In this edition, we examine the historically high gap between the average cost of a house relative to an apartment in prominent East Coast capital cities/ and we explain our rationale as to why we think that gap may tighten on a progressive basis.
We also take the opportunity to comment on the introduction of new technology platforms that are changing the prospective buyer experience at a project level. No longer are display suites limited to static presentations in physical form, rather such displays are complemented by virtual viewing technologies which enable the client to view bespoke finishes and inclusions to their preference. Additionally, the prospective buyer can view the outlook in full 360-degree form, to enhance the overall sales presentation. Savvy developers are constantly looking for new and better ways to deliver value and capture as many prospective buyers in the process - technology has helped them significantly in this regard.
