CGM
Active Member
Yeah, people have just flat-out stopped buying condos, and now developers can't make any money building condos anymore. This project is a horrible idea and is destined to fail, just like L Tower, Fashion House, Market Wharf, Pier 27, and at least a dozen other examples that completely destroy your post.
What do you mean by fail? All those condos you listed have sold extremely well... 50+ % in matter of a week or two... The market is cooling off, but at different rates in different areas.
That said... I think ICE is going to be over priced (though it will still have very strong sales) ... Units start at low 200s (about 230K is my guess) ... and that would be for 400sq ft studio... one bedrooms probably around 280 and that doesn't include parking... probably not even an option with those units... Anybody else have any other predictions?