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VAPM 314

Property Development

Course overview

You’ll learn the mechanics of property development, an analysis of the procedures and responsibilities.

Course information

Prerequisites and Restrictions You must satisfy the following requirement(s):

pre-requisite

  • Property Analytical Methods, VAPM-308

Available semesters Semester 2 2021
Credits 15
Domestic fees $741.00

What you will learn

After successfully completing this course, you’ll be able to:

  1. Identify the different types of developer and explain their differing management structures and goals pertaining to property development.
  2. Describe the property development process and illustrate it with appropriate models.
  3. Recognise and explain the different roles of the various participants in the property development process.
  4. Outline the roles of the public sector in the property development process in terms of regulation and facilitation.
  5. Understand and apply the process of “Due Diligence” when selecting a site for potential development.
  6. Identify feasible development options from the evaluation of physical, economic, social, political and psychological elements and trends.
  7. Use appropriate financial analysis to test the feasibility of potential property development opportunities.
  8. Evaluate the risk attached to a property development proposal and formulate strategies to manage this risk.
  9. Prepare a loan proposal for a property development that would meet the requirements of a commercial lender.
  10. Evaluate the “Highest and Best Use” of a property.

Course examiners

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Muhammed Bolomope

Lecturer

Department of Land Management and Systems

[email protected]