Real Estate for Sale: Sukhbaatar District, Mongolia, The Regency Residence - Olympic Street, 16

Asking Price: $100,000
Location: Olympic Street, 16
City: Ulaanbaatar
State/Province: Sukhbaatar District
Country: Mongolia
Type: Lot

Following the recent discovery of gold and large amounts of minerals, Mongolia’s economy has developed and grown enormously over the past few years and this it is expected to keep growing at phenomenal rate.
The property and real estate market in Ulaanbaatar is thriving, demand far exceeds supply.
In the heart of the city lies the embassy district, beating anew with exciting developments, landscaping and clean air while offering the best views of the mountains and easy access to the central business district. In the heart of it will be our latest and most exciting development.
I am pleased and honoured to present to you the Regency Residence project in Ulaanbaatar.
The Regency Residence will be the most luxurious and unique property in Mongolia upon its completion at the end of 2007.
The improvements embody so much of what you would expect from a luxury residential complex, including intelligent design with high speed internet access, open spaces for time with family and friends, new places to dine and shop, and a heightened level of customer service.
It will feature restaurants, shops, a gym and sauna, reception and concierge services as well as a children’s playground area.
The Regency Residence will consist of 97 luxury apartments and penthouses spread over 13 floors.
The interior design of the Regency Residence will be done by Harold Thompson. With over 40 years of domestic and international luxury hotel and residential properties design experience, Harold Thompson places great emphasis upon the need to incorporate the interior design with an understanding of the building operations and their relationship to the technical disciplines.
The architects are Min Woo Architects Inc. with a thirty year history of building unique and innovative structures, Min Woo and his team of architects bring a wide array of experience drawn from structures including luxury residence buildings, resorts, office complexes, monuments and showrooms.
The privileged neighbourhood of the embassy district becomes even richer with the arrival of the Regency Residence. Unmatched privacy, incomparable service, and exquisite views combine to make this a truly remarkable place to live.
Each of the apartments and penthouses is an uncompromising exercise in excellence. Bamboo hardwood flooring flows luxuriously from one room to the next. Closet rooms abounds throughout while the finest fixtures and textures adorn every kitchen and bath.
• A number of underground garage spaces are available to buy.
• There are also a number of possibilities of purchasing office or shopping space, should you be interested in those please do contact us.
Various interior design and furnishing options will be made available as well as management of apartments for overseas investors by the Mongolian Properties Corporation.
A 3.5% agency fee is applicable on all purchases.
A 10% deposit is required upon completion of the reservation agreement. The seller thereby agrees that the purchase price upon payment of the deposit is hereafter guaranteed to be the final purchase price of the apartment.
The depositor will be entitled to 10 nights of free stay at the Serviced Apartment Section of the complex (not valid in July). Should the serviced apartments be sold to a third party, Mongolian Properties will not be responsible for the continuance of this entitlement.
The depositor will be entitled to a free Country Club Membership at the Mongolian

E-Mail: degrubenc@apipcorp.com