Residential development trends are catchy. Companies in Lebanon very often adopt whatever seems to be working best or whatever is applied most on the residential market. Why reinvent the wheel, indeed? While this maxim may hold true in many instances and certainly simplifies life, the underlying reason behind a particular strategy may be diluted or entirely lost in the mechanical process of copy-pasting. This is true for the strategy applied to price increments per floor in recently built residential buildings. Most developers in Beirut now follow a standard formula: increase the square meter asking price by $50–$100 per floor. In some exceptional cases, price increments can range from as low as $25 all the way up to $200 per square meter per floor. Lower floor, lower prices It is understandable that the first two floors of a building should have the lowest selling prices as they sit just above the
In general, you are totally right !
However, in my opinion, the first two floors can have the same price/m2
The Lower floors will have an increment of 25 – 50 $/ m2
And when the level of very good view is reached, we can increase the increment by 75 – 100
At the level of the two or three top floors, we can blow the increment to reach 200 $/ m2 depending on the location, the view, etc…
And then, fist come,first served, and all is in the wise negotiation !
THIS. IS. MY. OPINION !
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In general, you are totally right !
However, in my opinion, the first two floors can have the same price/m2
The Lower floors will have an increment of 25 – 50 $/ m2
And when the level of very good view is reached, we can increase the increment by 75 – 100
At the level of the two or three top floors, we can blow the increment to reach 200 $/ m2 depending on the location, the view, etc…
And then, fist come,first served, and all is in the wise negotiation !
THIS. IS. MY. OPINION !
Comments are closed.