A development can either been refurbished from the existing property or demolished and re-construct it. Due to the site conditions at Matilda street, demolition work is harder to carry on because the building is attached with the next building and demolish work may affect the structural of the attached building. Furthermore, there is only one access to the site and it is difficult for the heavy vehicle to enter the site. Therefore, refurbishment will be the ideal tactic of the development.
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| The Building of the site at Matilda Street is attached with the next building (yellow grid) and there is only one access to the site (the yellow arrows) |
Refurbishment seem will be the more economical way for the development but one of the problem is, will the existing foundation can support the refurbished building? This problem should be concern as it will effect the whole structural work of the building while carrying a health and safety risk to the surrounding people and property.
In a nutshell, both refurbishment and demolition conducting a risk for the development and one of these method which with lower risk will be choose for the proposal. A development project is never complete without risk but people will always choose the way with lower or slightly risk as to minimise or avoid the trouble in the future.
In a nutshell, development is different with investment even though they are related. A higher risk in an investment probably will get a higher return, but, a high risk in development definitely will face a problem. Meanwhile, we have to always clearly understand the concept of development.
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| Life can be easy, depend on the way you choose. |
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