Residential development: the handover date is the sales programme
In development, slippage costs twice — in financing cost and in the sales programme. We manage projects so that the handover forecast is reliable and the build cost stays controllable.
A residential project is sensitive to two parameters: the handover date and the cost per square metre. Both are set before construction — in design decisions, in contracts and in the procurement schedule. Debt financing adds a further loop, with drawdowns released against verified quantities.
Our sector experience. Delivered and current projects: Esil City (Petropavlovsk), Austrian and Tokyo complexes (Kostanay), Al-Bulak with retail and London Square (Bishkek), Stellar Residence (Tashkent).
Risks
The governing risks in this sector
Each of these risks is closed by a specific management function.
Slippage raises financing cost and breaks the apartment handover programme at the same time.
Undeveloped façade details, sub-structures and ventilation gaps produce cost growth at installation, not in the estimate.
The financing party requires independent verification of executed work before each release.
Façade and fit-out feed directly into sales price and into post-handover claims volume.
A slipped critical stage moves the whole programme into the next season.
Most of the build cost is fixed in design decisions, not on site. Undeveloped façade details, sub-structures and ventilation gaps produce installation cost growth that never appears in the estimate. Value engineering at design documentation stage reduces cost while change is still free.
Under debt financing, drawdowns follow verified quantities and the lender needs an opinion from a party with no role in construction. Even without debt, verifying quantities before certificates are signed removes overpayment — it serves the owner, not only the lender.
The handover date is simultaneously the sales programme and the debt service schedule. A forecast derived from critical path and measured progress lets both be managed, instead of learning about slippage a month before apartment handover.
Tell us about the asset and the current stage — we will propose a working format and team composition. A commercial proposal follows within five business days of the meeting.
We reply within 1 business day. A commercial proposal follows within 5 business days of the scoping meeting.
