The apartment price index increased by 12.7 percent in February 2024 compared to the same period last year, according to the National Statistics Office.

The price of new apartments rose by 7.4 percent year-over-year and by 0.2 percent compared to the previous month. Meanwhile, the cost of old apartments saw a sharper increase, rising by 15.4 percent from last year and by 1.4 percent from the previous month.

The average price per square meter of apartments now ranges between 4.4 million to 4.5 million MNT. Among districts, Sukhbaatar recorded the highest prices, with new and old housing reaching 5.61 million MNT to 5.67 million MNT per square meter. The district also saw the most significant increase in new housing prices, rising 31.1 percent compared to last year, while Khan-Uul recorded the smallest increase at 3.9 percent. For old apartments, Chingeltei District experienced the highest price growth, with a 33.6 percent increase year-over-year, while Songinokhairkhan saw the lowest rise at 12.6 percent.