This article discusses the Strategic Asset Management Plan (SAMP) and its objectives, including utilizing the service potential of existing assets, minimizing assets demand, achieving value for money, eradicating unnecessary holding and acquisition of assets, and ensuring transparency and accountability. It also covers the types of plans incorporated in SAMP, such as acquisition, operational, maintenance, disposal, funding, and risk management plans. Additionally, the article explores the issues that make the project costlier than if the building was replaced totally and the constraints that heritage listing could impose on design development.