158,959.46 EUR Apartment Sell Mongolia
- Price158,959.46 EUR
- Part of cityNot specified
- Floor size0.0
Executive expatriates and wealthy Mongolians. These two groups are demanding contemporary, luxury apartments in an urban setting. The lack of luxury apartments to satisfy their demand makes it an excellent time to invest in the Olympic Residence. The Olympic Residence will be the most luxurious residence in the heart of Ulaanbaatar. With prime location in the Embassy District, the Olympic will overlook the Central Park of the city. The residence will be in good company, nestled between two five-star hotels, The Hilton and the Shangri La Hotel. It will also command breathtaking views of the Boghd Khan mountain range to the south. Within walking distance of the most popular cafes and luxury retail stores in Ulaanbaatar, the Olympic will define the new metropolitan lifestyle that is fast developing in this vibrant capital city. Mongolia is starting to draw the attention of many savvy investors. As mining operations begin on the largest untapped gold and copper reserve in the world many business analysts and experts have forecasted double digit GDP growth. With increased economic activity, Ulaanbaatar is expected to attract even more multinational corporations and continue to create a more affluent class of Mongolians. Many predict that this will cause demand for luxury apartments to continue to outpace the limited supply in a city where rental yields often reach shocking levels of 18%.