Deputy: Why does GIK housing in Kara-Balta cost $900 per sq.m, while private sellers offer it for $600?

Арестова Татьяна Economy
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- At the meeting of the Jogorku Kenesh on February 5, 2026, Deputy Nurlanbek Azygaliev asked a question about the cost of housing offered through the State Investment Corporation (GIK) in Kara-Balta.

Deputy Head of the State Mortgage Company Nurlan Kudaykulov reported that the price per square meter is 900 dollars.

Azygaliev noted that private construction companies offer apartments at a price of 600 dollars per square meter, while they also acquire land plots for construction.

“Why does the housing provided to you for free cost more?” he addressed Kudaykulov.

Kudaykulov explained that the apartments from GIK come with full finishing, to which the deputy remarked that the cost of repairs is only 50-100 dollars per square meter.

In response, the First Deputy Chairman of the Cabinet of Ministers Daniyar Amangeldiev promised to provide a detailed calculation of the prices for housing being built through GIK.
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