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Regency Residence 1 Badroom Apartments
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About this 1 - Flat |
• 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 now setup; BHP, Rio Tinto, Ivanhoe & Centerra Gold, all bringing in large numbers of executives
• Mining executives & ambassadors (embassies & consulates) creating enormous demand on high-grade accommodation
• Enormous demand & minimal supply; yields greater than20% ($16/sqm/month) with real estate appreciation growth rates at a steady 20%greater than 30% per annum
• Regency Residence in prime city centre park-side location, by main strip & Embassy buildings. Regency Residence letting contracts to house mining executives.
• Combination of residential and commercial space, with Montessori school, health club, office space etc. Furniture packs available.
• 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 greater than 20,000. With a rapidly growing China middle-class next door, demand for minerals, specifically copper, coal and oil, has created enormous demand and an ensuing wave of entrepreneurialism and rapidly growing business in Mongolia. There is now a rapidly emerging middle class in Mongolia also. With global mining companies such as BHP, Invahoe & Rio Tinto now opening operations, demand on 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 skyhigh and competition is aggressive. Yields have been at 30%, with rapidly appreciating land value & also salaries, rents continues to rise with yields still very high greater than 20%, making investment a must! The Regency developer has contracts to house a large number of mining company executives, ensuring a maximum annual return for your investment, whilst growth continues fast.
Location
Ulaan Baatar is now a thriving city, with mainly commercial development occurring over the past few years, sufficient stock is now available. The same can not be said of residential stock. The Regency Residence is located carefully in the very city centre, next to the central park, alongside the embassies and consulates, by the new Shangri-La hotel and just next to the main shopping and leisure strip. Mining executives living within Ulaan Baatar always work and choose to reside around the middle, although right now most are forced in to sub-standard hotels. The Regency Residence will provide desperately needed western-standard accommodation for all these executives, exactly where they will want it, and tenancy contracts are already in place. A minor consideration is the booming tourism industry in Mongolia, however this factor is minor compared to the huge shortage of quality living accommodation.
The Properties
Developed by Mongolia Properties, with over 250 employees in Mongolia ranging from property management to letting agent firms, and with very solid connections to the planning department, the Regency Residence is providing exactly the right housing to the market. With mixed use, commercial space, a health club, spa, Montessori school and large family-styled apartments (most executives like to have offices in their apartments in Ulaan Baatar) the Regency will be under huge demand. With good connections in Beijing, various interior design and furnishing packages will be available to investors. Regency Residence faces south, all apartments with balconies looking toward the prime view mountains, facing away from the cool winds from the North.
Prices
1-bed apartments, 63sqm, from ~ £33k
2-bed apartments, 97sqm, from ~ £55k
3-bed apartments, 130sqm, from ~ £72k
Payment Schedule
Payments will be requested according to construction progression, only following construction status sign-off by an independent quantity surveyor. With high interest rates, this is a cash purchase,the estimated payment dates being as follows;
• 30% on reservation and signing of contract
• 15% ~ September 2007 (QS sign-off 1)
• 15% ~ Dec 2007 (QS sign-off 2)
• 15% ~ Feb 2008 (QS sign-off 3)
• 25% ~ Completion June 2008
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| City/Town: |
Ulaan Baatar |
| Address of Property: |
Mongolia |
| Postcode/Zip: |
0000 [map] |
| Bedrooms: |
1 |
| Reception Rooms: |
1 |
| Bathrooms: |
1 |
| Type of Property: |
Flat |
| Price: |
GBP 33000.00 [convert] |
Features |
| Central Heating: |
None |
| Burglar Alarm: |
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| Parking Facilities: |
Off Street |
| Gardens: |
Front & Rear |
| Double Glazed: |
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| Near Shops: |
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| Near School : |
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| Loft: |
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| Utility Room: |
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| Patio: |
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Extra Features |
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Area Information |
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Contact Information |
| Email Seller: |
Email Seller |
| Contact person: |
Property Frontiers |
| Advertiser Type : |
Private Seller |
| Phone: |
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| Sellers City, County : |
Oxford 0044 (0)1865 20 27 00 |
| URL: |
102 - 104 St. Aldates |
| Map: |
View property location |
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See other listings by this user (0) |
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| Additional photos
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| Loan |
Typical APR |
| Moneyback Bank Loan |
7.6% |
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| Alliance & Leicester Personal Loan |
7.7% |
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| Bank of Scotland Personal Loan (Semi-exclusive) |
7.7% |
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| Halifax Personal Loan (Semi-exclusive) |
7.7% |
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| Barclaycard Personal Loan |
7.8% |
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