DEVELOPMENT ECONOMICS
Reflective
Development Economics will have the
introduction of the process in a property development and factors that
influence the development process. The subject also covers various techniques
of development appraisal and source of finance available. It is then concluded
with the important of market research to the overall development process and
its impact of research to the development.
Sr Dianne taught us the developer’s budget
by some method of calculation such as total development cost and gross
development value during the initial development process. then, execute the
Cost-benefit Analysis in the early stage of investment proposal and valuation
system to help on decision making during the feasibility stage. We also enable
to learn about various source of finance available in the construction industry
and to outline the requirement in a quality market research. This module gave
group assignment is to help students develop a deeper appreciation of the
concepts learnt in the module by applying them in the problems given in the
assignment.
GROUP ASSIGNMENT
We need to prepare a report on preparing
the GDV, Cash Inflow and outflows, NPV and comments on the 'Sell- then-Build'
concepts as well as give a comment on the concept of
'Build-then-Sell'. The report help us to understand how the calculation
works, as well as have a better understanding on the formulas and how the
calculation comes.
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