The Land Conversion Process (I)
by Chun Tung CHAN
1. process
1.1. Project inception
1.1.1. idea
1.1.2. potential realization
1.1.3. see the invisibles + value the visible potential+appraise synergies(1+1>2)
1.1.4. feasibility studies
1.1.5. design concepts
1.1.6. factors: market and financial+legal+technical
1.1.7. realize additional value+meet demand+keep it fit
1.2. land acquisition
1.2.1. auction
1.2.2. public tender
1.2.3. exchange
1.2.4. modification
1.2.4.1. e.g. MeiFoo, Whompoa
1.2.5. private sale
1.2.6. JV
1.2.7. acquire and redevelope
1.3. feasibility studies
1.4. choice of sites
1.5. project finance
1.5.1. debt financing
1.5.2. equity financing
1.6. project design and approval
1.7. project management
1.8. contract procurement
1.9. construction
1.10. completion
1.11. market and disposal
1.12. management and maintenance
1.13. refurbishment
1.14. rebirth/redevelopment
2. experts
2.1. GP surveyor
2.2. P&D surveyor
2.3. Building Surveyor
3. real estate
3.1. Great GDP contribution: $183B
3.2. Sth stick to the ground that is difficult to change or remove.
3.3. provide employment opportunities
3.4. relies on:
3.4.1. location
3.4.2. timing
3.4.2.1. interrelated markets->look for signs of global economy
3.4.3. government policy
3.4.4. culture
3.4.5. demography
3.4.5.1. Double aging: population+property stock
3.4.6. economic model and trend