Completed in 2007, APIP took over management of a stalled development project to complete its first mixed-use development, the Park View Residence. The Group was able to utilise strong pre-sales to finance development of the project. Park View Residence featured high quality interior finishings and brand name white goods, and the Directors believe it was one of the first real estate developments in Mongolia in which the interior was designed by an international architect. The Park View Residence is located in Ulaanbaatar’s Embassy District and consists of 31 luxury apartments and three floors of mixed-use commercial and office space.
High yielding residential investment, let to major international company in one of UB's most popular residential buildings.
Mongolian Properties is pleased to offer a prime investment in the Park View Residence, one of the most popular apartment buildings in Ulaanbaatar. Completed in 2007, and designed by international architects, it comprises of 31 apartments located in the city's Embassy District. Park View is a favored address for upper middle class Mongolians and expatriate professionals.
For more information about this unique opportunity or discuss alternative investments with Mongolian Properties please contact:
• Asking Price: US$300,000
• US$24,000 annual rent
• 10% gross yield (excl. management fees & tax)
• 8% net yield (excl. management fees & tax)
• 7 year corporate lease to Rio Tinto
• Strong potential rental growth and capital appreciation
• Major international investment into the country’s largest mining project, Oyu Tolgoi, approved