This module introduce me, let me more understand on property development in the market. It is initiated with 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.
Upon successful completion of this module, I able to calculate the developer’s budget (i.e. total development cost and gross development value) during the initial development process, execute the Cost-benefit Analysis in the early stage of investment proposal and valuation system to help on decision making during the feasibility stage and classify various source of finance available in the construction industry and to outline the requirement in a quality market research.
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