This module delivered the process of property development and factors that influence the development process. Moreover, it also included the various techniques of the development appraisal and source of finance available. The importance of marker research of development process is also highlighted in this module in order to diagnose the viability of the development.
Development Economic is one of the useful modules that focuses on the factors influencing the development in the construction industry. It also expose student to evaluate and analyse the viability of a particular project by taking into consideration of the market condition, economy and availability of financial resources.
Coursework:
Under this assignment, we learnt how to calculate the financial appraisal of the project by using the Residual Method of Valuation. On top of that, we are also required to derive the quarterly cash inflow and outflow of the development project in order to identify the necessity of external source of fund. In addition, we are also required to calculate the net present value of the project to determine the viability of the project.
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