Land Acquisition is an art. It requires instinctivity, creativity and vision to transform a concept into reality.
As a science, it is a systematic progression through a series of activities in order to accomplish a successful outcome – in our case, the delivery of a completed and desirable project.
In order to identify those sites that present themselves as investment opportunities for our clients, we will undertake a series of processes before we make the decision to acquire. These processes include market analysis (is this a suitable site for overseas buyers?) and formal due diligence (is the land for sale and without debt?).
The primary consideration for BestHome is an understanding of market opportunity – in short, if we build here, does the project present a good investment opportunity for our clients? Market analysis provides the information needed in order to determine the most marketable product, to establish competitive pricing and identifying any niche opportunities – for example, what unique opportunities does this land present that have not previously gone before.
Another primary consideration is project composition – is there a higher demand for smaller or larger units – based on assessment of the sales in previous projects and an understanding of current demand, we will know if 1 bedroom apartments should feature more, or whether 2 bedroom units (or larger) should be in the majority.