Project activities in Kurzeme region Kick-off Meeting 17.04.2013, Sigulda, Latvia.
17.04.2013 Mongolian properties and real estate report 2013, Lee Cashell
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Transcript of 17.04.2013 Mongolian properties and real estate report 2013, Lee Cashell
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*Sources: Mongolian Properties, Hindustan Times
Real Estate in Emerging Markets: Historical Rental Yields
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Mongolian Properties Monthly Revenues
Cyclical nature of revenue sees increased property sales during the summer months
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Supply Constraints + Expanding Demand = Rising Prices
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A Broad View: The City of Ulaanbaatar
Ulaanbaatar is Expanding Outward
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Accommodation in Ulaanbaatar
Residential Market
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Residential Market
Ulaanbaatar Averages
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The Olympic Residence
13% Rental Yield Prime Location in the CBD US$3,500 psm
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Residential Price Projections (US$ Per Square Meter)
66% Increase 2012-2014
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250% increase in consumer spending over the last 5 years
Real incomes growing at 10% per annum
27% increase in registered businesses year-on-year between 2009-2010
Recently upgraded from a low to a middle income country
Retail Market
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Demand for Luxury Goods ‘Aspirational Consumerism’
Source: World Bank
Consumer Spending Growth Drives Demand
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1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
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Demand for Luxury Goods ‘Aspirational Consumerism’
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Zaisan Valley
2009 2010
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Nukht Valley
2013 Future?
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The Village at Nukht
14% Rental Yield
Strategic position in
Nukht Valley
$2,500 psm
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Macro-Trends: Past and Future
Sources: World Bank WDI, IMF WEO, Mongolian NSO, Mongolian FIFTA
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Mortgage Market: Past and Future
Sources: World Bank WDI, IMF WEO, Mongolian NSO, Mongolian FIFTA
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Retail Price Projections (Per Square Meter)
50% Increase 2012-2014
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Commercial Market
Limited Grade A Office Space in CBD More and More International Firms Opening Offices in Ulaanbaatar
Pollution and Infrastructure Drives Demand for Alternative Office Space
New, Rapidly Growing Companies
New, Rapidly Growing Companies
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Conclusion: Sustained Growth in the Medium Term
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For more information please visit www.invest-mongolia.com
www.invest-mongolia.com