This module has covered the development, roles and contribution of construction industry to our national economy. Not only that, the process in a property development and factors that influence the development process is also being introduced in this module. Mainly, the topics that were introduced in this module is somehow related to the module, Building Economics.
Other than that, we are taught about the Property Development and Investments, Development Appraisals, Factors affecting Property Development, Market Research, Cost Benefit Analysis (CBA) and Development Finance. It is then concluded with the important of market research to the overall development process and its impact of research to the development.
The final assignment for this module is a 2 days workshop integrated together with Building Economics whereby an invited speaker, Mr. Eugene Seah from Surbana Jurong Pte. Ltd. has been invited to host this workshop. Students are required to act as a multidisciplinary group of consultant and propose a development on a piece of land in Singapore together with a cost analysis for the design of the proposed development. The workshop carries the purpose to provide opportunity for students to integrate with students from other semester. Moreover, it also allows them to understand the importance of the roles of each professions in the construction industry. This is because a role of a Quantity Surveyor, does not only comprises of measurement but other knowledge and skills that a QS should be equipped.
TAYLOR'S GRADUATE CAPABILITIES ( TGC VALUES )
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Since this is a group assignment, communication skills and cooperation between the
Building Economics and Development Economics students is definitely essential
whereby we have liaise with each other as all of the parts are correlated with each
other to ensure a successful outcome of the project.
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It also requires us to use ICT and related technologies effectively. This is because we
have to search rates and relevant items that are required through internet as not only
items can be retrieved from the SPON's and ARCHADIS Cost Handbook during the
assignment.
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In this module, it allows us to develop and reinforce our thinking and problem solving
skills by thinking critically in order for us to accomplish the task. For instance, we were
required to design a proposed building based on the Conditions of Tendering. For
example, the building must be of certain height and comprising of different types of
developments.
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In this assignment, we were required to put theories that we have learnt during the
lectures and tutorials into practice as we are required to prepare a Financial Appraisal,
Cost Benefit Analysis (CBA) and Market Analaysis where only theories are being taught
to us.
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