You will have to consider a variety of things rather than just the percentage you have made in the past couple of months like:
1. Are you in need of cash?
2. What is the conditions of your location? Have local prices stabilized or is there an upward in new constructions in your particular location?
3. Look at other projects and compare the price per Square footage to yours and see if the 15% you have made is according to market trends
4. With the findings of the above factors, analyze ad see if the project reaches 100% completion there is a chance that the price is going to be increased by another 5-15%
But as the other fellow members are telling you...15% is a good rate but it can get much higher but then again it depends on some of the factors I explained to you above.
Units in the DIFC area for instance made in the past 14 months over 30% and it is expected that another 15-20% increase will be normal until completion of some DIFC Projects which is late 2008 early 2009...
So do your homework and do not take any rush decisions unless of couse you need the money!
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