About Mon House Residence
The Group completed its first residential development project, Mon House Residence, centrally located in Ulaanbaatar, with 12 floors of 48 luxury apartments, in 2005. After taking management and operational control of another party’s development project where construction had stalled due to poor planning and a lack of sufficient development financing, the Group re-designed and re-configured the development and obtained financing to complete the project through pre-sales of a number of the units. The Group then achieved rapid sales of the remaining residential units due to the development’s high quality design and finishings, security and underground parking compared to other housing options in Mongolia at the time.
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