Park Island Property Prices - new records set for "small sized units".
According to agents on the island last week was a busy month, with lots of enquiries from potential buyers. I was sent the article below by a property agent on Park Island: Park Island Property Newspaper Article In summary, the article reports that "small size apartment" sales broke record twice within the last month. Park Island, Block 17, Mid Floor, Flat G Size 449sqft Price sold 3.12M ($6949 per sqf) The owner brought in 2010 $2.45M and how now sold earning $1.33M up 54.8%. According to the agent, the seller is now looking at buying a larger apartment on the Park Island. My comment on that is that whilst it appear the seller made a good profit, the larger apartment will of course also have risen in price, so from that perspective his "relative gain" may not actually be that much, as apartment prices everywhere (not just on Park Island) have risen substantially since 2010. Some of these "small size" apartments were originally...