The Olympic Residence Sales team has just sold its 30th penthouse and apartment. The team at APIP is delighted with current sales progress, with reservations still coming in fast from abroad, and domestic demand expected to keep increasing as construction gets under way.

With construction expected to take 30 months in total, it is a show of the strength of the Mongolian Real Estate market that units are already selling out fast. A lack of supply in the market coupled with very strong demand, both from foreign investors and domestic end buyers, means that buyers have to buy in the earliest stages of developments, not only to secure a cheaper price but also to secure a unit at all. As banks are increasingly dropping the rates on savings and property prices keep climbing, there is a lack of people willing to resale their properties as they prefer to hold them as increasingly valuable savings.

Despite the appearance of a lot of construction in Ulaanbaatar, the construction periods are long and the quality of the developments is usually poor. The sector of the market that is seeking a good quality building in a prime location has, up until now, often been left hungry for more. The Olympic sales are coming online at a time when demand is at its highest, and expected to keep growing.

More information is available on the Olympic by contacting our sales team on This e-mail address is being protected from spam bots, you need JavaScript enabled to view it