Renewing an old low-cost, high-performance delivery vehicle

摘要

Large-sale integrated development is always bedevilled by uncertainty and high risks in its early stages. This is due principally to political risk, in terms of planning and public investment, and risks faced by private investors, including the foregoing but also uncertainties about land availability, land and infrastructure costs, market demand, and development values. As a result, large-sale integrated development doesn't happen if left entirely to market forces - just look around for examples of developments over 10,000 homes plus infrastructure that have been started in the last 30 years.