Real estate development is a complex process which requires professional expertise and judgment. General Practice Surveyors as a development consultant provide a comprehensive range of professional services throughout the development process.
Prior to implementation of a development proposal, professional inputs can be provided in site search and in advising on land acquisition strategies and property values. General Practice Surveyors carry out detailed market researches to recommend on the development components and the optimum scale of development in order to maximize the project return. Financial assessments including cashflow analysis, land costs and project return estimates and sensitivity analysis can be undertaken to evaluate the viability of the development proposal. The Surveyors also assist in the preparation of development and design briefs to facilitate subsequent implementation of the project.
Depending on the statutory town plan zoning within which the development site falls, development proposal may require approval from the Town Planning Board. General Practice Surveyors have the expertise to advise on the zoning implications and the application strategies and to submit planning application, review and appeal on behalf of the developer. Where required, the Surveyors will co-ordinate with other professional expertise for preparation of the necessary technical impact assessments as attachments to the application. The Surveyors also provide services to raise planning objection against gazetted amendments to the town plan in order to secure the interests of the land owner.
General Practice Surveyors specialize in the interpretation of lease conditions which govern the development that is permitted on site. Advice can be given on whether a development proposal is complied with the lease conditions and whether a modification to the lease conditions or a surrender and regrant of the land lease is required. When required, the Surveyors can act for the land owner to submit an application to the Lands Department for lease modification or surrender and regrant of the land lease, negotiate with the government on the terms and conditions including land premium and assist in the execution of the land documents.
Property development requires inputs from various disciplines. We co-ordinate among different disciplines in order to monitor the project progress against the development programme, advise on re-distribution of resources where required and to resolve issues arising during the development process. In order to update clients on the change of financial position of the project throughout the development process, we carry out continual evaluation of the development proposal by inputting the actual cash inflow and outflow as well as a more accurate forecast on future incomes and expenditures. A regular review of the property market trend can ensure that the development meets the client's requirement as well as the supply and demand situation in the market.