The Sophia is in receivership now, but other developers like Cindy Park with Polygon Homes, say it's an isolated incident. "Polygon's been building homes for the last 27 years. We're very good at guess-timating and also being aware of construction costs and other issues that come up when you're developing and selling pre-sale."
Tuesday, February 26, 2008
Vancouver still safe to enter the condo pre-sale market
Real estate developers in Vancouver say it's still safe to enter the condo pre-sale market. Developers at the B.C. Real Estate Convention in downtown Vancouver say problems like those encountered by The Sophia's developer are rare.
