6 Property Development Business Success Stories [2024]

Pat Walls

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Updated: November 16th, 2023

Start A Property Development Business

Property development involves the acquisition of land or existing buildings, followed by improvement of the property, and finally selling or leasing the improved property for a profit.

Developers take substantial risks in acquiring the property, securing financing, obtaining permits, designing the project, and overseeing the construction.

Property development can be highly profitable, offering significant returns on investment.

Property developers add value by transforming raw land or outdated buildings into modern and functional spaces like residential, retail, industrial, and commercial real estate.

Here are some real life success stories of starting a property development business:

1. Casa Mia Coliving ($2.4M/year)

Eugenio and Ahmed, co-founders of Casa Mia Coliving, came up with the idea for their business after experiencing challenges with finding suitable accommodations while working in different countries. They saw the potential for coliving and decided to create a sustainable and modern coliving company in Singapore. Through their innovative approach and effective marketing strategies, Casa Mia Coliving has reached an annual revenue of $2.5 million and aims to double their business this year while launching in a second city.

How much they make: $2.4M/year
Current team size: 7

We Started A $2.4M/Year Coliving Business In Singapore

Casa Mia Coliving, a sustainable and modern co-living and property management company in Singapore offering affordable accommodation, has an annualized revenue of $2.5M with 150 bedrooms across popular neighborhoods, attracting young professionals and boasting a 10x LTV/CAC ratio, all while focusing on unit economics and profitable growth.

About

Eugenio started Casa Mia Coliving over 4 years ago

Revenue

Eugenio grew the business to $200K/month

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Learn more about starting a property development business:

Where to start?

-> How much does it cost to start a property development business?
-> Pros and cons of a property development business

Need inspiration?

-> Examples of established property development business

Other resources

Part of

Starting A Property Development Business: Everything You Need To Know

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4. Frasers Property

Explore Frasers Property, a diverse, multi-national property company | In residential, retail, commercial, industrial, logistics, hospitality development and management, we believe experience matters. In 80+ cities worldwide.

5. Ovation

Looking for apartments for rent in Las Vegas, Henderson, or Summerlin areas? Explore the luxury apartment communities from Ovation Property Management.

Where they're located: Henderson, Nevada, United States

6. Casa Mia Coliving

We are Casa Mia, a coliving space. Our vision is to make it easy for you when it comes to moving and living in a new city. All you need to do is choose the location an...

How much they make: $2.4M/year
Where they're located: Singapore
Current team size: 7