Expressions of interest in buying a share—a permanent entitlement to a propinquitously located apartment in a Propinquity City, cost of about 40,000USD plus a yearly rates fee (covering maintenance and governance)
That seems like a pretty small apartment. https://www.fixr.com/costs/build-apartment suggests that from 5 to 10 floors (which you want for density) you pay between $175 and $250 per sq.ft. That means you pay at least ~$1900 per m2.
If all $40,000 get used for the apartment it gets you a 21 m2 small one-room apartment. In reality you would also have to build roads and a lot of other infrastructure when creating a new city from scratch.
Big building projects also often face cost overruns.
That seems like a pretty small apartment. https://www.fixr.com/costs/build-apartment suggests that from 5 to 10 floors (which you want for density) you pay between $175 and $250 per sq.ft. That means you pay at least ~$1900 per m2.
If all $40,000 get used for the apartment it gets you a 21 m2 small one-room apartment. In reality you would also have to build roads and a lot of other infrastructure when creating a new city from scratch.
Big building projects also often face cost overruns.