WBA Contests Real Estate Valuation

The WBA is denouncing a real estate report from the Grace Development Agency saying that it “makes poppycock look like gold.” The report in question says that the median price of property in Imaginario in the Bay City area is 153.47 L per square meter, claiming that it is more valuable than property along the East River. “That completely ignores availability,” said WBA President Sketch Sun. “Property along the key features of the river are so sought after that they are almost never on the market. Looking at the per meter cost in outer areas gives the wrong impression. The estimated value of property along the river is 500 L per meter.”

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