Comments On The Spatial Planning And Land Use Management Bill, 2011 Of South Africa
The one problem I have with the wording of the Bill relates to the whole aspect of dealing with the value of property. Investors in property, which include banks through mortgage bonds, rely on property’s inherent value. The Bill instructs that when Councils are required to make decisions, they should not allow themselves to be […]
The Legacy Of The Development Facilitation Act 67 of 1995
The Department of Rural Development and Land Reform has marked the Development Facilitation Act No. 67 of 1995 (DFA) for repeal. This particular piece of legislation had as its main objective the acceleration of the delivery of housing to the poor of South Africa, post the first democratic elections of 1994. The DFA became necessary because […]
Real Options And Property Development Decision Making
Real options are increasingly being promoted in the academic world for use by developers to make more informed decisions on the timing of property development and the valuation of development land. The proponents of the theory propose that property development investments provide developers with several options that can increase value through flexibility of decision-making. Decision-making […]