Tag Archives: vancouver real estate

JUST SOLD High Rise Development Site Surrey City Center

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PROPERTY DETAILS:

ADDRESS: Exclusive Listing

FAR: 5.5 from OCP + 20% Potential Bonus Density

 

PRICE: Call for pricing

 

 

 

 

 

Comments:

The development site that sold was advertised in an exclusive basis. Located in one of the fastest growing areas in Western Canada and a stone throw away from the SkyTrain station. Surrey is growing at 10,000 residents per year and will overtake Vancouver, BC by 2032.

Surrey is creating its own Downtown in the Surrey City Center area. Surrey has over 200 parks and 15 community centers.

The range of densities in the Surrey City Center area starts from about 2.5FSR to 7.5FSR

With pre-sale towers selling out fast in Surrey City Center, developers are realizing that it is a good time to pursue high rise and low rise development projects in Surrey.

The proactive approach by the City of Surrey has helped attract attentions to one of the fastest growing regions.

We specialize in finding, sourcing, assembling and packaging land deals in this rapid growing City.

We work with various groups and have successfully sold properties in various stages of development including but not limited to raw land, rezoned development sites, development sites with Development Permit already approved.

Call Eni at (778)371-1534 for more info or to gain access to our exclusive inventory of development sites for sale in City of Surrey or Greater Vancouver.

 

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Call Eni at (778)371-1534 for more info or if you are looking to gain access to our exclusive inventory of development sites for sale.

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Shoe Box

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If Vancouver urbanites are experiencing space withdrawl in their condos, take a look at some of the listings above. These are postings from a local real estate office that I had walked by during a casual stroll around Hong Kong’s Central district.  Imagine living in a 388 square foot walk-up (Yup, no elevator) flat… and all yours for HK$16,000 a month (That’s approx CA$2,300.00).  Or better yet, the “Caine Rd walk-up” with a net square footage of 263 for HK$12,000 (or approx. CA$1,600) a month.  Any takers?  You will be surprised that there are plenty of people who will vie for these places.  Living in a major cosmopolitan city has its price, and for Hong Kong, a city that draws people from all over the world for its commerce, nightlife, food and shopping, living in a shoe box sized place is the norm.

Hong Kong Part 1: Time is Money and Money is Time

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My family and I have been spending the past few weeks in Hong Kong.  It’s our annual trek to this side of the world to manage some business and to also catch up with family and old friends from my wife’s and my Chinese language student days. 

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Over the next few posts I will have a miniseries on what the Vancouver real estate market can learn from a Hong Kong.

 

Part 1: Time is Money and Money is Time

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Hong Kong real estate never fails to impress me.  More than it being a financial center that houses some of the priciest real estate in the world, what is notable is the local people’s ability to treat real estate simply as a commodity.  The average Hong Kong person understands that while they may have loved the home that they have put up for sale, being emotionally attached to the property and over evaluating it for sentimental reasons will not gain them anything in the bank.

Having assets stuck in a listing that is growing stale because the sellers insist that they “can’t just give it away” will ultimately result in long term opportunity costs/loss.  As time is money and money is time, Hong Kongers know that it is better to let their properties sell quickly.  With a timely sale, the cash is immediately free to put into the next pending investment- be that in stocks, other real estate, or even business venture, etc.  If there is any “strategy” in being a winner in the real estate market, it is being able to detach yourself emotionally from your property and viewing real estate as simply a vehicle to make your money work for you.

Small Space Big Living

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Sprawling living rooms and grand kitchens used to catch my eye in lifestyle magazines and real estate listings, but since the last blog post, small spaces have been on my mind. No one does thoughtful small spaces and places like the Scandinavians do.  They are able to effectively combine form and function, and fuse simplicity and character using very limited square footage.  It’s a lesson on city living without ever compromising comfort and style.  Here are some inspirations that we have been admiring here at Can Sell My Home for this week.  We love the theme of keeping walls white in order to maximize light, while using unique accessories to add contrast and personality.

 

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The right furnishings make even a tiny balcony a retreat (Image Credit 3)

 

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All the essentials in a single, bright and functional room. (Image Credit 4 & 5)

 

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Great room divider doubling as a shelf in a studio apartment (Image Credit 6)