Belfast·SPG002 Development Viability·Page 28·Figure 5.2
City Centre Premium Value Band Viability
Development viability in premium city centre locations depends on building form, density, and tenure mix. Schemes with 20% affordable housing are achievable with appropriate heights and density, though viability becomes sensitive above 15 storeys due to higher construction costs.
City Centre Premium: The key factors affecting viability in these locations are the form of development and market tenure. However with the right building heights, density and tenure, schemes with 20% affordable housing can be delivered. Viability will be particularly sensitive when building heights are above c. 15 storeys (due to higher construction costs) and homes for sale may perform more strongly than the rental market. Carbon reduction measures can be accommodated where development is viable.
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