The price and rent premium for residential property co-located with green space is clear and growing, highlighting the opportunity for property developers and institutional property owners to drive commercial returns (as well as environmental and social value) by incorporating more green open space and trees.
17%
average premium for park front
units over the last 10 years
34%
average premium for park front
houses over the last 10 years
9.6%
park front property average
annual growth
2x
almost twice the surrounding market
average annual growth of 5% pa
Source: Urbis, April 22