Question
2 (ii)A newer city has grown rapidly over the years with a modern housing stock that has almost a constant FAR of 0.5 from its
2 (ii)A newer city has grown rapidly over the years with a modern housing stock that has
almost a constant FAR of 0.5 from its center to the edge at 20miles. A regression equation
has estimated the following relationship for the price/sqft of housing floor area:
P = 140 - 2t - 2FAR
where: P: price/sqft of floor area FAR: floor/land area ratio
t: distance from the CBD If construction costs are 100/sqft,
Given:
P = 140 - 2 t - 2 FAR
where:
P: price/sqft of floor area
AR: floor/land area ratio
t: distance from the CBD, if construction costs are 100/sqft ,
So now FAR = 0.5 , T = 20 miles
P = 140 - 2 (20) - 2 (0.5)
P = $99
Square Foot Of Vacant Land Potentially Worth At The Center Is 99 Squares.
Question:
Since there is no vacant land currently, would it be profitable to redevelop sites at the
center & how profitable is redevelopment?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started