Private & Confidential

Trends and Dynamics of the Real Estate Market in UB

Private & Confidential

Real Estate Growth

-60%

-40%

-20%

0%

20%

40%

60%

80%

2007 2008 2009 2010 2011 2012 2013 2014Pri

ce In

cre

ase

%

Mongolia vs. Emerging Country Real Estate Markets

Global Emerging Markets Asian Emerging Markets Mongolia property price per sqm

Private & Confidential

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

0

0.02

0.04

0.06

0.08

0.1

0.12

0.14

0.16

Luxury Residential Price & Yield Ranking, 2013 Title

Luxury residential price US$/sqm

Yield

Residential

Private & Confidential

2013. 06 2013. 07 2013. 08 2013. 09 2013. 10 2013. 11

-

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

Central Bank and Government Subsidized Mortgage Pool Status

Total Pool from Chinggis Bond (Source: Oxford Business Group)

Accumulated(Outstanding) Subsidized Mortgage Balance (Source: Central Bank of Mongolia)

Mortgage Policy

Private & Confidential

Rising Incomes

0

100

200

300

400

500

600

700

800

20

04

1/4

20

04

2/4

20

04

3/4

20

04

4/4

20

05

1/4

20

05

2/4

20

05

3/4

20

05

4/4

20

06

1/4

20

06

2/4

20

06

3/4

20

06

4/4

20

07

1/4

20

07

2/4

20

07

3/4

20

07

4/4

20

08

1/4

20

08

2/4

20

08

3/4

20

08

4/4

20

09

1/4

20

09

2/4

20

09

3/4

20

09

4/4

20

10

1/4

20

10

2/4

20

10

3/4

20

10

4/4

20

11

1/4

20

11

2/4

20

11

3/4

20

11

4/4

20

12

1/4

20

12

2/4

20

12

3/4

20

12

4/4

20

13

1/4

Average Monthly Wage (thousand MNT)

Private & Confidential

Retail Space

0

20

40

60

80

100

120

Nukht Valley Ulaanbaatar CBD Downtown Jakarta Downtown Hanoi

Co

st/s

qm

US$

Average Monthly Retail Rental

UB Khan Uul

Private & Confidential

Government Masterplan 2020

Center of city

Sub Center of city

Center of district

Center of location

Private & Confidential

Zaisan

Private & Confidential

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