Course Title: Introduction to Property Development

Part A: Course Overview

Course Title: Introduction to Property Development

Credit Points: 12.00

Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

MKTG1318

City Campus

Undergraduate

325H Property, Construction & Project Management

Face-to-Face

Sem 2 2011,
Sem 2 2012,
Sem 2 2013,
Sem 2 2014,
Sem 2 2015,
Sem 2 2016,
Sem 2 2017,
Sem 1 2018,
Sem 2 2018,
Sem 2 2019

MKTG1327

Singapore Inst of Management

Undergraduate

325H Property, Construction & Project Management

Face-to-Face

Offsh1 14,
Offsh3 14,
Offsh1 15,
Offsh3 15,
Offsh1 16,
Offsh3 16,
Offsh3 17

MKTG1330

SHAPE, VTC

Undergraduate

325H Property, Construction & Project Management

Face-to-Face

Offsh1 16

Course Coordinator: Hyemi Hwang

Course Coordinator Phone: +61 3 9925 0412

Course Coordinator Email: hyemi.hwang@rmit.edu.au

Course Coordinator Location: 8.8.12


Pre-requisite Courses and Assumed Knowledge and Capabilities

You should have satisfactorily completed the prerequisite course OMGT2214 Valuation & Property Principles before you commence this course.

OR 

Alternatively you may be able to demonstrate the required skills and knowledge before you start this course.  Contact your course coordinator if you think you may be eligible for recognition of prior learning.  Further information: http://www.rmit.edu.au/browse;ID=x94or0ccuu7k


Course Description

This course will introduce you to property development. The course will focus on the different stages of property and cover the activities of the various property stakeholders during the property development process.
Topics covered include:

  • Introduction to the property development process
  • Identification and acquisition of land for development
  • Overview of property development funding and financial structures
  • Managing construction and completion process.


Objectives/Learning Outcomes/Capability Development

Program Learning Outcomes (PLOs) 

In this course you will develop the following program learning outcomes:

  1. Determine and apply knowledge of complex property and valuation theory to your professional practice and/or further study
  2. Professionally communicate to a range of audiences, demonstrating in depth knowledge of the discipline and of the needs of diverse property and valuation stakeholders
  3. Apply logical, critical and creative thinking to analyse, synthesise and apply theoretical knowledge, and technical skills, to formulate evidenced based solutions to industry problems or issues
  4. Utilise appropriate methods and techniques to design and /or execute research based or professionally focused property or valuation projects, demonstrating capacity for independent and collaborative learning, addressing real world industry issues
  5. Collaborate effectively with others and demonstrate intellectual independence and autonomy to solve problems and/or address industry issues and imperatives
  6. Critically examine and reflect on the profession, in local and/or global contexts, and question accepted interpretations and decision making


Course Learning Outcomes (CLOs)

Upon successful completion of this course you will be able to:

  1. Describe the process of property development and reflect on local and global practice 
  2. Apply property development techniques to assess land for development opportunities
  3. Evaluate the impact of equity and debt on property development options
  4. Identify the development risks for property stakeholders
  5. Develop promotion and marketing plans for the disposal of a completed property development


Overview of Learning Activities

Your understanding of property development process will be further developed through class activities and individual and/or group assignments which will include a focus on analysis and report skills required to work within the property development sector.


Overview of Learning Resources

RMIT will provide you with resources and tools for learning in this course through our online systems. The learning resources for this course will be communicated to you during the semester.
 


Overview of Assessment

You will be assessed on how well you meet the course’s learning outcomes and on your development against the program learning outcomes. Assessment consists of:  

Task 1: Group Periodic report 1 (Site, Location and Market analysis) - 20%.  Site visit report and Site, Location and market analysis of a development site. CLO1, CLO2, CLO4.

Task 2: Group Periodic report 2 (Financial Feasibility analysis) - 20%.  Carry out a development financial feasibility analysis on Excel. Must complete traditional method and land value calculation. Using the results from the financial feasibility analysis, calculate profit, profit margin and the maximum bidding price for the land to get the given required profit margin. CLO1, CLO2, CLO3, CLO4.

Task 3: Group Periodic report 3 (Evaluation and Proposal) - 20%.  Evaluation of the current proposal, promotional plan and alternative proposal of a development site. CLO1, CLO2, CLO3, CLO4, and CLO5.

Task 4: Individual Final Exam – 40%.  Test on theoretical understanding of property development and property development process individually.  CLO1, CLO3 and CLO4.

Feedback will be given on all assessment tasks. 

Equitable Learning Services 

Equitable Learning Services (ELS) provide support and equal opportunities for students with a disability, long-term illness and/or mental health condition and primary carers of individuals with a disability. You can contact the ELS if you would like to find out more: https://www.rmit.edu.au/students/support-and-facilities/student-support/equitable-learning-services. You can also contact the course coordinator or the program coordinator if you would like to find out more. 

An assessment charter (http://mams.rmit.edu.au/kh6a3ly2wi2h1.pdf) summarises your responsibilities as an RMIT student as well as those of your teaching staff. 

Your course assessment conforms to RMIT assessment principles, regulations, policies and procedures which are described and referenced in a single document: http://www.rmit.edu.au/browse;ID=ln1kd66y87rc.