High-valued building available for purchase at approximately 249 million Tenge.
In the humble town of Arkalyk, a nearly-finished mosque marked for sale on a popular platform has stirred quite a buzz. This unfinished architectural gem, standing at 85% completion, catches the eye for 240 million tenge, as reported by Almaty.tv.
Bolat Abdibekov, a resident of Kostanai region, put it bluntly, "It's not a religious affair for me; it's a bloody construction project. Everything's up for grabs worldwide. I'm not hawking a mosque, I'm selling my sweat equity. As a straight-up businessman, I deserve a fair compensation for my hard labor, ready to move on to another venture."
Why such a high price for an incomplete structure? Let's break it down:
- Market and Location: Arkalyk being a regional town, a mosque of considerable stature might command a premium due to its cultural and social value. The demand for religious and communal infrastructure could fuel the price regardless of completion status.
- Investment Already Made: Substantial resources - materials, labor, and effort - have entered the project's making, contributing significantly to its worth. With 85% completion, most of the heavy lifting is already done, making the risks and costs cheaper for the buyer to finish the project.
- Customization Opportunities: Buying an almost-finished building might be more appealing and cost-effective than starting from the ground up. The incomplete state may offer the chance to tweak the structure to meet community or personal preferences.
- Market Factors: Construction and real estate prices in Kazakhstan, including in Arkalyk, may be influenced by inflation, material costs, and labor rates. The asking price could reflect the current market scenario and the seller's sense of urgency or anticipation.
- Cultural and Religious Significance: Mosques carry profound cultural and religious meaning, adding a layer of intangible worth beyond mere physical construction. Possible community contributions, government assistance, or grants could influence the perceived worth.
In short, the 240 million tenge asking price, considering the mosque is 85% complete, embodies the resources invested, the value of location and cultural significance, current market factors, and the advantages for buyers of acquiring a half-finished structure with potential for completion and customization.
Bolat Abdibekov, seeing the mosque as a business opportunity rather than a religious symbol, notes, "I'm not hawking a mosque, I'm selling my sweat equity. As a straight-up businessman, I deserve a fair compensation for my hard labor."
With the nearly-finished mosque in Arkalyk marking the entry into the realm of real-estate investing, interested buyers might find it appealing due to the customization opportunities and the chances to capitalize on the mosque's historical, cultural, and potential communal significance amidst the current market conditions.
