Apartments in particular are expensive to build, costing around $4,000 per square metre. When you add in the land and subdivision costs, it can end up costing more to build them than they can be sold for, particularly in suburban areas. Only small, inner city apartments, and apartments in some prime areas with affluent demographics, appear to be worthwhile for developers to build.
Terrace houses are more cost-effective to build, at around $1800–$2,000 per square metre. However, the draft AUP prioritises apartments – 50% compared to 3–4% for terrace housing.Hi Anna, It was very nice meeting you in person today. Thank you so much for coming up with this precise summary so promptly. I feel very blessed to have you, a diligent and efficient professional lady taking care of my accounting/tax needs.
- Jackie Zhang, July 2023
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