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Though it could be lucrative for designers, and ideal for high-income tenants, for most tenants, the massive shift toward luxury flats could place downward pressure on rents for all forms of flats,” since the Wall Street Journal noted in its article New deluxe Rental Projects enhance lease Squeeze On one hand, a standard increase in rent costs is a valid economic concern, alternatively, as new apartment supply comes on the marketplace, older stock slowly becomes more affordable.
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