Here's how you can navigate change and maintain adaptability as a real estate developer.

Information is the first step towards evolution. One thing about the real estate industry is that it is always changing. There are new regulations and trends to learn at all times. If you don't make an active effort to keep yourself informed, you will miss out on crucial turning points and hence lag behind in your career. So sign up for newsletters, read magazines, and keep in touch with other professionals.

With a background in finance, I thoroughly enjoy being a developer. It is a multifaceted role that blends finance, marketing, architecture, and construction. The key elements are securing leverage, having sales agents in multiple countries, and partnering with an experienced contractor.

Crear una red de clientes, contactos y referidos es un desafío que lleva una inversión de tiempo, dinero y recursos. Si tenemos experiencia en otra actividad comercial y nuestro trabajo es reconocido; tenemos una parte del desafío cumplido. A partir de pandemia incursione en inmobiliaria y comprendí que el turismo y la inmobiliaria tienen un punto de contacto : los hoteles y los alojamientos turísticos. Actualmente sigo creando lazos entre ambas actividades asociándome con los pocos expertos en este segmento. Mi recomendación es: - Comparte información sobre tu nueva actividad con tu red de contactos, informalos. - Crea un perfil en redes - Asociate con los expertos; marcas y personas.

To excel as a real estate agent, it is crucial to comprehend the art of networking, staying abreast of numerous issues, and constantly be engaged in marketing. The real estate market is constantly evolving daily, with information being an essential resource. However, maintaining expert knowledge in your field is indispensable, yet if you fail to foster relationships, you may find yourself limited in your potential reach.

O mercado imobiliário é muito dinamico. As necessidades dos clientes mudam, as cidades s?o organismos vivos que se alteram ao longo do tempo, as formas de financiamento se alteram constantemente. E esse dinamismo exige do profissional do mercado imobiliário maturidade e flexibilidade para se adaptar, atualizar projetos e até o projeto de carreira deve ser flexível.

One of the biggest challenges in this field is to add flexibility from the detail planning level. In estonia its often meticolously defined by the city planning department exactly what % of residential and commercial is allowed which results in rigid and unresilient zoning laws. Often this leads to tiresome talks to change them later on or creates weird schemes like offices which are sold with readiness to accomodate living units, but lack the needed loan opportunities for families etc (bigger down payments etc) We always aim towards maximum flexibility in planning phase since the market demand and owners ideas can change alot over the years.

As the CEO of a luxury property platform, I can affirm that flexibility in planning is the cornerstone of our operation. We are inherently in an industry that's exposed to changes in consumer preferences, economic fluctuations, and policy changes. Therefore, it's imperative to have our development projects encase robust contingencies that allow for smooth pivoting in unforeseen dynamics. In the context of our business that primarily revolves around luxury properties, this might mean designing our buildings with a level of adaptability that can be easily manipulated to meet shifting lifestyle trends or customer needs. It also extends to having a diversified financial strategy to mitigate the uncertainties of the variable economic landscape

I m totally agree with what is said above. I always leave some rooms for me to maneuver when market respond to my project. This will ensure higher chance for success in developing and selling a project.

Flexibility in planning is essential to adapt to change, but relying too heavily on contingencies can also be a crutch that stifles true innovation. Overemphasizing adaptable designs and alternative financing can lead to complacency, where developers become too comfortable with mediocrity instead of pushing boundaries. This mindset can result in generic projects that lack vision and fail to stand out in a competitive market. Instead of merely planning for the unexpected, we should cultivate a culture of proactive foresight, where bold, visionary ideas are encouraged and pursued. This approach drives real progress and sets new benchmarks in real estate development.

Embracing technology early in real estate development is about more than staying current—it's about ?????????????? ?? ?????????????????? ??????????????????. Tools like AI-powered feasibility software streamline site analysis and project planning, while generative design algorithms optimize layouts for maximum efficiency and aesthetics. Adopting these innovations early allows you to adapt swiftly to market changes, enhance project efficiency, and deliver superior value. ???????? ?????????????? ?????? ??????????????????; continually scout for new tech that can drive efficiency and value in your projects. ?????????? ???????????????? is the key to staying ahead in a rapidly evolving industry.

To navigate change and stay adaptable as a real estate developer, it's crucial to adopt technologies that have proven successful in other countries. In Malaysia, the tendency is often to react to changes rather than embrace them proactively. Take smart home technology, for instance: it has been widely promoted internationally, yet only in the last 1-2 years have Malaysian developers started to highlight it. By keeping abreast of global tech advancements and integrating them locally ahead of competitors, developers can lead the industry and better meet evolving consumer expectations.

Real estate developers need to embrace technology to enhance efficiency, make data-driven decisions, reduce costs, improve sustainability, foster better communication, stay competitive, and meet modern customer expectations.

While I agree that developers should always be in the trend especially when it comes current technology, it is also important that the projects should also be geared towards being customers centric as they are truly the primary users of the property and comfort and convenience should always be prioritized and as the age of AI is already upon us, developers should apply these aspects to add more convenience to the users making their living more comfortable and efficient.

A inova??o é vital para se manter competitivo e adaptável. Em um dos nossos projetos, introduzimos tecnologias de constru??o modular para acelerar o processo e reduzir custos. Além disso, adotamos solu??es de sustentabilidade e casas inteligentes para atrair compradores mais conscientes ambientalmente. Essas inova??es n?o só diferenciaram nossos empreendimentos no mercado, mas também nos permitiram responder rapidamente às mudan?as nas preferências dos consumidores.

Development is about bring progress to a community. It is also about be part of the contributor for a better society at large. We cannot run away from engaging the community where we are developing something. Community is made up by the people. And people is the foundation of our market that we swear to serve.

La interacción con la comunidad local es vital para el éxito de cualquier proyecto inmobiliario. Involucrar a residentes, empresas y funcionarios del gobierno proporciona una comprensión profunda de las necesidades y preocupaciones del área. Este compromiso puede realizarse mediante reuniones públicas, encuestas o sesiones de planificación colaborativa. Incorporar las opiniones y comentarios de la comunidad en el dise?o y ejecución de los proyectos asegura que estos sean bien recibidos y apoyados, lo cual es crucial a largo plazo. Además, la participación comunitaria puede identificar oportunidades y desafíos que de otro modo podrían pasar desapercibidos, fortaleciendo la relación con los stakeholders y mejorando la reputación del promotor.

Muy importante: Asegúrate que tu producto represente a tu sociedad. Asegura la factibilidad financiera dentro de tu sociedad.

One mistake that is made over and over again by real estate developers is failing to engage the community. Public outrage to a proposed planned development can really make a huge impact on lost time. Time is money. To gage the room so to speak will go a long way to grant you vision as you move forward. Furthermore, population demographics of the area combined with commercial retail, office or housing demographics will give you real insight to what the area may need verses what you want to place as a development. Sucess of the project no matter the development is the real goal.

It’s wise to engage all of your stakeholders early and often. Collaborating closely with them can help identify and mitigate risks. It’s important to delineate roles and responsibilities for all parts of your real estate project and to make sure they’re properly staffed. Relying on faulty assumptions can lead to issues with costs or expenses that are preventable. If there are particularly challenging part of a project that demand attention, considering bringing in outside help, like using an expeditor to navigate the permitting process.

Everything is uncertain and unexpected circumstances should always be in mind. Ergo, contingency planning would greatly help in risk management.

La gestión de riesgos es esencial para la adaptabilidad en el desarrollo inmobiliario. Identificar riesgos potenciales como caídas del mercado o retrasos en la construcción desde el inicio permite desarrollar estrategias efectivas para mitigarlos. Diversificar la cartera de proyectos, obtener seguros adecuados y establecer acuerdos contractuales sólidos son algunas de las medidas clave. Un plan de gestión de riesgos bien estructurado permite a los promotores navegar en tiempos turbulentos con confianza, minimizando el impacto de los imprevistos y asegurando la continuidad y éxito de los proyectos. La anticipación y preparación ante los riesgos potencian la capacidad de adaptación y la resiliencia del negocio inmobiliario.

One of the hardest aspects to development, management and ownership in general is risk management. To successfully mitigate risk is to essentially protect yourself, stakeholders, partners, investors from liability and cost. Development has a lot of unforeseen risk because of the unknown at inception of any project. Due diligence can only go so far when economic factors that are out of our control, and supply uncertainty cannot be accurately gaged. These things are not as cut and dry, or black and white as they seemed to be in the past. Forecasting economic downturns and disruptions in supplies cannot be met lightly anymore. Recent years has shown us to try to expect the unexpected.

Training should always be included in all levels and departments of a developers internal and external organizations. It is like always putting oil in a complex machinery so as to move in its highest efficiency.

The Real Estate investment opportunities in this country are Dynamic. What works here and now wont necessarily work somewhere else or some other time. Every facet of Real Estate is dynamic except people's need for housing. Continuous learning is paramount to success over the long term

La educación constante forma parte del éxito empresarial pero la capacitación del personal es importante para el desarrollo personal y del entorno. La actualización en programas y certificaciones fomenta y respalda mejor la industria.

Continuous learning has been pivotal in my real estate development career, driving growth. Embracing seminars on sustainable practices and urban planning reshaped project approaches. Applying insights from recent workshops elevated a residential project, enhancing its appeal and sustainability. This commitment ensures projects align with market demands, fostering personal and professional growth in the dynamic real estate sector.

What’s nice about continuous learning is once learned, you have that new skill to use. Whether taking on a different type of project or volunteering on a committee to help develop something out of your comfort zone or usual scope. I find there is always value in learning new skills and thinking in new ways. Embracing technology and actually using it to work smarter not harder is critical too.

Overall, our experience as a real estate developer marketing staff has been marked by innovative projects that have contributed to the growth and development of the real estate sector in the Philippines.

Sustainability goals, climate and socio-environmental risk assessment in projects, and commitment to ESG criteria are imperative.

Early in my career in real estate development, I learned a crucial lesson about strategic planning during a mixed-use project in 2012. We identified a demand for residential and retail spaces, but a few months in, new zoning regulations threatened our plans. Instead of panicking, we revisited our feasibility studies and engaged local stakeholders through community meetings. By emphasizing economic benefits and sustainability, we gained support and adapted our design. This flexibility ensured the project stayed on track, reinforcing the importance of strategic planning, market research, and stakeholder engagement in successful real estate development.