Mongolia shares many things in common with its Central Asian neighbours. They have similar histories, especially during the 20th century Soviet era, as well as similar natural conditions and resources. The latest similarity between Mongolia and other Central Asian countries is its good investment potential. 

Like Kazakhstan, Mongolia has a high level of foreign investment in natural resource extraction. However, Mongolia did not start to develop economically as early as Kazakhstan did, and unlike Kazakhstan, did not borrow heavily and so suffer from the sub-prime crisis. Therefore, Mongolia's economy is still growing, while Kazakhstan's has taken a downturn. 

Mongolia is ranked number 59 in the Forbes list of Best Countries for Business, compiled 26/06/08. With 9.9% GDP growth, Mongolia is obviously making efforts to expand its participation in the Asian, and world, economy and trade regimes. They joined the World Trade Organisation in 1997.

Since the dismantling of the USSR, Mongolia has striven to build up its own, independent market. With the overnight cutting off of Soviet assistance, coupled with some natural disasters at the start of the millennium, it has been a struggle, but through extensive reforms, privatisation and free-market economics, Mongolia has succeeded and is now in a very strong growth phase.

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.