MIXED USE COMMERCIAL – estimate

We completed feasibility study for a major Sydney developer that specialises in developing hotels and apartment towers. This project proposal includes 3 mixed use apartment buildings at 9 levels with 3 basements and 182 residential units over 18,000m2 of internal floor space in Arncliffe NSW.

The client required us to forecast the construction cost to meet the market with higher specified finishes and fixtures to achieve certain sales in a competitive market with discerning taste. We believed construction costs had increased since 2019 considering the current market of low interest rates, building material shortages and labour scarcity.

Our feasibility gave our client confidence forecasting the finance requirements and projected sales figures to determine the feasibility of the project.