When we write about the potential for rental yields in Ulaanbaatar, we offer point to the large (and growing) expat community. Our narrative is that foreigners seek prime units, and though there has been no shortage of new commissions, there is a lack of actual delivery. These people, often transient, work in specialist roles, and have large housing packages, underpinned by even larger corporates.
As any businessperson in Mongolia will tell you, the country’s economy is driven by mining and foreign investment. Foreign Direct Investment (FDI) is so important that the GDP growth has risen and fallen largely with the rise and fall of FDI. Even during the 2008 global financial crisis, GDP growth recovered fairly quickly because FDI did not drop too much.
Xi Jinping has declared war on pollution, and he means it. Thirty years of heavy industrialisation has made the environment a hugely salient political issue. Despite being chastised as one of the worst environmental offenders, China is quietly undergoing a green revolution.
At first glance, the coal rich lands of Mongolia might not seem to be a natural home to a renewables revolution. Yet, despite the country's economic reliance on its vast coal fields, or perhaps because of it, the Government of Mongolia is aggressively pursuing clean energy sources.
Asia pacific investment partners
GDP per capita - Hong Kong
GDP - Japan
Rent - Hong Kong
Foreign Visitors to Niseko
Foreign Hotel Guest in Hokkaido
Residential Prices - Hong Kong