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The average rent in cities that have seen extensive regeneration has increased by 21% in the last five years, compared to just 16% across England as a whole, new research shows. The biggest boost of the 12 cities examined was in Manchester with a 38% rise in rents since 2014. The report from letting platform […]
The post Regeneration cities in England see strong rental growth and demand appeared first on PropertyWire.
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Sales in the prime property markets in London increased year on year in the second quarter of 2019, boosted by a rise in transactions in the £10 million plus market which reached a four year high. The latest real estate market analysis from Knight Frank also shows that on a quarterly and monthly basis the […]
The post Activity is picking up in London’s prime property markets appeared first on PropertyWire.
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Estate agents across the UK are currently charging an average fee of 1.2% which equates to a fee of £3,846 on the average house price, according to new research. The highest percentage fees per postcode area was in East Ayrshire in Scotland where agents in the KA15 postcode are charging 2.9% to sell a home. […]
The post Study reveals cost of estate agent fees around the country appeared first on PropertyWire.
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The number of homes bought through the Government’s flagship Help to Buy scheme increased by 9% in the 12 months to March 2019 with the figures also rising for first time buyers. The data published by the Ministry of Housing, Communities and Local Government (MHCLG) show that 52,404 home sales were completed under the scheme […]
The post Help to Buy continues to grow and could be extended beyond 2023 appeared first on PropertyWire.
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The new Secretary of State for Housing, Communities and Local Government has been told that further tinkering with the planning system in England will not lead to faster delivery of affordable homes. In a letter to Robert Jenrick, welcoming him to the post, the Royal Town Planning Institute (RTPI) suggests that his top priority is […]
The post Planning needs more resources, less tinkering, new Minister is told appeared first on PropertyWire.
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The new Secretary of State for Housing, Communities and Local Government has been told that further tinkering with the planning system in England will not lead to faster delivery of affordable homes. In a letter to Robert Jenrick, welcoming him to the post, the Royal Town Planning Institute (RTPI) suggests that his top priority is […]
The post Planning needs more resources, less tinkering, new Minister is told appeared first on PropertyWire.
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Without being political, the Mayor of London has been active when it comes to housing, having pushed through more funding for new homes and introducing a public database to ‘name and shame’ rogue landlords and letting agents. But he may have gone too far. While his latest plans to reform the lettings sector in the […]
The post Rent controls may be a step too far for London landlords appeared first on PropertyWire.
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Project management as a sphere is pacing rapidly. According to the Project Management Institute, by 2027 almost 90 million individuals will be in demand for new project management-oriented roles. It means that the global economy will become more project-oriented and even some traditionally not projects-oriented industries like healthcare or professional services will focus on project management roles too.
To manage projects effectively, managers have to possess a combination of certain skills, personal as well as professional. Also, managers need to have a good command of special tools. A Gantt chart is one of them. Visualization makes it an effective solution for all those who deal with projects. As a chart has a descending Work Breakdown Structure, it is easy to follow the progress of a project and be aware of upcoming events.
What advantages does a Gantt chart have?
Gantt charts successfully found their niche in project management software. Lots of project planning tools rely on this bar chart. Among them are giants like MS Project and Smartsheet, their modern and affordable competitors like GanttPRO and many others used on a daily basis in professional spheres and for personal needs. You can even build a Gantt chart in the popular and commonly known Excel, though it requires time and efforts.
Now let’s speak about the truths about Gantt charts that every project manager should know. They can bring the described advantages to almost any project and improve execution.
In most cases, projects lack efficient organization as they consist of dozens of tasks and involve multiple team members. With a Gantt chart, there are more possibilities to organize an efficient work process.
To start with, it helps to define all the tasks from the very beginning and think over every assignment before a project even begins. To get a successful project, it is better to create groups of tasks and subtasks that form them. As a result, project managers get a clearly defined structure on a visually appealing Gantt chart timeline.
As projects very often consist of dependent tasks, it gets difficult to realize how much time each assignment will take. There is no clarity on the start and end dates. Notably, this is the case of complicated projects with multiple team members.
Thanks to two axes visualization, each task in a Gantt chart has clear time and deadlines indicators. Most online Gantt chart makers allow setting start and end dates right away. In addition, they are accompanied by calendars what makes project management more productive.
In case you cannot create a chart, you can manually build a checklist following these simple steps.
It is crucial not to lose the project pace. Having no clues about the progress of the project and personal tasks, a team member can lose not only the status but interest as well.
With planned actions, steps, and events right in front of them on the screen, participants can keep track of tasks and current progress as well as realize how much work is expecting ahead.
Gantt charts help to identify possible obstacles and critical points beforehand. Thanks to a clear visualization, managers will be aware of any delayed dates or frozen progress.
Elimination of problematic issues at the early stages will prevent projects from situations that may endanger its healthy state.
Projects do not exist in the vacuum. They include managers and team members. The more efficient communication and cooperation they will have, the more successful their project will be. Gantt charts allow improving those processes without the necessity to switch between different tools and sending reminders.
Moreover, these bar charts can replace constant meetings. Team members can get updates in a common workspace with tasks, dates, deadlines, dependencies, and milestones.
Resources are inherent subjects in project management. A resource is not necessarily a real team member. In 2019, you will hardly find a Gantt chart maker that does not offer the resource allocation feature. It allows managers to see who is underperforming or has too many tasks and if needed, reallocate resources.
With the proper tasks assignment and resource allocation, managers increase the chances to build rocking projects.
As twins’ behavioral patterns differ even if they grow up in an identical environment, there are no identical projects even if the same people plan it. There will always be unexpected situations, risks, and other unforeseen moments.
It underlines an important peculiarity of a Gantt chart – its flexibility. They are a good choice for a variety of professional spheres. Managers can use them for construction, software development, web design, retail, manufacture, education, professional services, product launch, and other spheres where it is possible to break down projects into smaller pieces. Gantt chart tools even offer ready-made templates to save time on planning.
Milestones are significant events in a project that have no duration. They show and indicate that a plan has reached a certain critical event and is developing as it was planned from the very beginning.
Milestones can be:
Gantt charts are probably the most visualized ways to depict milestones and be aware of the right project development.
Managers can benefit a lot from using Gantt charts. Moreover, every single project manager can easily find other useful features and benefit from using them.
Source: New feed
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Property cooling measures introduced last year have contributed to a slowdown in sales momentum.
New private home sales in Singapore is forecasted to decline by about 20 percent year-on-year to 7,500 to 8,500 units for the whole of 2019, while prices of such properties could drop by up to 3.0 percent, according to a recent report from DBS Group Research.
For 2018, the transaction volume is expected to hit 10,000 to 11,000 units, with the 11-month tally already reaching around 9,300 units.
More: Private Home Prices Rose 7.9% In 2018
The research house noted that since the new cooling measures were introduced in July 2018, primary sales momentum has moderated to 500 to 800 units per month, which it believes to be the “new normal” going into 2019.
Worsening the situation are the new rules on the average unit size for non-landed housing projects outside Singapore’s central region and the nearly 40,000 units in the pipeline slated for launch despite a slowing market.
Moreover, DBS thinks that displaced en bloc buyers are unlikely to significantly increase private home sales for the whole of 2019.
“Market expectations of a boost in sales volumes from displaced en bloc households up to middle of 2018 might not materialise. Assuming that these homeowners are paid nine months after the close of en bloc tenders, we estimate that only c.11 percent of the total 8,500 en bloc households will receive their monies in H1 2019.
“Therefore, we believe that most of the buying from these displaced households will already be done before that (period) and will not be a significant boost to sales volumes in 2019.”
Furthermore, although the demand for replacement units from successful en bloc sellers is expected to be robust in the near term, such demand is not sustainable for the long term, added DBS.
Get more details on the property market outlook for 2019 here
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
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The asking price works out to $2,595 psf ppr before factoring in balconies. (Photo: CBRE)
HighPoint, a freehold residential development at the highest point of the Mount Elizabeth-Orchard district, has been launched for en bloc sale with a guide price of $550 million, revealed marketing agent CBRE.
The price works out to $2,595 psf per plot ratio (psf ppr) or $2,509 psf ppr after taking into account the seven percent bonus gross floor area (GFA) for balconies.
More: Over 30 En Bloc Sites Fail To Secure Buyers
Located at 30 Mount Elizabeth Road, the development comprises 57 apartments and two penthouses. It sits on a cul-de-sac plot of land measuring about 47,606 sq ft.
The site is zoned for residential use under the 2014 Master Plan, with a height limit of up to 36 storeys. Its existing GFA of about 211,976 sq ft is equivalent to a plot ratio of 4.45. Assuming an average unit size of 100 sq m, the site could yield up to 196 units.
Just a short walk to the Orchard Road shopping belt, the freehold site is also near other ultra-luxurious residential developments such as The Ritz Carlton Residences and The Scotts Tower, as well as hotels like The Grand Hyatt Hotel, Goodwood Park Hotel and Grand Park Orchard Hotel.
“A site with attributes like HighPoint rarely becomes available. The potential 36-storey height will offer unblocked panoramic views featuring the lush greenery of Goodwood Hill and the CBD skyline,” said Galven Tan, executive director of capital markets at CBRE.
“Its exclusivity presents immense potential to create a one-of-a-kind Orchard Road landmark which will attract ultra-premium developers.”
In fact, the site has received “positive feedback from a number of foreign developers”, he said.
“At $2,595 psf ppr (before factoring in balconies), the site is very attractively priced. Overall supply in the ultra-luxurious segment of the market remains very limited, and we believe the interest and pricing will continue to hold firm,” noted Tan.
The tender for HighPoint closes on 26 February.
More: Understanding The En Bloc Process (August 2018)
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
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