REAL 1700 Chapter Notes - Chapter 3: Site Analysis, Carbon Footprint, Deed
23 Sep 2016
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Evaluation of site feasibility and the purchase of the site are the initial stages of property development, except when the land is in a land bank or is previously owned by the developer. Purchase of the site should come after the site feasibility and development evaluation process. The following preconditions must be in place for development: The site owners readiness to sell the site on terms of agreement and at an agreed sales price which allows a viable development to proceed. Proposed use allowable within the relevant development plan and regulations, or the acquisition of planning permission for the proposed development to proceed. The existence of infrastructure and services to support the proposed development. The existence of suitable ground conditions to support the development. A known end user or occupier demand for the proposed development. This describes the characteristics affecting site feasibility in respect of sustainability issues at the macro and micro level.
