Method of managing property development

A management method and technology of real estate, applied in office automation, data processing applications, electronic digital data processing, etc., can solve problems such as limited ability to adapt to market demand

Inactive Publication Date: 2004-06-02
AUSTRALIAN PROPERTY SYST NO 1
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  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

[0039] (f) Limited ability to adapt to market demand at the early conceptual design stage

Method used

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  • Method of managing property development
  • Method of managing property development
  • Method of managing property development

Examples

Experimental program
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Embodiment 1

[0077] Fig. 1 and Fig. 2 show the flowchart of the preferred method for developing real estate in embodiment 1.

[0078] stage 1 : Negotiations with landowners begin upon the identification of suitable plots by the development manager (10). A development management agreement is signed between the development manager and the landowner, according to which the development manager helps the landowner to realize the value-added of the land by obtaining the necessary development permits and establishing the development concept of the plot (12). The development manager earns no income on the land, but acts as an independent contractor for services provided to the landowner for a service fee. The Development Management Agreement gives the Development Manager the necessary authority to carry out an initial feasibility study for the development of the proposed site(14). It is important to realize that there is no transfer of land title to the development manager or any financial suppo...

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Abstract

A computerised method for developing real property a land owner, builder, end buyers and a development manager are given participatory roles in the development process wherein returns produced by the development of land and realisation of development rights attaching to land are accesible to the land owner and other profit participants; realisation is not limited to receipt of a return on the land value only through the disposition of the land to a developer, and wherein the development can be carried out on a computer generated model of the land together with any improvements thereon and official titles to the real property can be issued by relevant authorities and a financial settlement able to occur on the titles prior to commencing and or completing any civil works or construction on the land.

Description

field of invention [0001] The present invention relates to real estate, especially but not limited to computerized methods in real estate development, wherein real estate development can be carried out on a computer model of the land, value-added proposals can be incorporated into geographic models and information systems, and real estate title certificates can be formally issued. Financial settlements of titles issued prior to the commencement and / or completion of civil facilities or building construction on the plot may be amended. Background of the invention [0002] In the traditional real estate development model, a single development entity carries out the entire process from acquiring land to selling finished properties (i.e. residential, commercial, industrial or odd). [0003] Plots for development are acquired from landowners under conditions of contract or similar option arrangements, so land is acquired to meet development prerequisites (such as approvals, satisf...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q10/10G06Q30/02
CPCG06Q10/10G06Q30/02G06Q40/06
Inventor 珀瑞·威尔克伯瑞恩·伯纳德·威尔克乔弗瑞·斯特沃特·杰米逊
Owner AUSTRALIAN PROPERTY SYST NO 1
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