Quote:
Originally Posted by Hehe
If the area is already allowing rezoning into highrises, the price should already been factored into. Say your land was originally 1M at 1.0 FSR, when it can be adjusted to say even 2.0 FSR, the price would adjust accordingly since there's little doubt for a developer to come to buy it, the question is when.
But the reality is that developers/land-assemblers work their way down. They would start with the largest parcels and offer the most premium. Unless your property is among the largest on your block, your chance of getting super high offers is unlikely.
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That's true, if you look at the developments in burquitlam or metrotown there are some greedy/stubborn mfers that either asked too much or refused to sell and the developer said fuck you and built around them. Now their land is worthless and they are surrounded by towers with zero privacy.