Posted Mar 17, 2009, 6:55 PM
|
 |
Registered User
|
|
Join Date: Aug 2008
Location: Vancouver
Posts: 1,977
|
|
Quote:
The Beasley project in downtown Vancouver offers discount to buyers
Vancouver Sun - March 17, 2009 11:44 AM

An artist's rendering of the Beasley, at the northeast corner of Homer and Smithe in downtown Vancouver. Prices are being cut by a minimum of 22 per cent because of reduced construction costs.
Photograph by: Vancouver Sun files, .
Amacon, the Vancouver developer building The Beasley project downtown, is the latest builder offering discounts to buyers.
Amacon senior vice-president Bob Cabral said the company is cutting prices by a minimum of 22 per cent, from $100,000 to over $250,000 per unit, because of reduced construction costs.
"We are in a very different market than a year ago; when we negotiated our construction costs and realized the savings we made, we were happy to pass on that savings," Cabral said.
Cabral added that Amacon views this sale as a unique case that won't necessarily influence the overall market.
Cameron McNeil, president of MAC Marketing Solutions, which is handling the sales of Amacom's remaining units in the Beasley, said there are too few apartments left and such limited supply of units in development he doesn't believe the reductions will set any new benchmarks for downtown pricing.
© Copyright (c) The Vancouver Sun
|
Source: Vancouver Sun
|