March 23, 2019 4:13pm NBD COmment: ~ Property downturn spells the death of the ‘dog box’
As the property downturn picks up steam, apartment developers are going to the wall — and our cities could soon look a lot more like Paris. [SIC] part: The property downturn may finally spell the end of the “dog box”.
As local and overseas investors flee en masse, property developers are struggling to get funding from banks, with a growing number of apartment buildings being delayed or abandoned altogether.
Non-bank lenders are increasingly stepping in to fill the gap — and the focus is turning away from the 20-storey high-rises and tiny one-bedroom apartments favoured by investors to larger units in smaller-scale developments targeted at owner-occupiers. ~ News_Link
