Construction industry: Impasse and a way out 2016-05-11 11:26

Mongolia’s real estate market today resembles a toddler. Thousands of apartments and other buildings in Ulaanbaatar do not meet the basic requirements of modern urban planning and they lack good infrastructure. The buildings start falling apart and losing their appeal even before they are co..


Loan interest rates for 3085 citizens lowered 2016-03-17 16:03

As of the 15th of this month, the eight percent interest rate mortgage loans are to be newly issued for almost 700 citizens. According to the Bank of Mongolia, it was decided that loans amounting to MNT 43.1 billion would be granted to these people. Five percent interest rate mortgage loans amoun..


Real Estate Sector Waiting on Demand 2015-09-11 16:49

By G.Orkhon Trends in the real sector were highlighted in this year’s "Invest Mongolia" conference held for the 9th consecutive year. Director of Asia Pacific Investment Partner, B.Tsendsuren, noted in his presentation that despite the country’s economic worries, companies a..


T.Gerelt-Od: The Number of Organisations in the Quota Has Exceeded the Number of Apartments 2015-09-09 12:58

By G.Orkhon   People wishing to make reservations for Buyant Ukhaa-2 town are lining up outside the State Housing Corporation as orders for the residential area are being taken today. We sat down with the head of the Marketing and Sales Department of the State Housing Corporation, T.Gerelt-..


Prices of older apartments to decline 2015-05-13 14:55

Monetary circulation and the velocity of cash and other liquid assets among public has weakened, and real estate purchases are likely to decline as banks are also decreasing lending. The real estate company "Tenkhleg Zuuch" has revealed its research into prices in April of this year. Acc..


Eight percent mortgage loan update 2015-01-21 14:46

70 percent of net construction investments issued by the Central Bank of Mongolia have been allocated to housing mortgage loans at 8 percent. In addition, the bank has given funding to 71 economic entities operating in construction material manufacturing.   The implementation of the Ipotek ..


Land Ownership Deadline Passed 2014-08-15 17:35

Today at noon marked the deadline for citizens to submit land ownership requests after receiving applications for 15 days. The government declared 14,954 available spots, but in total, they received 281,400 requests. After the closing of the selection process, the government will post information ..