Lecturer : Mr. Ho June Khai
Miss Dianne Kok Hui Wei
Purpose of study development economics
Development Economics enables the student to understand the basic principles of economics and its link to the real world of construction. Besides, this subject also enable understanding of the whole process of property development. Moreover, improve the understanding of the contribution of feasibility study in property development. The author was also came to learn the overall mechanism of the finance system in the construction industry.
Objectives:
1. This study allows me to comprehend the basic principles of economics and its link to the real world of construction.
2. This study allows me to develop an understanding of the whole process of property development.
3. This study allows me to enhance the understanding of the contribution of feasibility study in property development.
4. This study allows me to understand the overall mechanism of the finance system in the construction industry.
Learning Outcomes:
1. I am able to recognize and recall the contribution of the construction industry to a nation’s growth economy.
2. I am able to calculate the developer’s budget (i.e. total development cost and gross development value) during the initial development process.
3. I am able to execute the Cost-benefit Analysis in the early stage of investment proposal.
4. I am able to execute the valuation system to help on decision making during the feasibility stage.
5. I am able to classify various source of finance available in the construction industry.
6. I am able to outline the requirement in a quality market research.
Test
After few months of studying this subject, student must prepared to face the mid term test which to test the students memories of what have learned from past few months and also to observe whether student able to apply the theories correctly. The test is about 2 hours where students must well prepared and well organized the time to answer the question. These test mainly consist of subjective questions as well as practical problem questions (where recall, analysis, evaluation and application of concepts learnt are necessary to answer the questions competently).
Group Assignment
Investment Appraisal
Cash flow for inflow and outflow
Main aim of this 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. This assignment is about developer wants to develop residential units and commercial units on a land with acres. Students are required to prepare few things for this assignment for instance calculate the number of units houses and shops to able built in the land, investment appraisal, cash inflow, cash outflow and combined of cash outflow and inflow.
Individual Assignment
Finding NPV by using the cash flow from group assignment
After done the group assignment, author require to refer the previous works to find the net present value (NVP). The approaches to find this NPV, author must get the cash inflow and cash outflow amount only able to find out the NPV. Later on, author required to explain and comment the viablitiy of the project based on the result of NPV.
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