This document analyzes the housing market and provides recommendations for a new residential development project in Bayamon, Puerto Rico. It finds that the target market is families earning $46,000-$95,000 annually who are looking to upgrade from walk-ups or detached homes. A mid-rise building with 2-3 bedroom units priced between $253,000-$379,000 would be suitable. The analysis projects strong demand of 100 units per year, and estimates the 196-unit project would absorb 58 units annually and sell out within 3.3 years.
World: Plywood - Market Report. Analysis and Forecast to 2025IndexBox Marketing
IndexBox has just published its report: "World: Plywood - Market Report. Analysis and Forecast to 2025”. This report has been designed to provide a detailed analysis of the global plywood market. It covers the most recent data sets of quantitative medium-term projections, as well as developments in production, trade, consumption and prices. The report also includes a comparative analysis of the leading consuming countries, revealing opportunities opened for producers and exporters across the globe. The forecast outlines market prospects to 2025.
World: Microwave Ovens - Market Report. Analysis and Forecast to 2025IndexBox Marketing
IndexBox has just published its report: “World: Microwave Ovens - Market Report. Analysis and Forecast to 2025”. This report has been designed to provide a detailed analysis of the global microwave oven market. It covers the most recent data sets of quantitative medium-term projections, as well as developments in production, trade, consumption and prices. The report also includes a comparative analysis of the leading consuming countries, revealing opportunities opened for producers and exporters across the globe. The forecast outlines market prospects to 2025.
IndexBox has just published its report: "World: Domestic, Non-Electric, Cooking Or Heating Appliances - Market Report. Analysis and Forecast to 2025". This report has been designed to provide a detailed analysis of the global domestic non-electric appliance market. It covers the most recent data sets of quantitative medium-term projections, as well as developments in production, trade, consumption and prices. The report also includes a comparative analysis of the leading consuming countries, revealing opportunities opened for producers and exporters across the globe. The forecast outlines market prospects to 2025.
World: Prepared Explosives - Market Report. Analysis and Forecast to 2025IndexBox Marketing
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World: Wood In The Rough - Market Report. Analysis and Forecast to 2025IndexBox Marketing
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World: Builders' Joinery And Carpentry Of Wood - Market Report. Analysis and ...IndexBox Marketing
IndexBox Marketing has just published its report: “World: Builders' Joinery And Carpentry Of Wood - Market Report. Analysis and Forecast to 2025”. This report has been designed to provide a detailed analysis of the global lumber market. It covers the most recent data sets of quantitative medium-term projections, as well as developments in production, trade, consumption and prices. The report also includes a comparative analysis of the leading consuming countries, revealing opportunities opened for producers and exporters across the globe. The forecast outlines market prospects to 2025.
World: Plywood - Market Report. Analysis and Forecast to 2025IndexBox Marketing
IndexBox has just published its report: "World: Plywood - Market Report. Analysis and Forecast to 2025”. This report has been designed to provide a detailed analysis of the global plywood market. It covers the most recent data sets of quantitative medium-term projections, as well as developments in production, trade, consumption and prices. The report also includes a comparative analysis of the leading consuming countries, revealing opportunities opened for producers and exporters across the globe. The forecast outlines market prospects to 2025.
World: Microwave Ovens - Market Report. Analysis and Forecast to 2025IndexBox Marketing
IndexBox has just published its report: “World: Microwave Ovens - Market Report. Analysis and Forecast to 2025”. This report has been designed to provide a detailed analysis of the global microwave oven market. It covers the most recent data sets of quantitative medium-term projections, as well as developments in production, trade, consumption and prices. The report also includes a comparative analysis of the leading consuming countries, revealing opportunities opened for producers and exporters across the globe. The forecast outlines market prospects to 2025.
IndexBox has just published its report: "World: Domestic, Non-Electric, Cooking Or Heating Appliances - Market Report. Analysis and Forecast to 2025". This report has been designed to provide a detailed analysis of the global domestic non-electric appliance market. It covers the most recent data sets of quantitative medium-term projections, as well as developments in production, trade, consumption and prices. The report also includes a comparative analysis of the leading consuming countries, revealing opportunities opened for producers and exporters across the globe. The forecast outlines market prospects to 2025.
World: Prepared Explosives - Market Report. Analysis and Forecast to 2025IndexBox Marketing
IndexBox has just published its report: "World: Prepared Explosives - Market Report. Analysis and Forecast to 2025". This report has been designed to provide a detailed analysis of the global explosives market. It covers the most recent data sets of quantitative medium-term projections, as well as developments in production, trade, consumption and prices. The report also includes a comparative analysis of the leading consuming countries, revealing opportunities opened for producers and exporters across the globe. The forecast outlines market prospects to 2025.
World: Wood In The Rough - Market Report. Analysis and Forecast to 2025IndexBox Marketing
IndexBox Marketing has just published its report: “World: Wood In The Rough - Market Report. Analysis and Forecast to 2025”. This report has been designed to provide a detailed analysis of the global wood market. It covers the most recent data sets of quantitative medium-term projections, as well as developments in production, trade, consumption and prices. The report also includes a comparative analysis of the leading consuming countries, revealing opportunities opened for producers and exporters across the globe. The forecast outlines market prospects to 2025.
World: Builders' Joinery And Carpentry Of Wood - Market Report. Analysis and ...IndexBox Marketing
IndexBox Marketing has just published its report: “World: Builders' Joinery And Carpentry Of Wood - Market Report. Analysis and Forecast to 2025”. This report has been designed to provide a detailed analysis of the global lumber market. It covers the most recent data sets of quantitative medium-term projections, as well as developments in production, trade, consumption and prices. The report also includes a comparative analysis of the leading consuming countries, revealing opportunities opened for producers and exporters across the globe. The forecast outlines market prospects to 2025.
World: Polyethylene - Market Report. Analysis and Forecast to 2025IndexBox Marketing
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Housing Market and Outlook Report 2017 - Cambodia - by Hoem Seiha - BriefingHoem Seiha
Historical and Cumulative Supply, by year since 2010
New Supply in 2017
Supply by Types of Housing, Location, Zone, Developer
Market Performance, Number of Units Sold, Sold by Type, Location, Developer
Mapping of Development Projects
Sale / Stock Ratio, Market Absorption Rate
Number of Units Finished and Released by year since 2010
Number of Projects and Units under Construction, Nearing Completion, and on Delay
Sold Prices by Type, Location, Quartile Pricing Analyses
VTA Housing Price Index
Occupation to Vacancy Ratio by Location
Housing Market Outlooks onto 2018 and 2019
Industry Conclusion and Recommendations
IndexBox Marketing has just published its report: "U.S. Garlic Market. Analysis And Forecast To 2020". The report provides an in-depth analysis of the garlic market in USA. It presents the latest data of the market value, consumption, domestic production, exports and imports, price dynamics and food balance. The report shows the sales data, allowing you to identify the key drivers and restraints. You can find here a strategic analysis of key factors influencing the market. Forecasts illustrate how the market will be transformed in the medium term.
Condominium Market and Outlook Report 2025 by ERA Data Intel.pdfHoem Seiha
ERA Data Intel outlooks at condominium market as a positive growth, albeit very
thin, thanks to overall economic recovery with GDP poised to grow by 6.1 percent
in 2024 and 6.3 percent in 2025, according to World Bank forecast.
By 2025, overall condominium figures are forecast to reach:
142,700 of total existing and new units cumulatively added up from all types such as
residential and commercial categories of condominiums across Phnom Penh.
• 76,600 of total existing and new units cumulatively added up to the market for
those classified under residential-purpose built category.
• 75,200 of total units cumulatively completed for those classified under residen
tial-purpose built category.
Despite the overall oversupply and low occupancy rate, market players have started market stimulation such as lowering prices, optimizing unit sizes and prices to
suit current and future demand, and adopt aggressive sale strategies to pass
through this tough of time.
In addition, market simulation strategies such as renovating available units into
rental apartments, offices and hotels to liquify their assets were also applied
across the market.
Via Corelogic RPData
2022 was a tumultuous year for Australia’s housing market.
Following outstanding capital growth over 2021 and into early 2022, successive interest rate rises, surging inflation, low consumer sentiment and deteriorating affordability drove a shift in the performance of residential real estate.
Today, we released our annual Best of the Best report; a seminal publication which sums up the country’s annual property performance and provides an outlook for the year ahead.
The mattresses manufacturing market comprises establishments primarily engaged in manufacturing innerspring, box spring, and noninnerspring mattresses, including mattresses for waterbeds.
Read Report
https://www.thebusinessresearchcompany.com/report/mattresses-manufacturing-global-market-report-2018
World: Polyethylene - Market Report. Analysis and Forecast to 2025IndexBox Marketing
IndexBox has just published its report: "World: Polyethylene - Market Report. Analysis and Forecast to 2025". This report has been designed to provide a detailed analysis of the global polyethylene market. It covers the most recent data sets of quantitative medium-term projections, as well as developments in production, trade, consumption and prices. The report also includes a comparative analysis of the leading consuming countries, revealing opportunities opened for producers and exporters across the globe. The forecast outlines market prospects to 2025.
Housing Market and Outlook Report 2017 - Cambodia - by Hoem Seiha - BriefingHoem Seiha
Historical and Cumulative Supply, by year since 2010
New Supply in 2017
Supply by Types of Housing, Location, Zone, Developer
Market Performance, Number of Units Sold, Sold by Type, Location, Developer
Mapping of Development Projects
Sale / Stock Ratio, Market Absorption Rate
Number of Units Finished and Released by year since 2010
Number of Projects and Units under Construction, Nearing Completion, and on Delay
Sold Prices by Type, Location, Quartile Pricing Analyses
VTA Housing Price Index
Occupation to Vacancy Ratio by Location
Housing Market Outlooks onto 2018 and 2019
Industry Conclusion and Recommendations
IndexBox Marketing has just published its report: "U.S. Garlic Market. Analysis And Forecast To 2020". The report provides an in-depth analysis of the garlic market in USA. It presents the latest data of the market value, consumption, domestic production, exports and imports, price dynamics and food balance. The report shows the sales data, allowing you to identify the key drivers and restraints. You can find here a strategic analysis of key factors influencing the market. Forecasts illustrate how the market will be transformed in the medium term.
Condominium Market and Outlook Report 2025 by ERA Data Intel.pdfHoem Seiha
ERA Data Intel outlooks at condominium market as a positive growth, albeit very
thin, thanks to overall economic recovery with GDP poised to grow by 6.1 percent
in 2024 and 6.3 percent in 2025, according to World Bank forecast.
By 2025, overall condominium figures are forecast to reach:
142,700 of total existing and new units cumulatively added up from all types such as
residential and commercial categories of condominiums across Phnom Penh.
• 76,600 of total existing and new units cumulatively added up to the market for
those classified under residential-purpose built category.
• 75,200 of total units cumulatively completed for those classified under residen
tial-purpose built category.
Despite the overall oversupply and low occupancy rate, market players have started market stimulation such as lowering prices, optimizing unit sizes and prices to
suit current and future demand, and adopt aggressive sale strategies to pass
through this tough of time.
In addition, market simulation strategies such as renovating available units into
rental apartments, offices and hotels to liquify their assets were also applied
across the market.
Via Corelogic RPData
2022 was a tumultuous year for Australia’s housing market.
Following outstanding capital growth over 2021 and into early 2022, successive interest rate rises, surging inflation, low consumer sentiment and deteriorating affordability drove a shift in the performance of residential real estate.
Today, we released our annual Best of the Best report; a seminal publication which sums up the country’s annual property performance and provides an outlook for the year ahead.
The mattresses manufacturing market comprises establishments primarily engaged in manufacturing innerspring, box spring, and noninnerspring mattresses, including mattresses for waterbeds.
Read Report
https://www.thebusinessresearchcompany.com/report/mattresses-manufacturing-global-market-report-2018
Last week we had the pleasure to host over 250 people for the Puerto Rico Symposium. See some of the photographs from the event organized by The Urban Land Institute South East Florida / Caribbean and The Puerto Rico Builders Association.
After more than fifteen years of stagnate economic growth, an environmental crisis, and a worldwide Covid19 pandemic, Puerto Rico seems to be uniquely positioned for long term economic development and growth. The Urban Land Institute together with the Puerto Rico Builders Association, came together to explore in a one day symposium how both the public and private sector can work together to reimagine, revitalize and rebuild Puerto Rico.
Act 20 and 22 Economic Impact Study: Puerto RicoAdam Greenfader
This is a very good report about the tax incentives Act 20 and 22 Economic Impact Study for Puerto Rico by Estudios Tecnicos. Please feel free to contact me if you would like some more information.
Focus group had 3 several specific goals:
1) Investigate specific architectural features.
2) Determine Most Valued Amenities
3) Determine lot sizes and housing plans
Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
https://listingturkey.com/property/referans-bahcesehir/
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
Are you searching for your dream home? Finding the perfect house involves more than just browsing listings; it’s about discovering a space that fits your lifestyle and needs. Whether you’re looking for a cozy suburban home, a chic urban apartment, or a spacious rural property, the right real estate can transform your life. Consider the location, amenities, and potential for future growth. Think about the community, nearby schools, and the convenience of shopping and transportation. A good real estate agent can guide you through the process, from identifying suitable properties to negotiating the best deal. Your dream home is out there, waiting to be found – let’s embark on this journey together!
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
Vinra Construction Tech Enabled Company for Eco-Friendly Home Construction
Contact With Vinra for a Greener Future >>> Call us @ 888 4898 765
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
2. Table of Contents
The Goal of this Study
....................................................
Pg. 4
General Assumptions
…………………………………
Pg. 4
Market Research Sources
....................................................
Pg. 5
Executive Summary
....................................................
Pg. 6
Key Facts
…………………………………
Pg. 6
The Market Area
……………………………………Pg. 9
The Site
………………….……………… Pg 11
Vehicular Circulation Analysis
…………………………………….Pg 14
SWOT ANALYSIS
…………………………………
Pg.19-23
Design recommendations
…………………………………
Pg. 24-32
Housing Supply
………………………………….. Pg. 33-41
New Home Projects: Walk Ups
……………………………………Pg. 34-38
New Home Projects: Mid Rise
……………………………………Pg. 39-47
New Home Projects: Condominiums
……………………………………Pg. 48-51
Future Projects
……………………………………Pg. 52
Highest and Best Use
……………………………………Pg. 53
Price Point
……………………………………Pg. 56-57
Housing Demand & Supply
……………………………………Pg. 58-60
Absorption Rate
……………………………………Pg. 61
Conclusion
……………………………………Pg. 62
3. Projected Target Client Profile
The projected target client profile is a composition of key demographic and economic
metrics. The projected target client profile is intended to assist the development team build a
in accordance with the client’s demographic, psychographic and economic criteria.
TABLE 1
Average family income:
$46,000-$95,000/annually
Average age:
35 years +
Children:
Profession:
50% live with 1 child
15% with 2 children +
35% with 0
Service industry/Professional
Location of employment:
60%
20%
5%
15%
San Juan Area
Bayamón
Caguas
Other
Prior living arrangement :
15% live at home with family
50% owned detached unit
35% own walk-up
Buying Cycle:
35% 1st time home buyers
50% Move-up buyers
15% Move-down buyer
4. Sensitivity Analysis
The below noted sensitivity analysis demonstrates the financing costs of a typical $250,000 unit.
The scenario assumes a 100% financing option. You will note that the interest rate increase from
6% to 8% requires an additional monthly income of $1,000; or a total annual income from
approximately $67,000- 79,000. *
5. Price Point by Product Type
In choosing the correct elevator product type, the primary focus should be to not “price-out” the
consumer. As can be noted above, there is a notable increase in sales price per square foot for
Condominium products versus Mid-Rise buildings. Below you will find a graph with the
average price per square foot per product category.
$300
$250
$200
Walk-Up
$150
Mid-Rise
Condominium
$100
$50
$0
$ SF
This price difference is mainly due to added construction costs associated with infrastructure,
HVAC, subterranean parking, and specialized labor and machinery needed to build a
Condominium product. .
In a sub-urban market, where land costs are less expensive than in the city, the principal demand
is for an elevator product (with covered parking) at an affordable price. If the apartment is too
expensive he/she will most likely a) opt to buy an elevator product closer to the city b) not
qualify c) buy a single family home.
Thus being less expensive, a Mid-Rise building would be the logical choice for the proposed
project.
6. Apartment Size and Configurations
Based on the market comparables, the ideal apartment should have an open configuration.
The ideal product mix consists of three different model plans:
1)
2)
3)
A two bedroom unit that ranges in size from 900 S.F. to 1, 100 S.F.
A three bedroom unit that range in size from 1,300 S.F. to 1, 500 S.F.
A penthouse and garden unit (with utility room with elevator access) that
range in size from 1,500 S.F. to 1, 800 S.F.
Price Point
Today, there are seven (7) Mid-Rise products in the Bayamón-Guaynabo Market Area. The
prices range from $176-$278 a square foot. The average price per square foot is $213. Based
on the location strengths of the proposed project, the price point today should be
approximately $205 SF.
Below, are three different scenarios for price point projections: Aggressive 10%,
Conservative 6%, and Stagnant.
$300
$248
$225
$250
$200
$272
$205
$217
$211
$244
$230
$224
$217
3% Growth
$150
6 % Growth
$100
10% Growth
$50
$0
2007
2008
2009
2010
Adjusted Price Point For Inflation Table
7. Sales Price
Assuming a conservative $230 SF price point (adjusted for 2 years), the above noted MidRise apartments should have the following pricing mix:
1) 2 bedroom / 2.5 bath unit that ranges in price from $207,000. to $253,000.
2) 3 bedroom / 2.5 bath unit that ranges in price from $299,000 to $345,000.
3) Penthouse and garden unit that ranges in price from $345,000 to $414,000.
Housing Demand
The study Demand for Housing in Puerto Rico 2005-2009, prepared by the firm Estudios
Técnicos, Inc. for the Puerto Rico Bankers Association forecasts the demand for new housing
units during the 2005-2009 periods. The study projects the demand for housing by price bracket
for each island municipality. The study also prepares an aggregate by region and for the whole of
Puerto Rico.
The primary elements in the forecasting model are projections of household formation and
household income by municipality. The effective demand is then divided into two categories:
regular market demand (that which can be met by private developers) and assisted demand (that
which needs some form of government assistance.)
Total Annual Demand
11,022
53%
Market Demand
9,618
47%
Subsidy
8. Housing Demand: San Juan Region
For the entire island of Puerto Rico, total housing demand for the five year period (2005-2009) is
99,800 units. In the regular market category, effective demand is projected to be at 9,618 units
annually or 47.5%. For the San Juan Region which includes Guaynabo and Bayamón, the
total demand projection is 15,631 for the five year period or 3,126 units per year.
Housing Demand By Product
In the Construction & Sales Activity Report, Estudios Técnicos, Inc. surveyed sale activity data
by housing unit type. During the second quarter of 2006, a total of 3,620 housing units sold in
Puerto Rico. Single family units accounted for 71% of the total units sold, walk-ups units
represented 10.1%, high-rise condominium units 11.5% and other types of housing (townhouses,
villas, mixed) 7.3%.
Housing Demand By Product *
7%
Single Family
12%
Walk-Ups
10%
Condominiums
71%
other
Housing Demand By Product San Juan Region
Notwithstanding the natural spatial limitations of the island, single family homes remain the
preferred housing type dominating all regions except for San Juan and Guaynabo. In San Juan
and Guaynabo, multi-family units (Walk-Ups, Mid-Rise, Condominiums), are the leader in the
market consisting of approximately 80% of all units sold.
9. Using the weighted average from the sale activity in the San Juan Region, it can be inferred that
the market demand of multi-family housing (Walk-Ups, Mid-Rise, and Condominiums), units in
the $300,000 and over price is in a ratio of approximately 20% of the total units absorbed.
Based on the annual total market demand estimated for the 2005-2009 period, 3126 units per
year, it can be inferred that the San Juan Region could demand 625 Multi-family units per year in
the $300,000 and over price range ( 3126 * 20%). This would translate into
a potential market demand of 3,125 units ( 5 year period) .
Housing Supply
According to The study Demand for Housing in Puerto Rico 2005-2009, there is a supply of
2,624 units in the San Juan Region. This data confirms our findings as noted in the above Future
Projects table. The units accounted in the supply chain are only those units available and planned
as of the 2nd quarter of 2007.
The new units needed minus the total available and planned supply results in the residual
demand (See table below).
5 Year period
Per Year
Demand
3125
625
Supply
2624
525
Residual Demand
501
100
Based on the inferred demand estimate there is a projected unattended Multi-family housing
demand in the San Juan Region of 501 units over the 2005-2009 period or approximately 100
units per year for properties in the $300,000 and over price range.
10. Absorption Rate
This market analysis assumes that the project will be finished in the winter of 2009, or twentyfour months after the effective date of this report. The available supply should be absorbed in
just over four (4) years (2,624 available units / 625 units per year = 4.2 years). As of the
estimated project completion date 1,374 of the available and planned supply will still remain in
the market (2,624 available units – 1,250 units demanded in 2 years).
Based on the market demand of 625 units per year, it was assumed that new units will be
developed to cater to this market. Assuming 500 unaccounted units enter this market along with
the subject project, a total of 2,070 units (the proposed project 196 units plus the assumed 500
new units and 1,374 of existing inventory) will cater to the $300,000 and over price range as of
the proposed completion date.
The proposed project should have a capture rate of nearly 9.4%. This is assuming it commands
an equal market share to its percentage of the total supply (196 units of the proposed project /
1,374 assumed total available units + 500 new units + 196 units).
Based on the estimated market capture rate and the annual market demand of 625 units per year
for the $300,000 and over market, the proposed project’s absorption rate should approximate 58
units per year (9.4% x 625).
The above noted absorption rate would conclude total project sell out by approximately 3.3
years (average sell out of 58 units per year).
11. Conclusion
The proposed project’s location is very promising. Although located physically in Bayamón,
it is for all intents and purposes considered “Guayabon”. As can be noted in the circulation
analysis, the site is very accessible to Bayamón, Guaynabo, Caguas and San Juan.
The site’s topography is mountainous. The highest and best use is to build multi-family
homes, preferably with an elevator. This should allow for the least site development costs
and maximum density.
The unit mix should consider the first home market with 2/2 and 3/2 home models with 1,
100 S.F. and 1,400 S.F. respectively.
The empty nester and single family target market should represent a majority of home
buyers. The target market will most likely need to sell their homes in order to buy at the
proposed project. The project’s competitive advantage should be to provide a comfortable
unit with all the amenities of a luxury condominium; elevator, security, covered parking, high
bath to bed ratio, and closet space.
Assuming a conservative $230 SF price point (adjusted for 2 years), the above noted MidRise apartments should range in price from $253,000 to $322,000. The penthouse units
should average $379,000.
The supply of inventory is projected to dwindle within the next 24 four months from 3,125 to
2,070 units in the San Juan Market Region. The proposed project should capture 9.4% of this
supply and sell out in approximately 3.3 years (average sell out of 58 units per year).