“Viva city” apartment district
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2020.02.07
| Project objective | The project directly tackles the challenges facing young people: lack of affordable housing, overcrowding and pollution, by providing affordable and fully-furnished apartments and retail outlets. The district offers Ulaanbaatar residents a new way of living. |
| Date of Completion | 2011-04.01-2013.06.01 |
| Investment amount | 97 billion MNT |
| Project specs | 1,614-unit apartment complex with a 21,300sqm retail space. The total construction covers a 91,100sqm area. |
| Project’s social and economic benefits
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Thousands of young families used low-interest loans to buy fully-furnished apartments. The project proved that Mongolians have developed the necessary project management skills to complete large projects in relatively short periods of time. The project employed 7,000 people, both in-house and contractors, and provided work to 180 local companies. |