Property development is a business process to gain profit by improving the use of a parcel of land or the existing structure on that land. The activities that can be categorized as property development includes but not limited to property renovation or extension, land subdivision, house construction, etc. The property developers manage the business process, which can include property market analysis, development strategy proposal, land or property acquisition, contract management, finance arrangement, marketing and sales service or property management service procurement, etc. Property developers are different from builders, although some developers do manage the construction process.