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Faculty of Built Environment > Postgraduate Prospectus >  38


                 SYLLABUS SUMMARY
                 BMGE6101 DEVELOPMENT ECONOMICS & PLANNING

                 5 Credits   Characteristics in land as an investment, its importance, market trend and property performance in various
                             economic condition; rent and location theories as well as theories related to urban structure and growth; urban
                             planning and government intervention in property market, and urban problems.

                             At the end of the course students will be able to:

                             1. Classify the theories and issues on land development and planning.
                             2. Distinguish urban real estate issues in land development.
                             3. Predict potential land development.
                             4. Evaluate problem solving measures in land development.

                 BMGE6102 PROPERTY LAW & INSTITUTIONAL FRAMEWORK

                 5 Credits   Relevant  governance  and  legislation  related  to  real  estate  development  which  includes  land,  building  and
                             environmental laws (Federal Constitutions, National Land Code 1965, Local Government Act 1976, Town and
                             Country  Planning  Act  1976,  Street,  Drainage  and  Building  Act  1974,  Uniform  Building  by-Law  1984,
                             Environmental  Quality  Act  1974,  Environmental  Quality  Order  1985,  Strata  Title  Act  1985,  Building  and
                             Common Property Act 2007, Housing Development Act (Control & Licensing) 1966).

                             At the end of the course students will be able to:

                             1. Distinguish the relevant regulatory framework governing land development.
                             2.  Integrate  the  above  knowledge  in  determining  requirements  and  restrictions  to  be  adhered  to  in  land
                               development.
                             3. Relate the development laws to the environmental management aspect of sustainable development.
                             4. Criticise the current regulatory framework.

                 BMGE6103 PROPERTY FINANCE & INVESTMENT ANALYSIS

                 5 Credits   The  financial  and  capital  markets  (REITs,  secondary  mortgage  market);  relationship  between  property
                             investments and property development; funding and finance techniques (financing real estate development,
                             residential products, income producing real estate); financial and investment analysis; capital budgeting and
                             portfolio theory.

                             At the end of the course students will be able to:

                             1. Recognise the principles of real estate finance and investment
                             2. Distinguish relevant financial and investment analysis techniques
                             3. Evaluate the performance of real estate investments
                             4. Select the most viable real estate investment option.

                 BMGE6104 DEVELOPMENT PROCESS & APPRAISAL

                 5 Credits   Players in real estate development; institutions governing real estate development; development process from
                             infant stage to delivery of vacant possession; models of development process, impact of public policies and
                             legal  restrictions  to  real  estate  development;  negotiation  techniques;  basics  of  project  management  and
                             project evaluation; risk management.

                             At the end of the course students will be able to:
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