Quote:
Originally Posted by WPOZZZ
What is the current zoning of the land?
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Residential. And you can have three, three story high, properties on a section., and this is two sections. The council (city hall) are very friendly towards higher density so the eight properties in the 1000 square meter would be an option without too much asking.
Quote:
Originally Posted by sc_rufctr
I'd say 660k per unit or $3,960,000 total for the land package.
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That's what I'm wondering. There is the 8.4 mil "profit" so I'm thinking I get the 8.4 not 3.96. But somewhere in between is where developers operate. As it is I could get more than that with the two ordinary houses on the adjoined two properties equalling 1000 square meters. A friend bought a very ordinary place in an ordinary back street location for 2.2
so it shows how nuts the property market is around here.