Mongolia Plans 100,000 Homes by 2030, With More Mortgages and Priority for Ger Areas

A housing plan built around homes, loans and land

Mongolia plans to implement a national 100,000 Homes program from 2027 to 2030, combining housing development with a sharp expansion in mortgage lending. The government aims to increase annual home loans from 9,000 to 25,000 and reduce the number of household chimneys in ger areas by 50,000 through land clearance and housing redevelopment.

Beginning in 2027, the government plans to mobilize MNT 1.8 trillion with the private sector to bring an additional 16,000 households into mortgage lending. Residents of Ulaanbaatar's ger areas would receive priority for housing allocation, while payment options would be tied to household income and ability to pay.

The proposed program divides its 100,000 homes between 40,000 supported through state participation and 60,000 developed by the private sector. It also includes 567 rental homes for civil servants across 56 soums, Mongolia's local administrative districts.

For families, the central promise is a wider choice than buying a home through a conventional mortgage. The plans include rental housing, rent to own arrangements, shared ownership and homes allocated through land clearance. Eligible target groups could buy housing developed with government participation without making a down payment.

Why ger areas are the priority

Previous housing programs delivered some results, but the government's stated rationale for a new approach is that ger area chimneys have not meaningfully declined and the share of households with housing has not meaningfully increased. The new program seeks to connect construction and financing more directly to those outcomes.

Ger areas include traditional round dwellings and other homes on individual plots. The program's chimney target links redevelopment to a concrete change in those neighborhoods: moving households from their existing accommodation into housing provided through the initiative.

The goal of reducing 50,000 household chimneys is numerically equal to half the 100,000 home target. These are separate measures, however: the first concerns changes in ger areas, while the second covers the national housing program, including private developments and accommodation outside the capital.

Residents giving up land would be among those offered housing through the redevelopment process. For these households, the practical transaction involves both a new place to live and the land they currently occupy, making allocation terms central to how the program works.

What the state and developers would provide

The government's role in the 40,000 homes supported through state participation would focus on making land and engineering infrastructure available. Private companies would then carry out housing projects in stages on planned sites with infrastructure in place.

Engineering infrastructure means the basic networks that allow buildings to function, such as water, sewerage and power connections. Providing these networks is a different task from constructing apartment buildings, but both are needed before families can move into usable homes.

The remaining 60,000 homes would come through private sector projects supported by policies intended to expand mortgage access and buyers' purchasing power. The planned split puts 40 percent of the homes in the state participation category and 60 percent in private developments.

The financing and construction measures are meant to work together. Developers need buyers who can pay, while households need homes they can afford. More available credit would support purchases, sales and investment, while the land and infrastructure measures would support the supply of housing.

How much would mortgage access expand?

The annual mortgage target would rise by 16,000 loans, from 9,000 to 25,000. That is an increase of about 178 percent, or nearly 2.8 times the current annual number cited in the plan. A mortgage is a loan used to buy a home, usually repaid over many years, with the property serving as security for the lender.

The additional 16,000 households identified in the financing proposal match the difference between the existing annual mortgage number and the new target. The MNT 1.8 trillion funding effort, planned with private sector participation from 2027, is intended to support that expansion.

The government also plans to support lending for energy efficient and green housing. In practical terms, energy efficiency means a home needs less energy to provide the same level of heating or other services, which can help reduce running costs for residents.

Mortgage funding would also increase outside Ulaanbaatar, giving residents in the regions more opportunities to apply for housing loans. The program therefore combines a particular priority for the capital's ger areas with wider access to finance across Mongolia.

More ways for families to pay

Monthly household income and payment capacity would guide the housing options offered under the program. This matters because a family able to make regular housing payments may still struggle to save the large sum usually needed at the start of a purchase.

Target group residents would be offered the possibility of purchasing homes developed with government participation without a down payment. Their route into housing would still involve paying for the home, but with the initial cash requirement removed.

The program describes four main arrangements:

• Rental housing, allowing households to live in a home while paying rent.
• Rent to own housing, providing a route from renting toward ownership under an agreed payment arrangement.
• Shared ownership, allowing ownership to be divided rather than requiring a household to purchase the entire home at once.
• Housing allocated through land clearance, connecting redevelopment of occupied plots with accommodation for affected residents.

The proposed choices address different household circumstances. Renting can serve people who need accommodation without immediately purchasing it. Arrangements leading toward ownership can spread the process over time, while land clearance housing addresses residents whose existing plots are part of redevelopment.

Who would select applicants?

The government says housing selection would use automated smart systems to make applications and decisions transparent and reduce dependence on individual officials. The intended process would remove direct government involvement in selecting applicants.

For the Solongo 1 and Solongo 2 projects, commercial banks would manage registration and selection using established criteria and residents' actual housing needs. The banks would be responsible for conducting the process openly and fairly, without government participation in selection.

The broader automated selection proposal and the specific role assigned to banks describe how the government intends to administer access. Applicants would still need to meet the rules attached to the relevant housing or financing option.

Detailed income thresholds, mortgage interest rates, repayment periods, application dates and land compensation terms have not been specified in the announced plans. Those details will determine which households qualify and what their monthly commitments would be.

Rental homes for civil servants outside the capital

The program includes 567 rental homes for civil servants in 56 soums. This is a distinct part of the national initiative, focused on accommodation for public employees working in local communities.

The stated aim is to make it easier for civil servants to remain in their posts and support efforts to reduce concentration in the capital. Housing availability can be a practical consideration for an employee deciding whether to take or keep a job in a particular district.

Across the 56 soums, 567 homes would average about 10 per district, although the announced total does not give the distribution among individual locations. The rentals are a small share of the national target but are directed at a specific local employment need.

The timetable runs from 2027 to 2030

The government has set out a four year implementation period. The financing expansion is scheduled to begin in the same year as the housing program, bringing the lending and development efforts into a common timetable.

• Before the new program: the annual mortgage number cited in the plan is 9,000.
• From 2027: the government plans to mobilize MNT 1.8 trillion with private sector participation to extend mortgage access to an additional 16,000 households.
• From 2027 to 2030: the proposed 100,000 Homes program would combine state participation, private development, ger area redevelopment and rental housing in soums.

Spread evenly across four years, the housing target would average 25,000 homes annually. That calculation gives a sense of the program's scale; the announced approach calls for projects to proceed in stages.

What would change for households?

For ger area residents, the proposal brings priority access to housing and a possible route from an existing land plot into a new home. For buyers elsewhere, the main changes would be more mortgage funding and a broader range of payment arrangements.

The program's success would be visible in several concrete results: homes completed, households able to afford their payments, land redevelopment carried out and fewer household chimneys in ger areas. The 100,000 home target measures construction and housing provision, while the mortgage and chimney targets track other parts of the same effort.

Mongolia's proposal therefore extends beyond building apartments. It brings land, infrastructure, lending and household payment choices into one program, with the aim of turning additional housing supply into accommodation that families can actually access.

Key Points

• Mongolia plans a national 100,000 Homes program for 2027 to 2030.
• The proposed split is 40,000 homes supported through state participation and 60,000 through private developments.
• Annual mortgage lending would rise from 9,000 to 25,000 loans.
• The government plans to mobilize MNT 1.8 trillion with the private sector beginning in 2027.
• Ger area residents would receive priority, with a target to reduce household chimneys by 50,000.
• Payment options include renting, rent to own arrangements, shared ownership and housing through land clearance.
• The program includes 567 rental homes for civil servants across 56 soums.