Rejuvenate. Reimagine. Realise.
01 · The Challenge

Redevelopment Can Be Complex. Your Decision Shouldn’t Be.

For many societies, redevelopment begins with “Which developer should we appoint?” The more important questions come first.

Questions that should be answered first.

  • What is the actual development potential of the plot?
  • What are the applicable FSI, TDR and development regulations?
  • What can members realistically expect in the new project?
  • Is the project financially viable?
  • Which redevelopment model is appropriate?
  • Should the society appoint a developer, consider a DMA or assess self-redevelopment?
  • How should temporary accommodation and rent be structured?
  • How can the society protect itself against delays?
  • What commercial terms should be negotiated?
  • How should competing proposals be compared objectively?
  • Who will monitor the project after the agreement is signed?

Common redevelopment problems

  1. Inadequate feasibility assessment
  2. Choosing a developer too early
  3. Lack of transparent commercial comparison
  4. Ambiguous agreements
  5. Approval and regulatory complexity
  6. Transit accommodation and rent risk
  7. Construction delays
  8. Lack of professional project monitoring
  9. Internal differences within the society
  10. Loss of focus on long-term value
“What is the property capable of becoming — and what redevelopment structure is appropriate for the society?”