments from the Buyant Ukhaa-2 housing project, which will be operational this year.

Opening the reasonably priced apartments to the public is taking place as it may be a source of funding to build the state's next affordable housing project.

Although the price of the apartments in Buyant Ukhaa-2 will be lower than current real estate market rates, they will be a bit higher than the price per square meter for apartments in the Buyant Ukhaa-1 housing project. The per square meter price of  apartments in Buyant Ukhaa-1 housing project was 1,280 million MNT.

Potential buyers of apartments in Buyant Ukhaa-1 failed to meet mortgage loan requirements, which caused trouble in funding future projects, thus impacting the Apartment Financing Corporation's recent decision.