In our last article, we looked at some of the legal and
commercial risks for builders, which arise out of high rise and
mixed use development construction.
So now that we have identified the risks, what can you, as a
reputable high-rise builder, do to manage them? The following tips
are a good start, but by no means exhaustive:
- Learn what you can about who will buy the units you build and
what their expectations are – for example, will they mainly
be owner-residents or investors, first home buyers seeking capital
growth, high-income earners with lifestyle expectations, retirees
and empty-nesters seeking to down-size, etc.?
- Learn what you can about the relationships and vested interests
of those who are backing the developer financially. For example,
recent events have highlighted the dangers of developers aligning
themselves financially with proponents of
"get-rich-quick" schemes who leave others to deliver on
their promises of massive returns for very little
