More than 27 business class residential complexes which are under construction were surveyed and the firm found 18.5% of these remained in a suspended state.
Apartments with an average price of $6000 per square meter were in high demand; in fact 70% of total business class apartments sold across all price bands, were in this category. The weighted average cost per square meter of all business class apartments remained unchanged for the month of October 2010 at $5800.
Real Estate experts don’t see a change in the price trend for the month of November 2010. However, there’s an important difference; in 2009 the price trend was downwards, but this year prices are showing a positive upward trend.