Published
07/18/2025, 17:11Following the successful sale of all 13 land plots at an electronic auction in the Ala-Too Resort resort area, the State Agency for State Property Management (GAUGI) announced plans to auction an additional 36 lots.
The excitement among investors exceeded expectations, with plots in Zhyrgalan, where roads and a cable car are already under construction, selling for more than KGS 428 million at auction between July 15 and 18. Among the properties sold are plots for 5-star hotels, VIP cottages, and modular houses.
The winners of the auction are required to complete construction and commission the properties within two years. The Ala-Too Resort cluster is positioned as the flagship project of the country's tourism and investment policy. Due to high interest from the business community, GAUGI will hold additional auctions.