09/06/2026
Why end-product valuations matter more than the contract price on a new build or off the plan acquisition.
The contract price is a fixed number set at the start. The end-product valuation is what the market values the completed property at, which decides the equity position at handover and the borrowing capacity for the next move.
This is why our due diligence on new builds focuses heavily on comparable completed product in the corridor. The work happens before exchange so the equity position at completion is realistic rather than wishful.
When the corridor moves through the build, the end valuation can sit meaningfully above the contracted cost. That is the manufactured equity we talk about.