06-02-2021, 09:46 AM
Midrise is very hard for developers to pull off too.
Even if a developer wants to come in and do some cool 4 storey building, landowners don't care. If a landowner if remotely able to get highrise land prices, then that is all they will accept. So developers are forced to pay so much for land, that the only feasible project is a highrise.
Even if a developer wants to come in and do some cool 4 storey building, landowners don't care. If a landowner if remotely able to get highrise land prices, then that is all they will accept. So developers are forced to pay so much for land, that the only feasible project is a highrise.