Development Economics QSB 4223 (SEMESTER 6)

DEVELOPMENT ECONOMICS (QSB 4223)

Lecturer:    Mr Ho June Khai 
                  Miss Dianne Kok Hui Wen

Objectives: 

• This study allows me to comprehend the basic principles of economics and its link to the real world of construction. 
• This study allows me to develop an understanding of the whole process of property development. 
• This study allows me to enhance the understanding of the contribution of feasibility study in property development. 
• This study allows me to understand the overall mechanism of the finance system in the construction industry 

Learning Outcomes： 

Throughout this study,  

• I am able to recognize and recall the contribution of the construction industry to a nation’s growth economy. 
• I am able to calculate the developer’s budget (i.e. total development cost and gross development value) during the initial development process. 
• I am able to execute the Cost-benefit Analysis in the early stage of investment proposal. 
• I am able to execute the valuation system to help on decision making during the feasibility stage. 
• I am able to classify various source of finance available in the construction industry 
• I am able to outline the requirement in a quality market research

Topics:

1. Introduction
2. Property Development
3. Property Investment Economics
4. Factors in Property Development
5. Development Appraisal
6. Cost-benefit Analysis
7. Market Research
8. Development Finance

Assignment and coursework:

Objectives:

• To learn how to conduct an analysis for a proposed development project.
• To learn how to prepare a financial appraisal of a project using the Residue Method of Valuation.
• To learn how to calculate cash flow.
• To learn how to comment on the viability of a project.

Learning Outcomes:

Through this assignment,

• I am able to learn the method to conduct an analysis for a proposed development project.
• I am able to prepare a financial appraisal of a project using the Residue Method of Valuation.
•  I am able to calculate cash flow.
•  I am able to comment on the viability of a project.