Hi - I am in the process of deciding what sort of building I should put onto a pot of land in Adelaide CBD. I have come up with a set of questions, and would appreciate your thought on them.
1. What is the demand of the market? How many apartments of different size/configuration/price-bucket can be sold within (say) a month?
2. What is the demand for different quality (High amenity vs. No-frill.) of apartment? High amenity is defined as having substantial common area, large foyer, the availability of water (sauna/pool/steamroom) & sports facilities (tennis/squash/bowling/golf-simulator) & cinema. Should we build less apartment and use the space for amenity? Would you pay a premium because of the amenity? How much?
3. Is there an observable difference in terms of price per unit sq meter between different size of apartment?
4. Are you willing to pay a premium of higher ceiling? Say 2.7 vs. 3.0 meters.
5. Are you willing to pay a premium of duplex/mezzanine type of apartments?
1. What is the demand of the market? How many apartments of different size/configuration/price-bucket can be sold within (say) a month?
2. What is the demand for different quality (High amenity vs. No-frill.) of apartment? High amenity is defined as having substantial common area, large foyer, the availability of water (sauna/pool/steamroom) & sports facilities (tennis/squash/bowling/golf-simulator) & cinema. Should we build less apartment and use the space for amenity? Would you pay a premium because of the amenity? How much?
3. Is there an observable difference in terms of price per unit sq meter between different size of apartment?
4. Are you willing to pay a premium of higher ceiling? Say 2.7 vs. 3.0 meters.
5. Are you willing to pay a premium of duplex/mezzanine type of apartments?