Savills International, a leading international property consultancy firm, has recently increased its valuation price for One Homes’ upcoming luxury residential project in Islamabad to Rs 31,100 per square foot.
The news has generated a great deal of interest in the real estate industry, as it indicates strong confidence in the project’s potential for success. The new valuation price reflects a 25% increase over the previous valuation in just 6 months, which is a significant jump and suggests that Savills International is optimistic about the market demand for high-end residential properties in Islamabad.
Nestled in the heart of a vibrant city, One Serene Residences is a tailor-made development designed specifically for overseas Pakistanis, offering a perfect blend of luxury urban living and a resort lifestyle. These luxurious residences will provide a comfortable and relaxing haven where one can create cherished memories with loved ones, boasting state-of-the-art amenities, breathtaking views, and unparalleled comfort. The project will add value in terms of modern and luxurious living spaces in Pakistan.
Considering the market conditions and growing demand for vertical housing in the twin cities, Savills noted that developers have increased prices by up to 25% in 2023. The report highlights the growing demand for vertical housing, which is driving up prices in the market. In response to the current market trend and rising valuations, One Homes will be revising their launch rates significantly upwards for the upcoming launch of One Serene Residences.