Kyrgyzstan reclaims over 1,900 real estate properties from private owners

The Kyrgyz government reclaimed more than 1,900 real estate properties from private owners since 2021.

Beksultan Tokonov, the director of the State Agency for Management of State Property, reported that over 1,600 of these properties were voluntarily transferred to the state while more than 300 were confiscated. The government has sold about 15 percent of these assets, generating approximately 25.5 billion soms for the state between 2023 and 2026.

Officials distributed about 60 percent of the returned properties among various ministries and departments and transferred another 25 percent to state enterprises. The government has not yet disclosed the total value of all returned properties because the budget does not currently include funds for an appraisal.