......(And it's Prefab?)
Yes, you heard it here first. Austrailia, in particular Melbourne is planning to build it's tallest tower ever, and the best part is, it will also be prefab. So that means that even while the approvals process and land aquistiion may be lenghty, the actual building time, could be rather quick. I found this piece while surfing the internet at work today. I think it's pretty interesting and worth a quick read when you get a chance. Lead into:
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While becoming the tallest in architectural terms will always garner attention, taller building often harbour some of the lengthiest development periods.With a rise in the prominence of prefabrication, however, large is no longer necessarily equated with lengthy.
While this notion perhaps most evidenced in China, where prefab structures went up in record times last year – it is certainly gaining momentum elsewhere, with Melbourne’s latest prefab project offering to be the city’s most grandiose to date.
According to Nonda Katsalidis of architectural firm Fender Katsalidis, Melbourne’s soon-to-be-developed Australia 108 on Southbank – which is expected to become the tallest building in the southern hemisphere – will also have the shortest construction time when compared to similar skyscrapers.
New Trends in Condo Buying Emerging in the Toronto Area
A few new trends to watch out for in the Toronto area when it comes to buying homes as well as buying condos. When it comes to buying homes, the latest tactic is to put a property which had previously been listed on the MLS system, on a bidding site, or list through an auction house to get buyers, sending the price of single detached homes soaring.
As for condos the latest buying technique is the new trend with regards to micro housing, or micro condo living. And we’re seeing now, specifically designed condos to meet that purpose. Another new trend to look out for is the lack of supply in the purpose built rental housing market in Toronto. Even as new condos come online there remains a shortage of apartments built specific to that purpose, so condo rentals have increased even as vacancy climbs, rentals rates do as well.
Busy Condo Market Boosts Toronto Home Sales
With fewer homes in the detached category available in Toronto, new home buyers seem to be opting for new condos, with sales heading forward at a rocket pace last month. Sales of Existing Homes in the Toronto area moved up by a whopping 2.1% in February 2014, and that is compared to the same time period last year. That was mainly due to a 12.5% increase in the sales of condos within the city so stated by the Toronto Real Estate Board. That will contrasts with the sales declines that occurred in townhomes, detached and semi-detached housing during the month, which was mainly due to a constrained supply of those housing types.
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