But back to this current deal. It’s 29 hectares and 4000 houses at under $600 grand a pop. Do the numbers. That’s 72 square metres per house, that’s the land content by the way not the size of the house, although I doubt many of the houses will be a lot bigger. 72 square metres of land per house, in a country where the quarter acre one reigned supreme, and these days 300 squares is seen as about as small as you’d want.
Even if some of them are apartments, that is going to be mighty squashed. Matthew Hooton has done some calculations also:
So a density of housing akin to Manila or Mumbai.