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Key Features
* VERY HIGH YIELDS < 13% ($16/sqm/month) with very high real estate appreciation currently 30%+ per annum
* Commodity rich country; copper, coal, gold & unexplored oil reserves. Economy thriving, exporting to China, GDP 10%+. Domestic wealth RAPIDLY increasing.
* World’s major oil & mining companies; BHP, Rio Tinto, Ivanhoe & Centerra Gold, all delivering large numbers of executives with excess demand for high-end accommodation
* Mining executives & ambassadors (embassies & consulates) creating enormous demand squeeze on luxury high-grade city centre accommodation
* The Temple is in prime city centre location, between the Main Library, the Memorial Museum and the National Theatre, with views over Ulaan Baatar’s Central Park
* The Temple is a combination of residential and commercial space, offering retail and office space on the lower floors with residential higher up for enjoyable private views
* Clean title, secure freehold ownership & diligent planning regulation processes
Description
Mongolia is a country rich in natural resources, minerals and ores. With a population of only 2.5m, over 1m live in the Country’s capital, Ulaan Baatar, whilst the remainder of the population are mainly dispersed in small communities < 20,000. The growth of neighbouring China has created an enormous demand for minerals such as copper, coal and oil, which has fuelled a rapid growth in entrepreneurial business in Mongolia. With global mining companies such as BHP, Invahoe & Rio Tinto now opening operations, demand for high quality accommodation from both high profile executives & ambassadors in Ulaan Baatar is at an all time high. With very little high grade accommodation, and limited supply due to strict planning regulations, demand is sky-high and competition is aggressive. Rapidly appreciating land values, increasing salaries and a huge demand for good quality accommodation continue to drive rents upwards, with yields
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