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06/25/2024 14:12:00

Baiterek Holding launches 100 billion tenge leasing program for farmers

24.05.2024

Rustam Karagoishin inspects affordable housing projects in Singapore

Rustam Karagoishin inspects affordable housing projects in Singapore

     On May 24, 2024, Rustam Karagoishin, Chairman of the Board of Baiterek Holding, visited Singapore to inspect affordable housing projects managed by the Housing & Development Board (HDB). The visit aimed to learn from Singapore's best practices in the construction and management of affordable housing.

     Founded in 1960, the Housing & Development Board operates as an independent department within Singapore's Ministry of National Development. It has been committed to providing quality, affordable housing for Singaporeans. HDB is responsible for building 80% of the country's housing, while the private sector concentrates on luxury housing.

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     During his visit, Rustam Karagoishin highlighted the innovative methods employed by HDB to ensure affordable housing and promote sustainable urban development.

     “Learning from HDB’s experience helps us discover new strategies to address affordable housing challenges in Kazakhstan and implement projects that enhance the quality of life for our citizens,” said the Chairman.

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     HDB’s core responsibilities include planning and constructing new buildings, renovating existing structures, managing and maintaining the housing stock, and offering loans for purchasing land or public housing. The Board also engages in land reclamation and manages national resource reserves.

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