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Break Open Those Piggy Banks
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Written by Hak
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Tuesday, 20 May 2008 |
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Break Open Those Piggy Banks By SL Hak So how much does a 512 SqM lot on Mainland now command? A quick search of LL Land Sales displays the lowest priced at L$2,100, that's L$4 per SqM. How about paying L$120 per SqM? That's what a recent lot reached in a LL auction, beating off 43 others in the process. This lot was located in prestigious West Haven, but still represents a considerable investment for such a small piece of land. Don't worry if your a little depressed in not getting in on the action, a quick search on Mappa Novus has identified that there are another 8 lots for sale, they'll cost you a little more with the cheapest at L$84,500 equating to L$165 per SqM.
Now many may have good reasons for spending this type of money for a small lot which they can call home, there's the lack of ad farms, investment opportunities and it's located next to the Bay City development. The big question is will its big neighbor Bay City attract similar interest? LL has announced that the auction will commence this week, possibly as early as today and it is likely that these lots will be sold for in excess of L$120 SqM. This may however depend on how they are released by LL, will they trickle through or allow them to be sold almost simultaneously. Only time will tell but a 512 SqM lot is likely to cost as much as an OpenSpace sim, if you're flipping this may be a risky venture but for businesses wishing to position itself in the new heart of SL the risk will be negligible. If you have any news you can IM or e-mail Hak on
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