Northern Light
Superstar
That’s a massive increase in studio apartments and a massive drop in 1/2 bedrooms. Shouldn’t this concern TO Planning and Council? Is this the effect of delays in the planning process - or was the first proposal never gonna get built?
My guess, and it's only a guess............
Is that it is a direct result of trading down in height.
The price per ft2 is almost certainly larger on a bachelor than a 3 bedroom.
So if you can break a large unit into 2, and get more than 1/2 the price of the larger unit, per unit, you can offset the loss of profit in shaving a few floors off.