What are the stages or phases for an estate in land development?
In land development, stages (or phases) refer to the sequential release and development of land within a larger estate. Most residential estates are developed in multiple stages due to the scale, cost, and complexity involved.
Why Use Staging?
- Easier to manage approvals and infrastructure
- Reduces upfront costs for the developer
- Helps match supply with buyer demand
- Enables earlier cash flow from land settlements
- Allows for marketing and sales momentum over time