One engine. Eleven asset types. Two financial realities.

A hotel is not a landed housing scheme. A data centre is not a residential tower. Yet most feasibility tools still drop every project into one generic cash-flow sheet and hope the labels are close enough. Lenders notice. So do investment committees.

Two financial realities

Hold assets earn through occupancy, rent, and operating margin over a hold period. Sale assets earn through absorption, payment plans, escrow, and net sales proceeds — usually with no terminal value. Those are different engines, not two tabs in the same workbook.

• Operational Stream (build-to-hold): hotel, mall, office, build-to-rent residential, warehouse, data centre.
• Sale Stream (build-to-sell): residential high-rise, landed, commercial strata office, commercial strata warehouse, mixed-use.

Why the split matters in underwriting

Operational studies need ADR or rent, vacancy, opex, depreciation, DSCR, and a going-in / exit yield logic. Sale studies need saleable BUA, ASP quartiles, buyer mix, progress payments, escrow withdrawal rules, and gap-fill equity. Force one onto the other and you get a number that looks precise and is structurally wrong.

Most feasibility tools force every asset into the same spreadsheet. FeasiBuild doesn’t.

One product surface. Eleven asset types. Two engines that speak the language of the asset — which is the only way a feasibility study survives a credit paper.