Think of the amenities as a suite of things that help establish the property at a certain value point within the market. Usually properties of a high calibre have a certain minimum number of amenities that are expected by potential buyers. In the Midtown location, for example, about 85% of the new development condo purchases over the last decade have been by international buyers. It would be just the opposite downtown. There's something about the amenities suite being offered in Midtown that is attracting this market.
On August 27th, 2024. See this statement in context.