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Property development
Real Estate · works with CRM and Finance

Sell units off-plan, collect by installment, hand over.

For developers that build property and sell it, often before construction ends. Units move from available to reserved to sold to handed over. A sale contract carries a payment plan that generates its installment schedule, installments are invoiced through Finance, and handover is gated by a checklist and snagging list. It sits beside Leasing and never changes Leasing data.

Illustrative demo data.

Workflow

How work moves through Property development.

  1. 1Unit
  2. 2Reservation
  3. 3Sale contract
  4. 4Payment plan
  5. 5Installment invoices
  6. 6Handover
  7. 7Warranty
What's inside

What Property development covers.

Developments and units
Developments with phases and buildings, and sellable units with type, floor, area, list price and status. Each unit's price history is kept and a signed contract never changes when the list price does.
Reservations
A unit, a buyer, a deposit and an expiry date. An expired reservation is released when you click Release expired; there is no scheduler.
Sale contracts
Price, discount, one or more buyers with ownership shares totalling 100%, and a status from draft to active to handed over. A unit has at most one active contract.
Payment plans
Reusable milestones as a percentage of price, due on a date, on signing, on a named construction milestone or on handover. Applying one generates the contract's installment schedule, which must sum to the net price.
Installment invoicing
Installments are invoiced through Finance and tracked for overdue amounts, with a buyer statement showing price, invoiced, paid, balance and next due.
Handover and warranty
Handover needs a completed checklist, no open blocking snag and every installment except those due on handover already invoiced. A defect liability period follows, with defects logged against the contract.
Limits

What Property development does not do.

  • Revenue is recognised at handover. Percent-of-completion revenue and capitalised development cost are not built.
  • No escrow accounting or regulator reporting, and no title-deed or government registry integration.
  • No broker commissions, mortgage workflow, resale, buyer portal or online payment.
  • Contracts are in the company's base currency only.
  • Payment plans cannot be edited after creation; retire one and create a new plan. A contract keeps the installments it was generated with.
  • Cancellation is for active contracts only, not after handover.
  • Circumz applies no country's property tax rules; the contract carries a VAT category and your accountant decides.
How it connects

Every module reads the same record.

Buyers are CRM customers; installments are invoiced and collected through Finance. With Accounting on, advances and revenue post to the ledger. It reads the same shared records as the other modules, so nothing is re-keyed between them.

See how the whole platform fits together
Receives from
Buyers (CRM customers)Projects (optional link)
Property development
Feeds into
Installment invoicesBuyer statementsSales revenueMargin per development
Questions

About Property development

What does the Property development module do in Circumz?

For developers that build property and sell it, often before construction ends. Units move from available to reserved to sold to handed over. A sale contract carries a payment plan that generates its installment schedule, installments are invoiced through Finance, and handover is gated by a checklist and snagging list. It sits beside Leasing and never changes Leasing data.

How does the Property development module connect to the rest of Circumz?

Buyers are CRM customers; installments are invoiced and collected through Finance. With Accounting on, advances and revenue post to the ledger. It works with CRM and Finance.

What does the Property development module not do?

Revenue is recognised at handover. Percent-of-completion revenue and capitalised development cost are not built. No escrow accounting or regulator reporting, and no title-deed or government registry integration. No broker commissions, mortgage workflow, resale, buyer portal or online payment. Contracts are in the company's base currency only. Payment plans cannot be edited after creation; retire one and create a new plan. A contract keeps the installments it was generated with. Cancellation is for active contracts only, not after handover. Circumz applies no country's property tax rules; the contract carries a VAT category and your accountant decides.

See Property development on your own operation.

A walkthrough of this module and the rest of the platform, configured around how you work.