2026年下半年公寓展望:需求、供应、空置率、租金和价格.docxVIP

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2026年下半年公寓展望:需求、供应、空置率、租金和价格.docx

IntelligentInvestment

IntelligentInvestment

constructionandcapital

constructionand

capitalvalue

Historically,capitalvalueshavegrownat3xconstructioncostgrowth.Thisunlockslandandencouragessupply.Inthelast5years,valueshavenotkeptpacewithconstructioncosts.Thisdisparityiscurrentlyat30%,upanother10%overthepast6mths

Inourview,capitalvaluesforresidential

projectswillacceleratesignificantlyhigherassupplyfallsuntilthereisahealthy

ecosystemfordevelopers.

ouranalysisindicatesnewlybuilttwo

bedroomapartmentstradeata30%pricepremiumtoo

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