Posted Mar 26, 2012, 12:26 AM
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Never Dell
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Join Date: Jul 2001
Posts: 19,804
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Like the one announced on the last page? First of two 40-story towers?
Self-financing is a huge advantage. The presale model won't work for a long time, because nobody will trust it (buyers, developers, lenders) and because then the price per unit would be locked in at a very low number equal to today's pricing. Without needing to pre-sell, they can get 2014 prices, which should be much higher (according to my guess and also that particular developer presumably).
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