The Global Serviced Apartments Industry Report 2008/09
The Global Serviced Apartments Industry Report 2008/09
The three most recently completed projects comprise of a total 373 apartments, however strong pre-sales have resulted in only 16% of the supply remaining. The Stamford Residences & The Reynell Terraces only has 8% of residual stock yet to be absorbed with the sale of a terrace for an undisclosed price being the most recent transaction. There is no new supply anticipated within the Northern Precinct until at least 2015 ensuring demand for new and established apartments will remain strong. Demand