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Off-plan Purchase |
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With the Olympic, as well as buy-to-let, there is another more short term way to make money. With an off-plan purchase (buying before the building is completed), the price per square metre is much lower than buying after completion. Once the building is completed, Mongolian Properties can help you re-sell your apartment for a higer price. In another Mongolian Properties development, the Regency Residence, some of our early buyers are now re-selling their apartments for almost three times what they bought them for, and this is even before the building is completed. The potential for profit is enormous, and it is larger the earlier you buy.
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Rental Properties |
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 Buy-to-let is a great way to invest in any country, but here in Mongolia, it is even better. With huge demand for apartments, due to increased urbanisation amongst the native population and increased immigration linked to the mining industry, Monglia's construction companies struggle to keep up. There is especially a lack of luxury apartments, and as disposable income increases and more foreign mining execs arrive, luxury is what is required. Although Mongolia has one of the lowest population densities overall of any country, it actually has one of the highest population densities relative to apartment space.
All of these factors mean Mongolia's rental yields are by far the highest in Asia, at between 16% and 18%. Real Estate Investment Trust yields here are more than double those in the USA, where REITs are increasingly seen as the last security to offer reasonable yields.
The Olympic Residence fits the needs of both the new group of wealthy Mongolians resulting from the country's economic boom, and the needs of foreign minig workers, who want accommodation in a quiet location, with good security, but near the entertainment areas and their jobs. With 5-7000 new immigrants set to arrive in the next three years, demand is not going to slow down any time soon.
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Investing in Mongolia 
