Mongolia is a country located in Central Asia neighbored by Russia and China. It is the 18^th largest country in the world but sparsely populated with 2.46 million people making it one of the least densely populated areas in the world. Mongolia has affluent mineral resources and the largest steppe area on the planet. Almost half the population is engaged in agriculture and the urban population is primarily located in the capital, Ulaanbaatar as well as a few other large towns. Transportation, communications services and infrastructure are limited and the major industries outside of agriculture are cashmere processing, copper and gold mining, food processing, and construction materials.

The population of Mongolia is only 2.5 million people with about 900,000 people living I the capital city of Ulaanbaatar. Over the last decade there has been tremendous rural to urban migration primarily for economic reasons. This has caused a swelling of residents in the capital city of Ulaanbaatar without an adequate supply of housing for the residents. Surprisingly, Ulaanbaatar has a very high person per square meter rate due largely to the lack of apartment supply and the low income of migrating residents.