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Imtiyaz |
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imtiyaz@engineer.com |
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Plot # 33, Road # 102, Sector # 3, United City, Dhaka |
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Real estate prices in Manhattan & Chunati / BD ::: a sharp contrast |
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12/4/2009 |
BARGAIN seekers, nostalgists and ascetics, take heart: the $200,000 apartment has returned to Manhattan.
It is something of a homecoming. The turbocharged market of recent years left the island all but walled off from middle-class buyers and sent younger New Yorkers scurrying to the outer boroughs. But as prices fall sharply and sellers hope to attract reluctant buyers, numbers that seem a relic of a bygone era have re-emerged.
With all the chatter about bargains, the time seemed ripe to explore just how low one could go in one of the most expensive real estate markets in the world. A bit of hunting turned up 10 studio apartments in prime Manhattan neighborhoods. The most expensive: $269,000. The cheapest: $199,000.
To answer the obvious question: yes, these places are small. How small? Combine the square footage of all 10 apartments and you’ll fill less than half of the Rockefeller Center skating rink.
[http://199.239.136.200/2009/04/12/realestate/12cov.html]
Compare that with land prices in Chunati (its virtually impossible to find any real estate inside chunati ..although one can manage a few in the outskirts of the village perhaps bordering the highway en route to Cox's Bazar or Chittagong) & in greater Dhaka/Chittagong region, the real estate prices show no signs of abating.
One of my classmates from Chittagong Govt High, Mahin after a humble beginning with 3 years B Com degree ended up becoming the Digital Video Editor in Channel i( & he is scheduled to tour Germany this year ..) bought a piece of 3 katha plot deeply immersed under water in Motijheel for 19 lakhs taka told me yesterday how the price has trippled in 3/4 years and the land's handover date has been all but postponed for another 2 years due to interim govt's intervention (perhaps they had a High Court order to justify the delay and temporal freezing of work for 2 years). But 2011 is not all that far away and InshaAllah he will finally own what he paid for.
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