Feasibility study of property development projects

Property development has been portrayed as a complex, dynamic, and potentially high risk creative activity. While it involves the application of business, professional and technical skills of a high order of sound judgement at all stages, there are always factors which may be totally beyond the con...

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Main Author: Koo, Keck Fuah.
Other Authors: Wong Wai Fan
Format: Theses and Dissertations
Language:English
Published: 2011
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Online Access:http://hdl.handle.net/10356/42643
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-426432020-09-26T21:17:46Z Feasibility study of property development projects Koo, Keck Fuah. Wong Wai Fan Centre for Advanced Construction Studies DRNTU::Engineering::Civil engineering::Construction management Property development has been portrayed as a complex, dynamic, and potentially high risk creative activity. While it involves the application of business, professional and technical skills of a high order of sound judgement at all stages, there are always factors which may be totally beyond the control of the developers. Each development has a distinct set of physical, market, legal, financial and engineering characteristics. The better the developers understand these complex set of attributes, the higher will be the probability that a better development decision will be made. In years of practical exposure in the property development industry, the author finds out that most of the developers do not think highly of those theoretical framework of a feasibility study commonly covered in the books and literature. In these developers' view, much of these theoretical works areunnecessary and unimportant. Instead, they will focus their study on certain areas which are substantially less emphasised theoretically. Such focus, as commonly accepted and done by the developers, are being regarded as comfortably sufficient for a feasibility study on a property development project. In other words, residential property developers used to perform only a very straightforward financial analysis, which is so simple to the extent that it merely takes a few minutes. In order to find out more details, the author carried out two case studies and an industrial survey to confirm the developers' collective views, considerations and emphasis on feasibility study. Master of Science (International Construction Management) 2011-01-06T03:00:13Z 2011-01-06T03:00:13Z 1998 1998 Thesis http://hdl.handle.net/10356/42643 en 202 p. application/pdf
institution Nanyang Technological University
building NTU Library
country Singapore
collection DR-NTU
language English
topic DRNTU::Engineering::Civil engineering::Construction management
spellingShingle DRNTU::Engineering::Civil engineering::Construction management
Koo, Keck Fuah.
Feasibility study of property development projects
description Property development has been portrayed as a complex, dynamic, and potentially high risk creative activity. While it involves the application of business, professional and technical skills of a high order of sound judgement at all stages, there are always factors which may be totally beyond the control of the developers. Each development has a distinct set of physical, market, legal, financial and engineering characteristics. The better the developers understand these complex set of attributes, the higher will be the probability that a better development decision will be made. In years of practical exposure in the property development industry, the author finds out that most of the developers do not think highly of those theoretical framework of a feasibility study commonly covered in the books and literature. In these developers' view, much of these theoretical works areunnecessary and unimportant. Instead, they will focus their study on certain areas which are substantially less emphasised theoretically. Such focus, as commonly accepted and done by the developers, are being regarded as comfortably sufficient for a feasibility study on a property development project. In other words, residential property developers used to perform only a very straightforward financial analysis, which is so simple to the extent that it merely takes a few minutes. In order to find out more details, the author carried out two case studies and an industrial survey to confirm the developers' collective views, considerations and emphasis on feasibility study.
author2 Wong Wai Fan
author_facet Wong Wai Fan
Koo, Keck Fuah.
format Theses and Dissertations
author Koo, Keck Fuah.
author_sort Koo, Keck Fuah.
title Feasibility study of property development projects
title_short Feasibility study of property development projects
title_full Feasibility study of property development projects
title_fullStr Feasibility study of property development projects
title_full_unstemmed Feasibility study of property development projects
title_sort feasibility study of property development projects
publishDate 2011
url http://hdl.handle.net/10356/42643
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