Is your development feasible?

When it comes to property development, make sure you take extra precautions before cutting the ribbon on your project - conducting a feasibility study might just add up to success. Taking care of business ahead of time can help avoid costly blunders later down the road.

A feasibility study is basically a deep dive into the financials of a particular property development. It looks at what it will cost to acquire the land, build and complete construction works, handle permits and other legal processes, and provide realistic estimates of the return on investment. They can also be used to identify risks that would otherwise have been overlooked in the development process, like unexpected costs or changes in the market. By accounting for those potential issues ahead of time, developers are able to mitigate their losses and create a more profitable development.

The feasibility study is an essential part of any property development and should be conducted as early in the process as possible. At the end of the day, feasibility studies are a critical part of any property development project and should not be overlooked or skipped over. They can provide real insight into potential risks and costs as well as give developers a realistic picture of their returns on investment. By taking the time to conduct a feasibility study before committing any money to a project, developers can save themselves from costly mistakes down the line while also increasing their chances of achieving success with their investments.

At attain+ we advocate that the feasibility study might in actual fact be the most important step in the journey of nearly all types of development. One which is often (sadly) overlooked in Cambodia.

Get in touch to see how we can help you and your next development project.