Banks should choose property developers: Vice PM
20:30, 19 January 2009
ASTANA. January 19. KAZINFORM /Zauresh Balkenova/ Banks should choose by themselves property developers and a list of objects, with which they are agree to work on the second package of financing of unfinished participatory construction by the state. Kazakh Vice Premier Umirzak Shukeyev has made it public at the meeting on issues regarding stabilization of real estate market in the Government, Kazinform reports.
?Banks should name property developers and objects, with which they want to work?, U.Shukeyev said.
Vice PM offered to work out this mechanism in Astana and Almaty. ?It is necessary to choose one bank and 3-4 property developers?, he said to heads of the National Welfare Fund and the akimats.