This module introduce me to the development, roles and contribution of construction industry to the national economy. It is initiated with the introduction of the process in a property development and factors that influence the development process. This subject also cover a various techniques of development appraisal and source of finance available. This subject is then concluded with the important of marker research to the overall development process and its impact of research to the development.
This subject allow me to have better understanding on the basic principles of economics and its link to the real world of construction and to develop an understanding of the whole process of property development, and able to enhance the understanding of the contribution of feasibility study in property development and understand the overall mechanism of the finance system in the construction industry.
Other than that, I am now able to calculate the developers budget during the initial development process for example, GDV and GDC. Other than that, also able to execute the cost-benefit analysis in the early stage of investment proposal and valuation system to help on decision making during the feasibility stage and classify various source of finance available in the construction industry and to outline the requirement in a quality marker research.
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