16_006 Successful property development - Checklist

1. Initial planning meetings

  • Discuss project goals, objectives, and scope.
  • Share insights on market research and target audience.
  • Align on the overall vision and potential challenges.

2. Site selection meeting

  • Present potential site options and their advantages.
  • Discuss site feasibility, zoning regulations, and infrastructure.
  • Make decisions on site selection based on consensus.

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3. Investment presentation meeting

  • Present the project’s financial projections and ROI potential.
  • Address questions and concerns from investors regarding returns and risks.
  • Discuss investment terms, equity participation, and funding arrangements.

4. Design and development meeting

  • Collaborate on the project’s architectural and engineering design.
  • Review design concepts, layouts, and materials.
  • Ensure the design aligns with market preferences and budget constraints.

5. Preconstruction planning meeting

  • Discuss project timelines, milestones, and critical paths.
  • Coordinate with construction teams for seamless transition from design to build.
  • Review preconstruction budgets and ensure alignment with financial plans.

6. Financing and funding meeting

7. Marketing strategy meeting

  • Develop a comprehensive marketing plan to attract potential buyers or tenants.
  • Share insights on target demographics, pricing strategy, and branding.
  • Discuss promotional activities, digital presence, and advertising campaigns.

8. Project milestone review meeting

  • Evaluate progress against project milestones and timelines.
  • Address any unforeseen challenges or delays and discuss mitigation strategies.
  • Ensure all stakeholders are updated on the project’s status.

9. Construction progress meeting

  • Review construction progress, quality, and adherence to design plans.
  • Address any construction-related issues or changes required.
  • Coordinate with contractors and subcontractors to ensure the project remains on track.

10. Budget review and control meeting

  • Review the financial status against the budget and make adjustments if necessary.
  • Discuss any unexpected expenses, cost overruns, or savings.
  • Ensure financial transparency and accountability.

11. Pre-sale or leasing strategy meeting

  • Discuss strategies for pre-selling units or leasing space before completion.
  • Plan open houses, virtual tours, and promotional events.
  • Coordinate with realtors to attract potential buyers or tenants.

12. Project completion and handover meeting

  • Review the final product and ensure it meets quality standards.
  • Plan for the handover of units to buyers or tenants.
  • Discuss post-construction warranties and maintenance plans.

13. Investor reporting meeting

  • Present regular financial reports to investors detailing project performance.
  • Discuss actual vs. projected returns and provide transparency on financial matters.
  • Address any investor inquiries or concerns.

14. Closing and sales finalisation meeting

  • Coordinate final sales or lease agreements with buyers or tenants.
  • Discuss closing documents, legal requirements, and transfer of ownership or occupancy.
  • Ensure a smooth transition to the operational phase.

15. Post-development review meeting

  • Reflect on the project’s successes, challenges, and lessons learned.
  • Discuss opportunities for improvement in future projects.
  • Collect feedback from all stakeholders for continuous improvement.

16. Monthly joint venture meetings

  • Facilitate discussions between joint venture partners.
  • Review project progress, financials, and strategic decisions.
  • Ensure alignment on goals, objectives, and contributions.

17. Business planning meetings

  • Align on the long-term business strategy and direction.
  • Discuss new market opportunities, growth plans, and diversification.
  • Identify potential challenges and formulate strategic solutions.

18. Biweekly scheduling meetings

  • Review the project schedule every two weeks.
  • Address any changes, delays, or adjustments to timelines.
  • Coordinate tasks and ensure teams are aligned with the project plan.

19. Construction coordination meetings

  • Coordinate with contractors, subcontractors, and suppliers.
  • Address construction progress, challenges, and resource allocation.
  • Discuss on-site safety measures and adherence to quality standards.