Melbourne developer prepares for 10pc default rate
One of the biggest apartment developers in Melbourne – Malaysia's UEM Sunrise – is prepared for as much as a 10 per cent default rate on the settlement of apartments in its $330 million CBD tower, signalling just how difficult the market is about to get following tighter credit conditions and falling prices. It’s a big call by the developer given listed giants such as Lendlease and Mirvac only expect default rates of about 1 per cent. Home prices have dropped 7 per cent in Melbourne in the last year and new apartments, which fell up to 20 per cent in value upon settlement in 2018, are expected to come under further price pressure this year as more newly completed projects come up for settlement according to BIS Oxford Economics. Apartments were being handed over to their new owners just before Christmas in the first stage of UEM's 446-unit Conservatory project at 9-23 MacKenzie Street at the northern end of the CBD, looking out over Carlton Gardens and the Royal Exhibition Building "We want to settle 100 per cent of course but thinking of the current situation in the market, if we can get more than 90 per cent we will be more than happy," managing director Anwar Syahrin Abdul Ajib told The Australian Financial Review. Australian Financial Review
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山雨欲来风满楼
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好事
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静观其变
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那.... 說好的Melbourne與Sydney的人都要來Brisbane炒房, 還來不來啊? 哈哈
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猪年运气是什么
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降價就買
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布里斯班有些区长得很凶了。
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哪些区啊?我去围观一下
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Realestate 上就有啊。
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