The main thing in real estate investment is not only finding a favorable price but also having the ability to control the asset during periods of maximum growth.
Royal Central Park offers a strategy where owning an asset requires only 30% of equity, and in the first years, when the market is growing, there is no need to pay for the cost of capital. This approach represents an option that allows investors to maintain the internal rate of return (IRR) and maximize profits for forward-thinking investors.
Time for Reevaluation: Bishkek and Positive Macroeconomics
In real estate investment analysis, it is important not only to make a purchase decision but also to choose the right moment in the cycle. For Bishkek, that moment has already arrived.
According to data from the National Statistical Committee of the Kyrgyz Republic, the country's GDP showed impressive growth — over 11% at the beginning of 2025 compared to the same period of the previous year. Additionally, according to this data, GDP continues to show steady growth compared to previous quarters, indicating positive dynamics in key sectors of the economy, such as services, industry, and construction.
The city of Bishkek
These macroeconomic data align with other economic reports. In particular, the International Monetary Fund's (IMF) Article IV Concluding Statement notes that the economy of Kyrgyzstan is steadily growing, driven by increased trade, inflows of remittances, and rising domestic demand, although growth rates may vary depending on forecasts from international organizations.
The real estate market cycle begins during periods of strong economic growth and rising incomes, when capital shifts into real assets. In Bishkek, this is confirmed by statistics: construction and the service sector are actively developing, and financial indicators are becoming more stable, creating conditions for the beginning of asset reevaluation — when their value starts to reflect long-term growth expectations.
“Three Years” as an Option for Time, Not Just a Bonus
In an environment of high interest rates in KGS, the cost of capital becomes a decisive factor for investments. The most common loans for ready real estate have high interest rates — 18–22% per annum, and do not support the acquisition of properties at the construction stage (off-plan), requiring interest payments from the first month. This forces investors to incur capital costs at a time when the asset has not yet reached sufficient value to cover cash flow. Therefore, the three-year grace period on the principal and interest in Royal Central Park is not just a bonus but a strategic option for time, allowing the investor to control the asset with only 30% equity and almost not pay for the cost of capital during periods of maximum growth.
Option for Time: Fixing the Price Now
The three-year grace period provides an opportunity to fix the price at a level when Bishkek transitions into the reevaluation phase. The established price before the widespread acceptance of the new price level in the market creates a significant safety margin and enhances the investment advantage.
Exemption from Holding Costs at a Key Moment
The second option lies in eliminating holding costs during periods of active growth. In the first three years, the investor does not feel the pressure from debt servicing costs. This is especially critical in an environment of high interest rates, where early capital costs can force investors to sell assets prematurely or reduce expected returns. In Royal Central Park, the investor can maintain a full position at the moment when the asset accumulates value, preserving cash flow and enhancing investment efficiency.
Multifunctional complex Royal Central Park in Bishkek
Financial Structure Easing Debt Obligations
The third option is that at the time of starting to fulfill financial obligations, the loan-to-value (LTV) ratio becomes more favorable. As real estate is reevaluated at market prices, the debt relative to the asset becomes “lighter,” providing more opportunities for financial flexibility — from refinancing to optimizing cash flow. This distinction between passive and strategic credit leverage: the former requires immediate interest payments, while the latter allows using debt at optimal moments, paying for its cost only after asset prices increase.
Professional Investor: Three Years is a Time Lag for Optimizing IRR.
The three-year grace period creates an important time lag for optimizing the internal rate of return. With a high financial leverage of 70% and no pressure on cash flows in the first three years, the investor has the opportunity to wait for price increases within the market cycle, considering selling at the peak of reevaluation or continuing to hold the asset until operational value and rental income become more attractive. The IRR is not diluted by capital costs at early stages when the asset's value accumulates most intensively (according to World Bank Urban 2024).
Time, Interest Rate, and Financial Structure — Three Key Factors for Success
In real estate investments, especially in markets undergoing reevaluation like Bishkek, maximum profit is formed at moments when the market adopts future expectations, not just upon project completion. Data from the National Statistical Committee of the Kyrgyz Republic shows that GDP in 2024 increased by more than 11.5%, and in the first 11 months of 2025, it also demonstrated growth of over 10%, creating conditions for a phase of real estate price reevaluation. In an environment of high interest rates, as noted by the National Bank of the Kyrgyz Republic, early payment of capital costs can significantly reduce the investor's IRR. The credit program of Royal Central Park directly addresses this issue: it does not lower the nominal interest rate but creates a temporary financial structure that allows the investor to maintain a position during growth without losing efficiency due to capital costs. This is key to using only 30% of personal capital to control 100% of the asset and optimizing the advantages of the market growth cycle.
Royal Central Park and the 5 towers of the Essence phase — on sale from January 2026.
Royal Central Park is the first all-in-one format project in Bishkek, providing sustainable investment value. With its unique financial structure, investors can fix prices at the current level, maintain positions during critical growth periods, and optimize the internal rate of return while controlling capital costs in a high-interest-rate environment. This combination of a comprehensive residential product and a strategic investment tool allows for realizing the potential and growth opportunities in the real estate market of Bishkek.
