The funny thing is that this development has nothing special other than shorter lease and smaller unit. $ per sq ft is not cheaper but due to the above 2 points, overall cost lower.
So, the 'investors' are looking at lower capital investment opportunity. Government would need to decide if this is the direction they wish to purse. We may end up with shoe box units again
So, the 'investors' are looking at lower capital investment opportunity. Government would need to decide if this is the direction they wish to purse. We may end up with shoe box units again