Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Urban residential development, economic viability and urban capacity studies
Abstract This research examined new ways of investigating the economic viability of prospective urban housing development. The paper reviews both the theory and the practice of assessing economic viability. The research sought to improve the economic viability aspects of urban capacity studies that identify land and buildings that are suitable for future residential development. The methodology adopted and applied in the research proposes that viability can be judged from indicative residual values for identified sites. The values are generated from secondary data informed by professional opinion. Estimates of all development costs, other than site acquisition costs, are deducted from anticipated revenue to provide the residual values. Positive indicative residual values, if they are large enough to cover site acquisition costs, suggest that sites are viable for residential development. Whilst developed for the purposes of informing urban capacity studies, the methodology has wider applications, including informing policy actions that are designed to enhance the viability of potential residential development sites.
Urban residential development, economic viability and urban capacity studies
Abstract This research examined new ways of investigating the economic viability of prospective urban housing development. The paper reviews both the theory and the practice of assessing economic viability. The research sought to improve the economic viability aspects of urban capacity studies that identify land and buildings that are suitable for future residential development. The methodology adopted and applied in the research proposes that viability can be judged from indicative residual values for identified sites. The values are generated from secondary data informed by professional opinion. Estimates of all development costs, other than site acquisition costs, are deducted from anticipated revenue to provide the residual values. Positive indicative residual values, if they are large enough to cover site acquisition costs, suggest that sites are viable for residential development. Whilst developed for the purposes of informing urban capacity studies, the methodology has wider applications, including informing policy actions that are designed to enhance the viability of potential residential development sites.
Urban residential development, economic viability and urban capacity studies
Oxley, Michael (Autor:in) / Golland, Andrew (Autor:in) / Weston, Richard (Autor:in)
2005
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
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