DEPARTMENT OF ESTATE MANAGEMENT

FACULTY OF ARCHITECTURE, PLANNING AND SURVEYING

UNIVERSITI TEKNOLOGI MARA

PROGRAMME
AP225 - BACHELOR OF ESTATE MANAGEMENT (HONS.)
COURSE
DEVELOPMENT APPRAISAL (RES551)
SEMESTER
MARCH - AUGUST 2022

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DEVELOPMENT PROPOSAL AND FEASIBILITY STUDIES

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Assignment Objective:

To assess students’ understanding and ability to conduct a feasibility study and prepare
a property development proposal. This specific task is related to Course Learning
Outcome (CLO) 2 which is to assess the practical skills attribute in MQF 2 Learning
Outcome Domain. This assignment also to determine the attainment level of students for
Learning Outcome Domain (LOD4) interpersonal skill.

The Task:

As a property development executive, you have been assigned by the top management
to search a potential land that could be DEVELOPED INTO A HIGHER AND BETTER
USE.
The development location that the investor is flexible. It depends on the locality of the
group of students located (pandemic COVID19 situation).

As such, your team is required to prepare a thorough feasibility study of the proposed
development.

Students are required to produce a simulation of FS reports in a group based on flexible

case study and apply appropriate valuation methods. A brief video presentation to
explain the findings of FS report should submit together with the FS report. The FS
report and video presentation must be submitted in softcopy form using online platform
(Google Classroom platform).

1
Scope of work:

1. To search a land with a potential for a development.

2. Proposed development site: minimum 10 acres.
3. To carry out a detailed site analysis, to propose the higher and better use of the site
and recommend a development plan.
4. To carry out macro and micro economic studies and market studies.
5. To study all planning considerations, technical and legal requirements and guidelines
of ALL relevant authorities that are currently applicable. THESE GUIDELINES AND
REQUIREMENTS MUST BE INCLUDED AS APPENDICES TO THE REPORT.
6. To prepare a proposed development plan that shall include, among others, the
followings:
i. Development concept/theme.
ii. Development layout plan.
iii. Building design and plan.
7. To conduct a financial analysis and advice on the project’s profitability and viability;
and also address the issue of sensitivity analysis particularly on the development
variables involved as well as the assessment of financial risk of the proposed
development.
8. To prepare video presentation of the proposal.

Important Notes:

1. This project is a team work. Each team shall consist of 4-5 students only.
2. All data and costing used must be realistic and current; sources of data must be
stated in the report/appendices.
3. The proposal and video shall be submitted not later than 11th July 2022 (before 5.00
pm). Penalty will be imposed for late submission.
4. Students will present the proposal during a final presentation session to be held
online on 12 & 14 July 2022.
5. Proposals must be properly and professionally presented.
6. Each group must submit a report in hard copy (in A4 size, portrait set-up); the
financial feasibility shall also be made available in soft copy in excel format.
7. Students are strictly warned against plagiarisms failing which students shall be
deemed to have failed the project.
8. This assignment will carry 30% of the total mark for RES551; 25% will come from the
report, and 5% from the presentation

Prepared by :
Associate Professor Sr. Dr Thuraiya Mohd
Senior Lecturer
Department of Estate Management