The process of urbanisation globally is undeniable and irreversible. According to McKinsey, the world’s 600 major cities will house 2bn people by 2025, or 25% of the global population. These urban centres will generate 60% of global GDP. Similarly, an April 2011 report by Frost & Sullivan, a business research and consulting firm, noted that “...
Mongolia’s retail, office and hotel segments have seen some positive developments in recent years. High-end commercial space in the capital, Ulaanbaatar, is currently valued at something of a premium. As with the residential sector, the commercial segment was badly impacted by the international economic downturn in 2009, with many projects suspended...
Urbanisation has been a major factor in shaping modern Mongolia. Recent demographic changes in the country’s four major geographical areas have stark implications for the construction sector. In 1990 the percentages of the population living in the Western Region and the Khangai Region were similar to those living in Ulaanbaatar, at 20%, 27% and 26...
A central part of Mongolia’s ambitious New Development Programme (NDP) is the “100,000 houses” project. The aim of the scheme is simple – to construct 100,000 units of affordable family housing across the country, with the majority of these – 75,000 units – being built in Ulaanbaatar. Completing this programme will likely be one of the most...
Thanks to rapid economic growth and the unleashing of rising demand, Mongolia’s real estate sector is currently experiencing something of a comeback. Centred on and dominated by Ulaanbaatar, the market has experienced a strong growth in activity as well as yields in 2010-11, with the expectation that this expansion will continue into 2012.
With surging economic growth and a substantial amount of pent-up demand, Mongolia offers a wide range of opportunities for construction firms and investors. Indeed, figures from the third quarter of 2011 showed the sector expanding by a staggering 67% year-on-year (y-o-y) by value, up from 38% y-o-y growth in the second quarter. A wide variety of...
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