A critical assessment of pre-construction property development principles and process in Queensland, Australia

Research evidence suggests that property development is an integrated process revolving around numerous concepts that link distinct phases in the development cycle. This study acquaints the reader with key performance areas that make up the integrated development process. It conducts a literature di...

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Main Author: Preller, Ferdinand Theodorus
Format: Thesis
Language:English
Published: Curtin University 2009
Subjects:
Online Access:http://hdl.handle.net/20.500.11937/1009
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author Preller, Ferdinand Theodorus
author_facet Preller, Ferdinand Theodorus
author_sort Preller, Ferdinand Theodorus
building Curtin Institutional Repository
collection Online Access
description Research evidence suggests that property development is an integrated process revolving around numerous concepts that link distinct phases in the development cycle. This study acquaints the reader with key performance areas that make up the integrated development process. It conducts a literature discourse and empirical assessment of the pre-construction principles and process of commercial property development. The theoretical exploration of the study area establishes a sound secondary data base from which the comparative empirical research is conducted by way of questionnaires issued to and received from a sample of Queensland based property developers. Data obtained from the questionnaires is statistically analysed and explored.This study also seeks to explore the common principles and characteristics of the property development process as they occur prior to the commencement of construction activities, within the context of commercial property in broadly capitalist terms - i.e. commercial entities seeking profit. The approach taken is to match theory, from the literature on models of the development process, with practice.The study finds that Queensland based property developers do indeed apply sound pre-construction development principles and process within a structured framework. The findings also concluded that the following three key performance areas identified in the study make up the pre-construction development framework and are equally soundly applied by the property developers. • Location studies and site selection. • Market research and property markets. • Feasibility principles, design development and financial analysis.
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spelling curtin-20.500.11937-10092017-02-20T06:40:31Z A critical assessment of pre-construction property development principles and process in Queensland, Australia Preller, Ferdinand Theodorus property developers key performance areas Queensland property development commercial property development process pre-construction principles Research evidence suggests that property development is an integrated process revolving around numerous concepts that link distinct phases in the development cycle. This study acquaints the reader with key performance areas that make up the integrated development process. It conducts a literature discourse and empirical assessment of the pre-construction principles and process of commercial property development. The theoretical exploration of the study area establishes a sound secondary data base from which the comparative empirical research is conducted by way of questionnaires issued to and received from a sample of Queensland based property developers. Data obtained from the questionnaires is statistically analysed and explored.This study also seeks to explore the common principles and characteristics of the property development process as they occur prior to the commencement of construction activities, within the context of commercial property in broadly capitalist terms - i.e. commercial entities seeking profit. The approach taken is to match theory, from the literature on models of the development process, with practice.The study finds that Queensland based property developers do indeed apply sound pre-construction development principles and process within a structured framework. The findings also concluded that the following three key performance areas identified in the study make up the pre-construction development framework and are equally soundly applied by the property developers. • Location studies and site selection. • Market research and property markets. • Feasibility principles, design development and financial analysis. 2009 Thesis http://hdl.handle.net/20.500.11937/1009 en Curtin University fulltext
spellingShingle property developers
key performance areas
Queensland
property development
commercial property development process
pre-construction principles
Preller, Ferdinand Theodorus
A critical assessment of pre-construction property development principles and process in Queensland, Australia
title A critical assessment of pre-construction property development principles and process in Queensland, Australia
title_full A critical assessment of pre-construction property development principles and process in Queensland, Australia
title_fullStr A critical assessment of pre-construction property development principles and process in Queensland, Australia
title_full_unstemmed A critical assessment of pre-construction property development principles and process in Queensland, Australia
title_short A critical assessment of pre-construction property development principles and process in Queensland, Australia
title_sort critical assessment of pre-construction property development principles and process in queensland, australia
topic property developers
key performance areas
Queensland
property development
commercial property development process
pre-construction principles
url http://hdl.handle.net/20.500.11937/1009