New luxury residential development, 18% renal yields, great investment opportunities.

London, United Kingdom, January 11, 2006 --(PR.com)-- Asia Pacific Investment Partners in cooperation with Mongolian Properties announced today the launch of The Regency Residence, a luxury residential condominium complex in Ulaanbaatar, Mongolia. (www.mongolia-realestate.com).

LEE CASHELL BOUNCES his four-wheel-drive to a stop on a roadless saddle between two lush green hills about an hour northwest of Ulan Bator. "Here it is," announces the American entrepreneur. "Mongolian Resorts!"
Cashell envisions the first luxury resort in this Central Asian nation: 20 upscale gers - traditional circular felt huts - encircling a log lodge with pool and spa.
Right now there is nothing but grass and yaks stretching to the horizon, but Cashell sees glass-walled villas rising up on the nearby rock formations. He’s confident he can open by next May, in part because Mongolia Resorts is backed by Uncle Sam.

It’s not for the fainthearted, but Mongolia with its massive housing drive is attempting to woo overseas property investors. Ginetta Vedrickas reports from Ulaanbaatar.
Wherever you go in the world, it’s the same old story - if anywhere is worth investing in then chances are that Irish buyers will be in there first. Always at the forefront of any market, the Irish investor is renowned as a canny customer who sees the risk and, when the rewards are high, is more than prepared to take it.