Speculative activity falls out of favour.

Byline: Thabang Mokopanele

Speculative activity falls out of favour Property companies learnt the hard way in 2008-09, writes SA IS not likely to see a hive of activity in major speculative developments after some listed property companies learnt the hard way in 2008-09, leading to an oversupply of space in the industrial, office and retail sectors from speculative activity. Some listed companies have stated in their interim and year-end results that they will not do speculative developments unless the proposed projects are substantially pre-let. Meago portfolio manager Jay Padayatchi says funding for speculative residential development will be hard to come by as many nodes …