Olympic Residence Mongolia - Mongolian Properties

THE RESIDENCE

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. The development will have residential GSA of approximately 27,500 sqm and commercial GSA of approximately 5,215 sqm at the base of the building, and will feature 99 luxury apartments, four floors of luxury retail space and two floors of underground parking. Currently, the exterior of the development has been completed, interior construction is on-going, and the project has received all permissions necessary to complete the development, including permission to connect to the Ulaanbaatar heating grid. The project is completed in 2018.

LOCATION

The Olympic Residence is strategically positioned in central Ulaanbaatar within the Embassy district. It is located in front of the recently renovated Central Park (Children’s Park), with easy access to Peace Avenue (Ulaanbaatar’s main street), Sukhbaatar Square, and the Central Business District. With the adjacent Shangri-La Hotel, the Olympic Residence will be situated in the most high-end neighborhood in the city. The site also benefits from unspoiled views of the Bogd Khan Mountain Range to the South and downtown Ulaanbaatar to the North, offering unparalleled scenery in every direction. The scheme’s prime location makes it a unique investment opportunity. The Olympic Residence is a highly visible, premier mixed-used complex within Ulaanbaatar’s Central Business District.

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THE DEVELOPER

Mongolian Properties is a research-driven emerging and frontier markets real estate company with a strong track record in Mongolia. As of 30 June 2016, the group had completed development of approximately 47,000 sqm in GFA of real estate across five developments. The group currently has approximately 38,000 sqm in GFA under construction on one site.

This developer has won several awards for its developments:

2010 Best Architecture in Mongolia for Regency Residence
2012 Best Construction Company in Mongolia for Mongolian Properties Construction Corporation
2013-14 Highly Commended Real Estate Agency Mongolia awarded by Asia Pacific Property Awards Development for Mongolian Properties
2013-14 Highly Commended Retail Development Mongolia awarded by Asia Pacific Property Awards Development for Village @ Nukht
2013-14 Highly Commended Mixed-Use Development Mongolia awarded by Asia Pacific Property Awards Development for the Olympic Residence
2014 Mongolian Best Company awarded by Mongolian Business Association for Mongolian Properties
2015 Best Real Estate Agency in 2010-2015 award given by Forbes Magazine for Mongolian Properties
2016 Entrepreneur in Real Estate Industry award given by Mongolian National Chamber of Commerce and Industry for Mongolian Properties
2017 Best Apartment Development awarded by PropertyGuru Asia Property Awards Mongolia for the Olympic Residence

Park Place

Oasis Residence

Circus Residence

Village @ Nukht

Regency Residence

Temple View Residence

Park View Residence

Mon House Residence

DESIGN

World-renowned real estate consultancy Voodoo Associates, and interior design company Rive Gauche, collaborated to create the Olympic Residence.

With over 20 years of experience designing retail, hospitality, sport & entertainment and mixed use commercial properties in Asia, Russia and Europe, Voodoo brings its expertise to the Residence. Voodoo has a presence in China and Belgium, and is one of Eurasia’s leading real estate consultancies.

Rive Gauche is the inheritor of generations of visionaries whose careers spanned South America and Europe. Having previously collaborated with APIP on the design of the Village @ Nukht, Rive Gauche is familiar with Ulaanbaatar’s real estate market and has tailored its service to precisely meet the aesthetic demands of the market.