Faq

Subdivision is the process of separating land parcels, condos, apartments, stores, commercial and industrial structures into independent titles in order to sell them separately.

Of course, yes. It’s understandable that you’d want to keep a garden around the rear (or side) of your house. We will be delighted to collaborate with you on your land resizing plans.

We are working on designs to construct a residential home or units. We may develop the land ourselves, or we may sell it to a third party with designs and a construction permit following a successful subdivision application.

The present property market determines the value of the parcel of land you desire to sell. In essence, if you want to sell 1/3 of your land, the value is about 1/3 of the entire property value after development and subdivision costs are deducted.

A copy of the Title Certificate will be required. This will allow us to detect any restricted covenants that may have been imposed on your property. It would be extremely helpful if you could provide copies of site plans as well as water, sewerage, and drainage layouts.

Preparing a subdivision application for council requires a lot of work from a lot of qualified personnel. We would have put a significant strain on our resources. You are legally required to complete the deal after the submission of the application.

We strongly advise you to get independent valuation opinion on the proposed subdivision. You may do this officially by obtaining an independent value or informally by contacting a real estate agent for an evaluation of what they could sell the land for. To evaluate the market capitalisation to our offer, subtract all subdivision expenditures such as land surveys, application administration, landscaping, Legals, advertising, agent’s fees, and so on. If our offer is still lower, examine if the financial balance of having a fixed price, a guarantee, and no capital investment is worth it.

We may either amend the plans to accommodate the council’s concerns, or we can file an appeal against the council’s decision. In the worst-case situation, your land is just unsuitable for development. Which is unfortunate for you, but better than attempting to subdivide yourself and incurring exorbitant consultant and legal fees with no end result.