11-02-2016, 07:26 PM
Location Location Location. When we have a discussion about real estate property location is key. GLS land sales at Sturdee Road recieved a maximum of Sixteen bids with Sustained Land topping the bid at $181 million or $788 psf ppr. Residential development in the neighborhood continues to be hard to find which can explain the competitive bids. Sustained Land has named the development Sturdee Residences. This new launch condo is likely to be unveil sometime in the 1st 1 / 2 of 2016. As a result of it good location, we expect Sturdee Residences condo to have very hot respond. Industry analyst expect that developer can be planning for more compact size apartment making it more inviting for investment. Currently, almost all of the non-landed housing developments in the area are boutique apartments with Kerrisdale and City Square Residences to be the only large size residential apartment. Sturdee Road parcel land size is almost 66,000 square feet and a Gross Floor Area of two hundred and thirty thousand square feet that is supposed to be develop into a high-rise apartment with up to 265 condo.