Robinson points to recovery

PUBLISHED : Sunday, 22 August, 1993, 12:00am
UPDATED : Sunday, 22 August, 1993, 12:00am

ROBINSON Heights' price trend is a good indicator of what's going on with prices for flats in the Mid-Levels, according to David Faulkner, a partner at Brooke Hillier Parker (BHP).

The latest BHP property report showed that flats, selling for $4,405 per square feet (psf) in December, have climbed to $4,720 psf, a 7.1 per cent increase.

''Robinson Heights is one of the more popular developments in the Mid-Levels. We certainly have not seen dramatic price movements, but there has been a fairly steady growth,'' said Mr Faulkner.

He said prices would probably continue drifting upward, but because it was not a luxury, upper-end development, activity would be limited.

He said Robinson flats were fairly small, in the 900 to 1,200 sq ft range, with very good facilities.