🧱 How to Plan a Commercial Plaza from Scratch

Developing a commercial plaza involves careful coordination between budgeting, design, approvals, and execution.

Key Steps:

1. Site Selection: Look for high-footfall areas with strong demand (near markets, main roads, etc.)
2. Market Research: Evaluate what types of commercial units (shops, offices, food courts) are in demand.
3. Feasibility Study: Forecast costs, timelines, and expected returns (more below).
4. Conceptual Design: Hire an architect to draft preliminary layouts based on zoning laws.
5. Approval Process: Submit your building plan for clearance from local authorities like CDA, LDA, or SBCA.
6. Construction Phase: Hire a contractor and begin execution per the approved drawings.
7. Marketing & Leasing: Begin pre-leasing or selling units once gray structure is underway.

Pro Tip: Build in phases to manage cash flow and reduce risk.