NCD Group - Nomin Construction & Development Group

What NCD Group - Nomin Construction & Development Group does

NCD Group is a Mongolian construction and real estate development company founded in 2002 and headquartered in Ulaanbaatar. It operates as a vertically integrated developer with in-house manufacturing of metal windows, doors, glass facades, furniture, prefabricated concrete structures, and light steel frame portable housing, alongside a foreign trade arm for construction material imports. The company's core business is the development and sale of residential and mixed-use real estate, with active projects including Garden City House, Vega City (1,187 units across 6 hectares), Casa Da Vinci (322 units across 23 hectares in Italian architectural style), River Plaza (mixed-use complex with 198 residential units and commercial towers), and completed projects such as River Garden, River Garden 2, Time Square, and Garden City.

Name

NCD Group - Nomin Construction & Development Group

Legal name

NCD Group

Website

https://ncd.mn

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

51–100 employees

Short description

NCD Group is a Mongolian real estate developer and vertically integrated construction company, building and selling master-planned residential and mixed-use communities in Ulaanbaatar and Erdenet, serving individual families and commercial buyers across multiple price tiers.

Ownership category

akta.pro rank

Product category

Real Estate Development (Residential and Mixed-Use)

NAICS

New Housing For-Sale Builders (236117), New Single-Family Housing Construction (except For-Sale Builders) (236115), New Multifamily Housing Construction (except For-Sale Builders) (236116)

SIC

General Bldg Contractors - Residential Bldgs (1520), General Bldg Contractors - Nonresidential Bldgs (1540), Prefabricated Metal Buildings & Components (3448)

akta.pro primary industry

Residential General Contracting (New Build) (IMAFAAAB)

akta.pro secondary industry

Modular/Offsite General Contracting & Installation (IMAFAAAK)

Keywords

• Real estate development
• Residential construction
• Master-planned communities
• Green building
• Prefabricated housing

Headquarters

HQ city

Ulaanbaatar

HQ country

Mongolia

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Real Estate Development and Sales: Development and sale of residential complexes including apartments, townhouses, villas, and mixed-use complexes. Revenue is generated from the sale of units across multiple project phases. Projects span from affordable housing (Onor Townhouse) to luxury developments (River Plaza, Casa Da Vinci, Vega City). The company has delivered over 5,315 households.
2. Metal Windows, Doors, Glass Facades Manufacturing: Manufacturing of metal windows, doors, and glass facades as a diversified revenue stream supporting the company's construction and development operations.
3. Furniture Manufacturing: Furniture manufacturing division as part of the company's diversified business operations.
4. Foreign Trade: International trade operations handling the import of construction materials and equipment for use in development projects.
5. Prefabricated Housing Manufacturing: Production of prefabricated concrete and light steel frame portable housing units.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

NCD Group (Nomin Construction & Development Group) is a Mongolian construction and real estate development company that develops, builds, and sells master-planned residential complexes (apartments, townhouses, villas) and mixed-use commercial complexes, supported by in-house manufacturing of metal windows/doors, glass facades, furniture, prefabricated concrete, and light steel frame portable housing. The company has delivered over 5,315 households across Ulaanbaatar and regional Mongolia, with projects spanning affordable housing to luxury villas and business-class mixed-use developments.

Product overview

NCD Group is a construction and real estate development company that operates as a single integrated entity rather than a modular platform. The company's portfolio includes multiple residential complex projects: Garden City House (ongoing), Vega City (ongoing), River Plaza (business-class complex), Casa Da Vinci (Italian-style housing), River Garden (Mongolia's No.1 green complex), River Garden 2, Time Square, and other completed projects including Өнөр Хотхон, Өнөр Эрдэнэт, and Цэцээ Гүн. These projects range from standard apartments to luxury villas, townhouses, and comprehensive mixed-use developments. The company also operates related businesses including metal windows and doors, glass facades, furniture manufacturing, prefabricated concrete structures, and light steel portable housing production.

Differentiator

Problem solved

Functional benefit

Named customers1 record

Segments2 records

Ideal customer profiles2 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered major, core and minor.

• Darkhan United Basketball TeammajorGTM or Marketing Partner · 16 December 2024NCD Group entered into a sponsorship agreement as General Sponsor of the Darkhan United basketball team for the 2024-2025 National Premier League season. This continues the company's tradition of supporting team sports and healthy lifestyles.
• MMCG CompanymajorStrategic or Co-development Partner · 19 October 2023NCD Group served as General Sponsor at the APRC 2023 - Asia Pacific Research Conference organized by MMCG. NCD Group has been working with MMCG (a leading research and consulting services company) for over 10 years, conducting regular market research to improve product development.
• Hangzhou 2022 Asian Games Organizing CommitteemajorGTM or Marketing Partner · 19 October 2023NCD Group served as official broadcast sponsor (monetary partner) for the Hangzhou 2022 19th Asian Games. This follows previous sponsorships of the 2018 FIFA World Cup broadcast, 12th Asian Games football 'Druzhba 2020' tournament, and Olympic judo athletes.
• iGuzzini illuminazione SrlcoreTechnology or Integration · 18 May 2022NCD Group partnered with Italian lighting company iGuzzini illuminazione Srl for the lighting renovation of Amarbayasgalant monastery's Tsogchin Dagana temple. iGuzzini provided world-class heritage lighting solutions, with the company having extensive experience in UNESCO World Heritage sites globally including Leonardo da Vinci's Last Supper, Michelangelo's Pietà, and others.
• Azura Architects LLC (Азура Архитектс ХХК)coreStrategic or Co-development Partner · 18 May 2022Joint initiative with Azura Architects LLC to restore and illuminate the Tsogchin Dagana temple at Amarbayasgalant monastery, a 295-year-old cultural heritage site. Azura Architects served as the architecture partner for the approximately 800 million MNT project.
• Mongolian National Olympic Committee (Монголын Үндэсний Олимпийн Хороо)coreGTM or Marketing Partner · 26 July 2021NCD Group signed a three-year partnership agreement as 'Altan Tunsh' (Golden Partner) of the Mongolian National Olympic Committee. The partnership included renovating the MONGOL OLYMPIC COMMITTEE building with an investment of approximately 300 million MNT.
• SP Falcons Football ClubminorGTM or Marketing PartnerNCD Group was the main sponsor of the SP Falcons football club in the Mongolian Premier Football League. The company also organized inter-company football tournaments with 32 socially responsible businesses and 350+ employees participating.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Bodi Holding: Mongolian holding with real estate development activity in Ulaanbaatar. Comparable for local-market residential development, master-planned project execution, and construction scale within the same geographic market.
• Tavan Bogd Group: Major Mongolian conglomerate with significant real estate development operations in Ulaanbaatar. Most directly comparable as a diversified Mongolian developer competing in the same Ulaanbaatar mid-market and luxury residential segments.
• MCS Group (Mongolian Construction Services): Mongolian construction and real estate developer with multi-decade operating history. Comparable for residential construction execution and Ulaanbaatar-focused project portfolio serving similar middle-class buyer segments.

Broad incumbents

• China Vanke: One of China's largest diversified residential developers. Comparable for tiered affordable-to-luxury product portfolio, integrated community design, and scale of multi-phase urban development projects.
• Country Garden Holdings: Historically one of the largest residential developers globally with a master-planned, amenity-rich community model ('Forest City,' garden-city concept towns). Comparable for project scale, amenitized community design, and tiered product portfolio spanning affordable to premium.
• Longfor Group Holdings: Major Chinese mixed-use property developer with strong residential, commercial, and property-management operations. Comparable for diversified residential-plus-commercial product, premium positioning, and integrated master-planned community execution.
• Vinhomes: Vietnam's largest residential developer with a master-planned, mixed-use community model ('Vinhomes Grand Park,' 'Vinhomes Ocean Park'). Comparable for large-scale, amenitized, green-themed master-planned developments serving an emerging-market urbanizing middle class.
• CapitaLand: Asia-headquartered diversified real estate developer with significant residential and mixed-use operations across multiple Asian emerging markets. Comparable for premium residential product, integrated mixed-use development (residential + commercial), and Asia-wide emerging-market positioning.
• Sunway Group: Malaysian conglomerate with integrated property development, construction, and building-materials manufacturing. Highly comparable to NCD's vertical-integration model (development + in-house construction materials) and master-planned township approach in an emerging Asian market.

Regional players

• Mah Sing Group: Malaysian residential developer with affordable and mid-market township projects. Comparable for tiered residential product targeting emerging-market middle-class buyers, though operating in a different geography (Malaysia vs. Mongolia).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ncdgroup
• Facebookfacebook.com/NCDgroup
• Instagraminstagram.com/ncdgroup
• LinkedInlinkedin.com/company/ncd-group

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NCD Group - Nomin Construction & Development Group