Yes, there is a lot in this FAQ that is out of date.
The construction of new luxury apartments, selling for anywhere between $1500 and $5000 for shell and core and anywhere between $3000 and $10000 per square meter when renovated, has fueled an upsurge in the sale and rent price of old apartments, whether renovated or unrenovated.
The New Square apartment I lived in four years ago (90m2 for $250 a month) was a great deal then and is now completely unthinkable. Smaller apartments in much less prestigious locations now routinely go for $1200 or more and are in great demand, although more as offices than as apartments, as there is a shortage of 'B' class office space with the rush to build ever more 'A' class office space.
Yes, there is a lot in this FAQ that is out of date.
The construction of new luxury apartments, selling for anywhere between $1500 and $5000 for shell and core and anywhere between $3000 and $10000 per square meter when renovated, has fueled an upsurge in the sale and rent price of old apartments, whether renovated or unrenovated.
The New Square apartment I lived in four years ago (90m2 for $250 a month) was a great deal then and is now completely unthinkable. Smaller apartments in much less prestigious locations now routinely go for $1200 or more and are in great demand, although more as offices than as apartments, as there is a shortage of 'B' class office space with the rush to build ever more 'A' class office space.