In the context of active reassessment in the real estate sector of Bishkek, the Royal Central Park project stands out as one of the few that fully complies with the legal norms necessary for the stable and official development of high-rise urban construction.
The project has already completed all necessary legal procedures, including the approval of urban planning documentation and obtaining an urban planning conclusion (UPC) issued by the authorized body in Bishkek. Furthermore, all financial obligations have been fulfilled, and legal processes related to land rights have been completed in accordance with current legislation.
Visualization of the musical fountain and multifunctional sports ground of Royal Central Park — launch scheduled for September 2026
Based on all the aforementioned factors, two high-rise buildings Atlas (Y2) and Lyra (Y3), located in the subzone The Essence, have been granted construction permits that comply with the approved urban planning norms. These permits are registered in the state management system and are available for verification via QR code, allowing for confirmation of their legality at all stages of the project, including construction and state control. (1)
The landscaped garden of the The Essence phase — a large-scale urban complex All-in-one Royal Central Park
Additionally, the project meets specific requirements for high-rise buildings, including:
- connection to engineering networks;
- ensuring structural safety;
- compliance with fire safety standards;
- organization of transportation accessibility;
- possibility of long-term operation.
These conditions are necessary for the successful and safe implementation of large urban projects in Bishkek. A reliable legal framework creates a foundation that allows investors to focus on financial efficiency and cycle strategy, freeing them from legal risks inherent in emerging markets.
When investing in real estate, income is achieved not only through "correct acquisition" but also through the ability to hold an asset for a long time within a proper growth cycle. In the context of a new growth phase in Bishkek, investors should be asking not "whether to buy," but how to enter the cycle with maximum safety and capital efficiency.
All-season pool of the The Essence phase
THREE-YEAR GRACE PERIOD — "OPTION FOR TIME" WITHIN THE GROWTH CYCLE
Royal Central Park is developing in a context where the Bishkek market is beginning to grow; however, the high cost of capital makes it difficult for many investors to hold investments for a long time, even with a correct assessment of prospects. Therefore, this project was conceived not as a quickly executable product but as a financial structure where financial policy takes center stage.
Instead of burdening investors with capital costs in the first years when the facility is under construction and not generating income, the project has pre-developed a financial package that synchronizes the timing of costs with the timing of value growth.
In practice, many investors in Bishkek do not hold on not due to disbelief in the market, but due to the necessity to pay capital costs in the early years when the asset is not yet ready and not generating income. The project addresses this financial issue.
The credit package is not intended for short-term speculation but focuses on readjusting the capital servicing schedule according to the asset's growth rates. The three-year grace period effectively provides a high-value "option for time", allowing the investor to:
- lock in the current price during the growth and reassessment phase of the market;
- completely eliminate capital expenses during the period of no income;
- defer financial obligations to the moment when the asset reaches maturity and value increases, providing more opportunities for flexibility and exit.
Financial conditions of the project:
- the possibility of attracting up to 70% of the apartment's value with personal funds starting from 30%;
- loan term up to 15 years;
- grace period for payment for the first three years;
- all interest during the grace period is paid by the developer RCA Living;
- early repayment without penalties; the collateral is the future apartment.
The essence of this structure lies not in the term "three years," but in the financial value of time: for professional investors, this is an asset that provides a competitive advantage in a critical growth phase.
Interior of the apartment in the Lyra (Y3) building, The Essence phase
THE RIGHT CYCLE — YET MANY INVESTORS USE INAPPROPRIATE TOOLS
There is a paradox in the Bishkek market:
- fundamental factors — urbanization, demand for quality housing, lack of supply — form the basis for a sustainable growth cycle;
- high interest rates on KGS remain a barrier for investors.
Available mortgage and investment loans often have rates of 18–22% per annum, do not support properties under construction, and interest is charged from the first month without a cash flow buffer.
As a result, the cost of capital begins to act at the moment when the asset is not yet completed and not generating income, which reduces IRR. The problem lies not in the market growth, but in the ability to hold a position without allowing capital costs to undermine investment efficiency.
FIRST PRICE GROWTH — THEN CAPITAL COST: THE FOUNDATION OF INVESTMENT STRATEGY
The credit policy of Royal Central Park allows to hold a position in a critical growth phase, and capital is serviced only when the asset's value meets the requirements.
The project is not intended for short-term speculation, but for those investors who understand: the right market opens opportunities, and the right financial structure determines who can hold on until the end of the cycle.
Notes (01):
- Corporate information on RCAL is available on the official website of the Ministry of Justice of the Kyrgyz Republic: minjust.gov.kg
- The legal status of the land plot can be independently verified by any third party through the Cadastre.
- Permit (object passport) RCAL with QR code: https://minstroy.gov.kg/ru/building/passport/legal/2025003879
