The Olympic Residence, Ulaanbaatar, Mongolia : Launch

The Olympic Residence will stand out as an iconic building on the Ulaanbaatar skyline, at 18 storeys high it will be the tallest building in Mongolia’s capital city. The building will contain over 100 apartments varying from 85sqm apartments to 6 bedroom 460 sqm penthouses, all finished to a high standard. As well as the residential units the development will also house a shopping centre, restaurants and a food court that will entice the residence of Ulaanbaatar. The Olympic is ideally located in the city centre overlooking the beautiful central park, in the embassy district and next to the Hilton hotel (currently under development). Whilst the Hilton will provide the business travellers ideal night-stop-overs, The Olympic will be the residence of choice for all those ambassadors and executives based in the country looking for a western-standard accommodation. Directly behind The Olympic are the embassy and main shopping districts as well as monuments of interest such as the Memorial Museum and the National Theatre.

• The Olympic has a tranquil position in the city centre overlooking the park, and will offer the highest-quality standards of living and recreational facilities in the in the capital city.
• Apartments available from €111,000 ~ £87,600
• Based on the current rental rates the apartments should generate a net yield of at least 10%.
• Land shortages in Ulaanbaatar have created huge demand for housing, it is estimated that the capital requires up to 4,000 houses per year
• GDP growth of 9.9% in 2007
• Major international oil & mining companies such as BHP, Ivanhoe and Rio Tinto are opening up operations - the mining industry now employs 40,000 people
• Land shortages in Ulaanbaatar have created huge demand for housing, it is estimated that the capital requires up to 4,000 houses per year

To be one of the first in line to invest in this emerging market opportunity

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