"As part of its Part V social housing requirements, Sandford Living is proposing to sell 56 of the planned 562 apartments to the City Council for social housing. It has put a price tag of €1.03m on the largest three-bedroom apartment. A recent study by property-valuation firm Geowox found that Dublin 6 is the most expensive Eircode in the State, with the median price for a home rising to almost €800,000 in the third quarter of last year."
"The developers are seeking between €977,154 to €978,039 each for three other three-bed apartments. The lowest price among the 56 proposed social housing units is €365,300 for a studio apartment. Indicative prices for the two-bedroom units range from €690,917 to €820,217. In all, the developers are planning to sell five three-bed units, 27 two-bed units, 14 studios and 10 one-bed apartments to the council. A final price will be reached after planning permission has been secured."
Sandford Living Ltd is seeking planning permission for a €356 million, 562-apartment scheme at Sandford Road and Milltown Road in Dublin 6. The company proposes to transfer 56 apartments to Dublin City Council under Part V social housing, valuing them at €35.54 million. Prices for the council units range from €365,300 for a studio to €1.03 million for the largest three-bedroom unit, with two-bed units priced between €690,917 and €820,217. The 56 units comprise five three-beds, 27 two-beds, 10 one-beds and 14 studios. The development was reduced from 636 to 562 units amid prior judicial reviews and decisions remitted to An Bord Pleanála.
Read at Irish Independent
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