Question: Total development costs (including sufficient profit for the developers) are $870/m 2 (per square metre). Investors are willing to pay property prices of $22.38 per
Total development costs (including sufficient profit for the developers) are $870/m2 (per square metre). Investors are willing to pay property prices of $22.38 per dollar of current rental income. What is the replacement cost rent in this market?
Select one:
a.
$27.45/ m2
b.
$39.05/ m2
c.
$43.07/ m2
d.
$41.78/ m2
e.
$38.87/ m2
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