And Premium-Class ST. PETERSBURG
RUSSIA ST. PETERSBURG RESIDENTIAL MARKET Business- and premium-class 2019 RESULTS 2 | St. Petersburg January 2020 January Residential Market of business- and premium-class | Colliers International | Colliers and premium-class of business- Market Residential * MONODOM na Malom (Alpha), the exclusive broker of the project is Colliers International. KEY INDICATORS OF BUSINESS- AND PREMIUM-CLASS 2018 2019 Commissioned, thousand sq m* 480 337 New supply, thousandsq m* 758 627 Demand, thousand sq m** 284 342 Demand, apartments** 5,060 6,540 Weighted average bid price for classes at the end of 2019, RUB/sq m Business-class 152,400 171,700 Premium-class 202,400 221,400 * The total area of residential premises, including balconies and loggias. ** Total sales committed by physical persons in 2019. 3 Residential Market of business- and premium-class | Colliers International | Colliers and premium-class of business- Market Residential 2020 January SUPPLY | St. Petersburg | St. Petersburg At the end of 2019, 3.45 million sq m In January–December 2019, thirty-four of residential space was commissioned new projects were launched on the in St. Petersburg, which is 13% less St. Petersburg market. The increase in than the record year 2018, which new supply amounted to 627,000 sq m of saw the delivery of 3.95 million sq m. residential space in new and completed complexes, which is 17% less than in 2018 In the business and premium segments, (758,000 sq m). This decrease is due to the volume of completed residential the fact that the bulk of projects went on space amounted to 337,000 sq m, which sale at the end of 2018: developers tried is 30% less than in 2018 (480,000 to bring projects to the market before sq m).
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