Why are prices for new apartment buildings in Pakistan so expensive. Pace Towers and Boulevard Heights in Lahore and Creek Marina in Karachi are all asking between 9,000 rs and 10,000 rs per square foot.
That means a 1600 sq ft apartment costs 14,500,000 rs. One can buy a houses in Defense for this price. I prefer an an apartment. But ......
Why are these apartments so expensive?
Is anyone paying these prices?
Is there any chance that one's investment will be profitable over time? In other words, be able to sell later at a higher price?
Is apartment living in Pakistan going to become more desirable as Pakistan strives to be more Western?
Any information will be greatly appreciated. 
