Parliament's Economic Standing Committee held a meeting with Minister of Construction and Urban Development Kh. Badelkhan on Tuesday, and discussed the ipotek loan program's development and future plans for its implementation. Minister Kh.Badelkhan reported that 42,600 people purchased apartments through the program from 2008 to 2012 and that 76,000 people purchased apartments through the ipotek loan program from 2013 to 2016. The ministry financed 111 billion MNT in mortgage loans in 2017. The ministry financed 448.4 billion MNT in loans and helped 7,300 people purchase apartments in the first 10 months of 2018. They expect this number to reach 10,000 by end of the year.
The National Post /page 3/