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RE3103 

REAL ESTATE DEVELOPMENT
   2018/2019, Semester 1
   School of Design and Environment (Real Estate)
Modular Credits: 4
  Tags: --

Learning Outcomes

TopThis module examines the entire development process for the different types of property development and redevelopment projects. Discussions will cover a broad range of topics including the property development cycle, conception of the development project, feasibility study, project financing, project construction, real estate marketing, project completion, management of the completed development and exit strategies. Students are expected to conduct an integrated project as part of the requirement of this module.

Prerequisites

TopRE2101 Real Estate Market Analysis, RE2102 Real Estate Economics

Teaching Modes

Top

The teaching pedagogy for this module is a combination of case studies and problem-based learning.

An integral part of this module is the integrated project, which requires students working in groups to apply the knowledge they acquired over the past two/three years. Essentially, the project generally requires the group to (i) visit a development site, (ii) conduct a market and feasibility study, (iii) recommend the appropriate design scheme, (iv) draw up a strategic marketing plan for the proposes development, and (v) structure the financing scheme for the project. 

Accordingly, lectures are sequenced to highlight key issues that need to be considered along each step of the development process. The assigned cases for the tutorials will be distributed at least two weeks in advance. Everyone is expected to read and prepare for the case before coming to class.  Role play will be the adopted format where the presenting group will take on the role of the main character in the case, whilst the other members in the class will play the role of the superiors, such as board of directors, etc. as listed in the case. Both the quantity and quality of your participation and contribution will count towards the CA component.

In addition, a property forum is created for you to firstly, keep updated and secondly, develop a view on current hot issues concenring real estate development.  I hope to see the forum actively used by the class; I will rely on the forum as my main channel of communication with the class. Likewise, it will be the platform for Q&A related to this module. In particular, I will create a separate discussion thread for each lecture and tutorial case as well as the project. To lighten the workload for this module, IVLE participation (contributions related to the four tutorials and lectures) and personal reflection on the integrated project will ONLY count towards 5% of the grading for this module.

Schedule

Top

Tentative Plan for Lectures
=====================

Week 1: Introduction to RED (Aug 15, JO)
Week 2: No lecture (Aug 22)    
Week 3: Modeling the Development Process (Aug 29, JO)
Week 4:
Real Estate Market Analysis (Sep 5, FSH)
Week 5: Securing Development Sites (Sep 12, JO)
Week 6: Feasibility Study (Sep 19, JO)

Recess Week
Week 7: Financial Analysis (Oct 3. JO) 
Week 8: Financing Devt Projects (Oct 10, JO)

Week 9: The Value of Good Design (Oct 17, FSH)
Week 10: Strategic Project Marketing (Oct 24, FSH)
Week 11: Project Management (Oct 31, FSH)
Week 12: Completion/Handover (Nov 7, FSH)
Week 13: Review (Nov 15, JO/FSH)

Tutorials
=======
Tut 1:AIS Building - Redevelopment (Wk 4&5: Sep 3 & 10)
Tut 2: Sengkang - Land Tender (Wk 6&7: Sep 17 & Oct 1)
Tut 3: Suntec City - Marketing (Wk 8&9: Oct 8 &15)
Tut 4: Joey Kaempfer - Corporate Strategy (Wk 10&11: Oct 22 & 29)

Integrated Project
==============
Date for project submission: Nov 5 (2.00 - 5.00 pm)  

Synopsis

TopThe aim of this module is to expose students to the many decision issues involved throughout the entire property development process. It is co-taught by Prof Joseph Ooi (JO) and Ms Foo Sheg Heong (FSH). There will be two tutors for this module, namely JO and FSH.

Practical Work

TopParticipation and contributions: (1) property discussion forum (IVLE), (2) case studies, presentations and role plays during tutorials, and (3) integrated project. 

Assessment

TopThis module requires active participation throughout the semester. The final examination will only constitute 30% of the total marks. Continuous assessment (CA) will constitute 70% of the grading for this module. The CA can be further broken down into three components as follows: Integrated Project (50%), Tutorials (15%) & Individual Reflection (5%). 

Preclusions

TopRE3381 Real Estate Development I

Workload

Top2-1-0-3-4

Workload Components : A-B-C-D-E
A: no. of lecture hours per week
B: no. of tutorial hours per week
C: no. of lab hours per week
D: no. of hours for projects, assignments, fieldwork etc per week
E: no. of hours for preparatory work by a student per week

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