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Construction (Features of building industry in Hong Kong (Require…
Construction
Features of building industry in
Hong Kong
Competition largely on price
High risk but low return
Success depends on management
High level of subcontracting
Labour intensive but inadequate skilled workers
Require qualified tradesman
100 trades for test and
registration
As a permit to work at construction site
Government contracts normally with teams of supervisory
staff
Perform quality control
Construction Stage of Projects
Stage for contractor to possess site & construct
the building according to design
contractor has to
plan & engage suitable resources including
labour, materials, plant and technology
Require works permit from building department
extensive system of
subcontracting
nominated specialist
subcontractors or domestic subcontractors
nominated subcontractor will benefit both the client and nominated sub-contractor
Planning & Development
Surveyors
The strategist in property
development industry with
expertise in seeing the
invisibles
Role
A. Property Development
Project Feasibility Study
-Advising on property and development values
-Proposing appropriate land acquisition
-Advising on costs & sources of finance
-Cash flow analysis
Land Administration Input
-Interpretation of lease conditions
-Compliance with the lease conditions
-Modifications to the lease conditions
-Negotiating with the Government (including the
land premium)
Execution of the lands document
Town Planning Applications
-Approval from the Town Planning Board
Advising on zoning implications
Proposing strategies to submit planning
applications, review and/or appeal
Project Management
-Monitoring the project progress against
the development programme
-Advising on re-distribution of resources
and resolve issues
Project Evaluation
-Monitoring changes in financial situation
-Continual evaluation of the development
proposal throughout the development
process
-Inputting actual cash flow and
forecasting income and expenditure
Regular review of the property market
and changes in supply and demand
B. Town Planning
Public Sector
-Participating in the preparation of
statutory town plans under the Town
Planning Ordinance and the non-statutory
departmental and layout plans
Private Sector
Advising clients on the extent to which
the use and value of their land and
property would be affected by town
planning and environmental policies
Other Professional Services
-Environmental/Ecological Impact Assessment
(EIA)
-Drainage Impact Assessment (DIA)
-Traffic Impact Assessment (TIA)
-Geological Impact Assessment (GIA)
-Landscape & Visual Impact Assessment (LVIA)
-Social Impact Assessment (SIA)