The sphere of possible investment has gradually widened, to include destinations such as Egypt, Dubai, Malaysia, and now, heading even further east, Mongolia.

Mongolia might not, at first glance, seem to be an obvious place in which to purchase property. However, recent developments in the region have made Mongolia, and its capital Ulaan Baatar, more appealing to would-be buyers.

For a start, Mongolia is a country rich in natural resources. The growth of neighbouring China has created an enormous demand for minerals such as copper, coal and oil, which in turn has fuelled a rapid growth in entrepreneurial business in Mongolia.

Global mining companies such as BHP, Invahoe and Rio Tinto are now opening operations in Mongolia. As such, demand for high quality accommodation from executives in Ulaan Baatar is at an all time high. There has, until recently, been relatively little highgrade accommodation built to meet these needs. Reflecting this dearth of supply, land values are appreciating, and increasing salaries are pushing up rents.

The Regency Residence is being constructed to meet Ulaan Baatar's growing needs. The developer has contracts to house a large number of mining company executives, thus ensuring a maximum annual return for your investment.

The Regency Residence is located in the city centre, next to the central park, alongside the embassies and consulates. It is by the new Shangri-La hotel and adjacent to the main shopping and leisure strip.

The properties are mixed use, having a commercial space, a health club, spa, Montessori school and large family-styled apartments. With good connections in Beijing, various interior design and furnishing packages will be available to investors. The Residence faces south and all apartments with balconies enjoy prime mountain views and are shielded from the cool North winds.

Payments will be requested according to construction progression, and only following construction status sign-off by an independent quantity surveyor. Buyers receive a clean title and secure freehold ownership. Prices range from £33,000 for a one-bed apartment (63sqm), to £55,000 for a two-bed apartment (97sqm), and up to £72,000 for a three-bed apartment (130sqm).

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Article first published 15 March 2007