The Edge is a development we've written about before. They completed building in April 2006 although they were pre-selling units in 2004. At the time I last wrote 11 units were up for sale (not sure how many of those were resales). According to the developers page (dated May 2006) that has now increased to 15 units on the market! That's just under half the 34 apartments on sale!! If I was an "investor" who is trying to sell and there are still developer owned units (or other "investors" units trying to sell) similar to mine in the building I'd be getting nervous...
12 July 2006
The Edge: Still Half Empty
The Edge is a development we've written about before. They completed building in April 2006 although they were pre-selling units in 2004. At the time I last wrote 11 units were up for sale (not sure how many of those were resales). According to the developers page (dated May 2006) that has now increased to 15 units on the market! That's just under half the 34 apartments on sale!! If I was an "investor" who is trying to sell and there are still developer owned units (or other "investors" units trying to sell) similar to mine in the building I'd be getting nervous...
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