Rural Development Corporation
Rural Development Corporation is a real estate development firm focused on developing and commercializing residential and commercial real estate projects in the 2nd and 3rd tier cities of Mongolia. RDC is part of APIP, a leading Mongolia-focused investment firm with interests in real estate, construction, infrastructure development, tourism, and financial services. RDC is an extension of Mongolian Properties real estate development which owns the largest real estate agency and is in the top three real estate development firms in Mongolia. Mongolian Properties to date has been primarily focused on UB. RDC’s expansion of MP’s successful business model into 2nd and 3rd tier cities, which are characterized by high levels of excess demand for quality residential and commercial real estate assets combined with low levels of competition and land construction prices is expected to lead to the ability to capture possible yields of up to 50% per annum with high levels of capital appreciation. |
|