Royal Central Park — A Reliable Legal Foundation and Growth Potential in a New Phase

Виктор Сизов • 04.02.2026, 13:44 • Local news

With the emergence of an active stage of reassessment in the real estate market of Bishkek, the Royal Central Park project stands out among others due to its full legal compliance, which is a guarantee of sustainable development of high-rise urban real estate.

The project has successfully completed the process of formalizing all necessary legal documents, including the approval of urban planning and architectural documentation and obtaining a planning conclusion (PC), which defines the parameters for land use and is issued by the relevant authority of Bishkek. In addition, financial obligations have been met and legal procedures concerning land rights have been completed in accordance with current laws.

Visualization of the multifunctional sports ground and musical fountain of Royal Central Park — launch scheduled for September 2026

As a result of the above, two high-rise buildings Atlas (Y2) and Lyra (Y3), located in the subzone The Essence, have been granted building permits that fully comply with established urban planning standards. These permits are registered and confirmed in the state management system using a QR code, allowing for easy verification of their legality and relevance at all stages of project implementation, including construction and state supervision. (1)

The landscaped garden of the The Essence phase — a large urban complex of Royal Central Park

In addition to complying with general legal requirements, the project also meets specific criteria for high-rise buildings, such as:

connection to engineering networks;

ensuring structural safety;

compliance with fire safety standards;

organization of transport accessibility;

long-term comprehensive operation.

These conditions are necessary for the legal and safe implementation of large urban projects in Bishkek. Such a reliable legal foundation creates an important condition: investors can focus on financial efficiency and cycle strategy, without worrying about legal risks inherent in emerging markets.

When investing in real estate, income is generated not only from a "correct purchase" but also from the ability to hold the asset for the necessary time within the framework of the correct growth cycle. In conditions where the Bishkek market is entering a new growth phase, the main task for investors becomes not the question of "whether to buy," but how to enter the cycle as safely and effectively as possible.

All-season pool of the The Essence phase

THREE-YEAR GRACE PERIOD — "OPTION FOR TIME" WITHIN THE GROWTH CYCLE

Royal Central Park is developing at a time when the Bishkek market is entering a growth phase; however, the high cost of capital makes it difficult for many investors, even with the correct assessment, to hold investments long enough to realize the full effect of price growth. Therefore, the project was initially conceived not for quick sales, but as a financial structure, where financial policy plays a key role.

Instead of shifting the financial burden onto investors in the early years — when the property is still under construction, does not generate income, and the market has not revealed the asset's value — Royal Central Park has prepared a financial package in advance that synchronizes the start of expenses with the period of value growth.

In practice, many investors in Bishkek do not remain in the market not due to a lack of faith in it, but due to the need to bear capital costs in the first years, when the asset is not yet ready for operation. The project addresses this financial knot.

The credit package is not intended to simplify short-term purchases, but is aimed at readjusting the capital servicing schedule according to the asset's growth rates. The three-year grace period effectively creates a valuable "option for time", allowing the investor to:

lock in the current price during the growth and reassessment phase of the market;

completely exclude capital costs during the income-free phase;

defer financial obligations to the moment when the asset has matured, the apartment is ready, the value has increased, and the opportunities for flexible use or exit have expanded.

Financial conditions of the project:

the possibility of attracting up to 70% of the apartment's value with personal funds starting from 30%;

loan term up to 15 years;

grace period for repayment of both principal and interest during the first three years;

all interest during the grace period is paid by the developer RCA Living;

early repayment without penalties; the future apartment serves as collateral.

The essence of the structure is not in the term "three years," but in the financial value of time: for experienced investors, this is an asset that provides a competitive advantage in a critical growth phase.

Interior of an apartment in the Lyra (Y3) building, The Essence phase

THE RIGHT CYCLE — BUT MANY INVESTORS USE INAPPROPRIATE TOOLS

The Bishkek market demonstrates a paradox:

fundamental factors such as urbanization, growing demand for quality housing, and limited supply create a foundation for a sustainable growth cycle;

high interest rates on KGS remain a barrier for investors.

Mortgage and investment loans often have rates in the range of 18-22% per annum, do not support properties under construction, and interest is charged from the first month, without financial buffers.

Thus, the cost of capital arises at a time when the asset is still not ready and does not generate income, which reduces the internal rate of return (IRR). The problem is not in the market growth, but in the ability to maintain positions without allowing capital costs to undermine investment efficiency.

FIRST PRICE GROWTH — THEN COST OF CAPITAL: THE BASIS OF THE INVESTMENT STRATEGY

The credit policy of Royal Central Park allows to maintain positions in a critical growth phase, and capital is serviced only when the asset's value becomes sufficient.

The project is not intended for short-term speculation, but is aimed at investors who understand: the right market creates opportunities, and the right financial structure determines who can remain in the market until the end of the cycle.