Amidst discussions of Mongolian recovery, questions arise as to its implications for the luxury real estate market. Standing next to the Zaisan Monument, overlooking Ulaanbaatar, a casual observer could be forgiven for thinking there is a flurry of activity - perhaps even oversupply. But in this city where explosive growth gave way to recession, most schemes stand little chance of completion, at least in the meantime. The debt market - known for cripplingly high interest rates - has arrested development, placing a premium on newly completed stock in the city centre.
World-renowned real estate consultancy Voodoo Associates, and interior design company Rive Gauche, collaborated to create the Olympic Residence.
Proximity to parks and green spaces has long been associated with increased property prices. Such spaces are determined by economists to have “hedonic value”. An early example of appreciation of the value of land surrounding green space is Regents’ Park. Constructed in London in the early 1800s with residences both inside and surrounding it, the park’s planners aimed to raise funds for the royal family by selling the park-side homes for a premium.
At Mongolian Properties we are pleased to introduce you to our project- The Oasis Galleria. We have a track record in building successful real estate projects in Ulaanbaatar, Mongolia.
The Olympic Residence is a luxury condominium project located in the Embassy district, which will feature penthouses with terraces, separate entrances for residential and retail spaces, concierge service, an attended lobby, security, underground parking and luxury retail and entertainment space.
As one of the most promising and anticipated projects, The Village @ Nukht is an award-winning, western style mixed-used development offering an assortment of retail and leisure related activities.
The Olympic Residence is a luxury condominium project located in the Central Business District, which will feature luxury penthouses with terraces, separate entrances for residential and retail spaces, concierge service, an attended lobby, security, underground parking and luxury retail and entertainment space.
In 2010, APIP completed its fourth development: the Regency Residence. The Residence provides 15 floors consisting of 104 luxury apartments and three floors of mixed-use retail and commercial space that contains two restaurants, a play area for children, a supermarket, a gym, the Group's main offices, other office space, a dry cleaner and underground parking facilities.
Asia Pacific Investment Partners is a research-driven emerging and frontier markets real estate platform with a strong property development track record in Mongolia.
Mongolian Properties is the oldest, largest, and most reputable Mongolian real estate agent. We are a real estate intermedeiary and advisory firm offering agency, representation, property, management, property valuations, interior design, furnishing and financial intermediation services.
