...Residential Land Development Residential construction planning and zoning will be the primary focus of this research assignment. First discussed topic will be a rough checklist of the development process from start to finish. Secondly discussed, will be the comprehensive land use plan. Next, the topic will be exactly what zoning is, and how it affects urban land development process. Subdivision regulations, plats, will also be discussed. Lastly a graph showing the process will be provided and discussed regarding the city of Lubbock ‘s development process. Development starts with a vision in mind; it would be have to be used with the skills, desires and resources to produce the outcome that is desirable by the developer. “Construction Funding (4th Edition)” says, “ The process of development is long and complex”, they give a check list that is a good guideline for the process, but due to the complexity of the process it is not a definite checklist. According to “Construction Funding (4th Edition)” page 67 the check list goes as follows: - Concept: Product identification and establishment of development criteria - Identity seed capital - Assemble Internal team: Site Acquisition, financial analysis, marketing, negotiation - Market area identification - Location possibilities - Feasibility study - Marketing study - Site Analysis: Preliminary environmental study, suitable for desired purpose; identifying potential obstacles and opposition - Land Acquisition: Optioning...
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...Real Estate Industry The laws of real property concern the many aspects of landownership, its use, and its conveyance. Its subjects include estates, ownership, leaseholds, contracts, mortgages, deeds, land titles, recording and more. According to J.P. Wiedemer and J. E. Goeters from their book Real Estate Investment, in real property law, an estate is an interest in land. It is the sum of property rights and/or things affixed to the land, which have a given duration of time (including infinity). An estate is concerned with the land; an ownership is concerned with people. Another definition of Real Estate, according to Dennis J. Mckenzie and Richard M. Betts from their book Essentials of real estate economics 2006 edition, is defined as land, that which is affixed to the land, that which is appurtenant to the land and that which is immovable by law. The ownership of real estate carries certain rights, known as the bundle of rights. The bundle includes the right to use, possess, exclude and dispose. These rights are not absolute; they can be legally modified by private restrictions and government regulations and laws. In short, real estate or real property is land and improvements and the rights associated with the ownership of same. One of the largest and most important investments that the average person makes is a house to live in. In past years, it was considered an acquisition of living accommodations and was expected to decline in value as it grew older and more outdated...
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...Industry. The objective of our project is to deeply analyze the Real Estate Industry in India. Our Analysis includes Demand and Supply in the real estate market, Production and Cost analysis, Consumer behavior effect on demand and costs. We have further analyzed the Market structure of Real Estate Industry and the different strategies about by different players. During our Analysis we have taken DLF infrastructure as an illustration to reflect some concepts, facts and figures about Real Estate Industry. * * * Introduction * The Real Estate Sector in India The real estate sector in India is flourishing rapidly with a growth rate of 30 percent each year. About 80 percent of the real estate development in India has been in the field of residential housing. The remaining 20 percent of the real estate includes office, shopping malls, entertainment centers, hotels, multiplexes and hospitals. India’s booming outsourcing business industry and consumption-led growth are contributing significantly to its real estate growth. The outsourcing business houses including call centers, technical consultancy services, and medical transcription units and programming houses constituted around 10 million square feet of real estate growth in India till 2003. In last couple of years the share of commercial sector in the overall real estate growth has been more prominent. Considering the advantages...
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...Introduction The purpose of this paper is to evaluate involvement of the planners is the development design during pre-planning and planning design stages. In order to achieve this, firstly, I will briefly outline the intention of Irish planning system and the purpose of the pre-planning consultations. Subsequently, through examining three situations from my recent experience I’m going to explicate planners’ various reasons of modifying proposed developments and explore on what basis these observations and conditions were made. Consequently, I’m going to summarize how these changes were dealt on behalf of the applicants, what impacts had planners’ decisions on these projects in general, and I will briefly outline what might have been done...
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...operations in the year 2013 through buying undeveloped land and subdividing it into small manageable pieces of land to accommodate the customer needs. Its major operations are in Kakamega County of the great western region. The major function of the DUNE real estate manager consists of land management and land development. The company is in the process of conducting feasibility study on the two neighbouring counties with the aim of venturing into the new markets of Bungoma and Busia Counties. Land management entails acquiring, managing and disposing of the County’s real estate holdings both public and private in support of corporate and community objectives. Land development is a process which transforms raw land owned by the County as well as private land, into serviced, developable parcels. The activities related to this process includes planning, marketing and selling lands for a variety of uses, including, but not limited to residential, industrial, institutional, recreational and commercial. DUNE real estate manager continues to be Kakamega’s most popular residential land subdivision development company, as there are few players in the market. In 2013 DUNE released 20 lots in two Phases. This will bring the total number of developed lots to 15 since the subdivision started in 2013. Looking forward, we have been putting a great deal of effort into working with County internal land department that has identified land requirements in their business plans for both the public...
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...A Comparative Analysis of Real Estate Companies in Bangladesh: A Study on Advanced Development Technologies Ltd and Other Leading Companies ©Daffodil International University Library Page i A Comparative Analysis of Real Estate Companies in Bangladesh: A Study on Advanced Development Technologies Ltd and Other Leading Companies Prepared For Mr. Mohammad Masum Iqbal Assistant Professor Department of Business Administration Daffodil International University Prepared by, S. M. Sourav Batch: 22th ID # 091-11-675 Major in Marketing Program: BBA Faculty of Business & Economics Daffodil International University Date of Submission: 15th December, 2012. ©Daffodil International University Library Page ii Daffodil international universit Letter of Transmittal 15th December, 2012. To, Mr. Mohammad Masum Iqbal Assistant Professor Department of Business Administration Faculty of Business & Economics Daffodil International University 102/1, Sukrabad, Dhanmondi, Dhaka-1207 Subject: Submission of Internship Report. Dear Sir, I would like to submit my internship report on “A Comparative Analysis of Real Estate Companies in Bangladesh: A Study on Advanced Development Technologies Ltd and Other Leading Companies” for partial fulfillment of BBA program with specialization in Marketing. Especially I have interned on Business Development. My appointment is commencing on 18th July, 2012 and finished 17th October, 2012. It has been a greet contentment for me to have the opportunity...
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...great opportunity for us to apply our theoretical expertise, sharpen our view and ideas. Finally, we are very thankful to you for giving us an effective topic to prepare our report and we are waiting eagerly for any kind of question you may have concerning our report. Sincerely yours On Behalf of our Group ………………………. Sameya Azad This is high time we conveyed our deepest gratitude and sincere submission to the Almighty ALLAH for giving us the opportunity to accomplish such an enjoyable task of preparing this report in time. We express our thanks to our dear course teacher Mrs. Farzana Lalarukh for assigning us a report dealing with the Real estate sector and detail business plan of project developer and land developer in Bangladesh. In this regard, we would also like to thank ourselves for our good teamwork and successful team spirit. Without co-operation and the support from each other, it would not be possible to prepare a resourceful report. The presentation of this formal study paper is of a great expectation in our BBA program and we are...
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...ECONOMIC ANALYSIS First Trimester 2015 - 2016 Submitted to JOEL C. YU, Ph.D. University of the Philippines Cesar E.A. Virata School of Management OUTLINE I. Introduction a. Statement of the Problem ............................................................. b. Background of the Study and Market Trends ................................ 1. 1997 Asian Financial Crisis 2. The Late 2000 US Property Bubble 3. Real Estate Market Trends II. Analysis of the Philippine Real Estate Industry………………………………….. III. Conclusion ............................................................................................ IV. References………………………………………………………………………………………… Annex A. Major Industry Players Annex B. Further Developments by the Major Industry Players Annex C. Present Global Situation 2 I. INTRODUCTION A. Statement of the Problem The purpose of the study is to determine if there is an impending property bubble in the Philippines, citing current indications similar to the 1997 Asian Financial Crisis and the US Property Bubble in the late 2000, as well as comparisons with the general real estate market trend. B. Background of the Study and Market Trends 1. 1997 Asian Financial Crisis and the resulting Philippine property bubble The 1997 Asian Financial crisis was a period of massive economic meltdown, the most severely affected countries of which were Indonesia, South Korea, and Thailand. The Philippines and the rest of the...
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... EXECUTIVE SUMMARY 3|Page II. TABLE OF CONTENTS 4|Page III. ACKNOWLEDGEMENT 5|Page IV. INTRODUCTION 6|Page V. EXTERNAL ENVIRONMENT ANALYSIS 1. Definition of Industry Table 5.1 Real Estate Industry Classification Industry Supersector Sector Subsector 8000 Financials 8600 Real Estate 8630 Real Estate Investment and Services 8633 Real Estate Holding and Development Industries are the circles in the supply chain diagram. Each industry is a set of firms that operate in the same space in a supply chain, competing to control some of the space and so capture value. Industries have structure, history/trajectories and competitive dynamics that set the context for new entrants. In the Real-Estate Industry organizations primarily engaged in renting or leasing real estate to others; managing real estate for others; selling, buying, or renting real estate for others; and providing other real estate related services, such as appraisal services. Companies that invest directly or indirectly in real estate through development, investment or ownership. Excludes real estate investment trusts and similar entities, which are classified as Real Estate Investments. Source: www.icbenchmark.com/ICBDocs/Structure_Defs_English.pdf 7|Page 2. Analysis of Potential Changes in the Macro-Environment Industries operate within the Macro-Environment, where most analysis starts. This includes all factors that can influence and organization...
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...8% in Q4 and 8.3% in Q3 2012, according to Colliers International. During the latest quarter, high-end residential property prices in Makati CBD increased 6.92% (6.25% inflation-adjusted) in Q2 2013, the highest increase since Q4 1995. In other main districts: * In Bonifacio Global City, the average price of a premium 3-bedroom condominium rose by 12.4% y-o-y to PHP127,575 (US$2,911) per sq. m. in Q2 2013, or a quarterly increase of 5%. * In Rockwell Center, secondary residential property prices also increased by 10.6% y-o-y and 3.6% q-o-q, to an average of PHP132,770 (US$3,030) per sq. m. in Q2 2013 Land values have also been appreciating recently. In the second quarter of 2013: * In Makati CBD, land values rose by 8.32% to PHP283,185 (US$6,462) and PHP325,275 (US$7,423) per sq. m. During the latest quarter, land prices increased by 2.06% in Q2 2013. * In Ortigas Center, land values increased by 6.45% to a range from PHP104,925 (US$2,394) to PHP171,860 (US$3,922) per sq. m. Quarter-on-quarter, land values rose by 1.75%. * In Bonifacio Global City, land values rose by 8.47% y-o-y and 1.8% q-o-q to a range from PHP200,850 (US$4,583) to PHP292,900 (US$6,684) per sq. m. Rents are also rising. In Makati CBD, the average monthly rent of a premium 3-bedroom condominium rose by 7.2% y-o-y to PHP790 (US$18) per sq. m. in Q2 2013. Likewise, residential rental rates in Bonifacio Global City also increased by 7.4% to a monthly average of PHP780 (US$18) per...
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...I. Introduction A. Real Estate Industry (World & Philippine) Real estate refers to land, as well as any physical property or improvements affixed to the land, including houses, buildings, landscaping, fencing, wells, etc. Vacant land and residential lots, plus the houses, outbuildings, decks, trees sewers and fixtures within the boundaries of the property are examples of real estate. There are a variety of ways to invest in real estate, ranging from real estate investment trusts (REITs) to buying rental property or multi-family housing. For investors turned off by the idea of fixing plumbing and dealing with tenants, REITs offer the opportunity to participate directly in the ownership or financing of real estate projects. REITs are tradable interest (much like a share of stock) in a pool of real estate-related assets. REITs own, and often operate, income-producing real estate such as office buildings, apartments, shopping centers, warehouses and hotels. Many REITs specialize in one property type, such as offices, apartments or regional shopping malls. Most investors buy REITs for their rich dividends, although those dividends are usually fully taxable. Keep in mind, though, that each real estate sector is affected by different economic cycles. Larger, diversified, or geographically dispersed REITs are less exposed to regional weakness and major economic cycles. On the other hand, smaller, more specialized REITs often provide the greatest growth potential. In addition...
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...government that is used to finance government activities. A land value tax is a tax that is paid by landowners to the government based on the value of the land, disregarding property and any improvements made to the land. The most efficient tax would result in the least distortion of economic decision making thereby interfering the least with the market’s efficient allocation of resources and reducing the “excess burden” on society. In this essay, we shall be first examining the economic effect of a land tax, and discuss how land tax is economically efficient. Then I will discuss how land value tax may not be the most efficient tax due to the supply elasticity of land created by government land use regulations and the existence of alternative potentially efficient tax bases. Refer to figure 1. As land is immobile and the amount of land available at any point in time is fixed, we assume the supply of land (S) is perfectly price inelastic. Demand for land use is represented by D. The rent paid by the land user to the landowner is OR, and the rental revenue earned by the owner is ORAQ on figure 1. Changes in the economic rent of land do not affect the quantity of land supplied. With the implementation of a land value tax of OT, based on the value of the land, the total rental revenue received by the landowner is reduced from ORAQ to TRAB, and the tax revenue earned by the government is OTBQ. As the supply of land is perfectly price inelastic, the incidence of the tax is...
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...Introduction The project of Manly is located in 45 Courtly Road with full ocean frontage. The development is targeting a range of environmental performance and the Green Star rating tool which covering: * Management * Indoor environment quality * Energy * Transport * Water * Materials * Land use & ecology * Emissions * Innovation This report outlines the key Ecologically Sustainable Design (ESD) initiatives proposed for this development. Additionally, it will cover other relevant issues as well. 1. What is Green Star and how does it apply to multi residential projects? 1.1 Green Star The Green Star rating system for building was developed by the Green Building Council of Australia (GBCA). Green Star is Australia’s first comprehensive rating system for evaluation the environmental design and performance of Australian buildings based on a number of criteria, including management, indoor environmental quality, energy conservation, transport, water conservation, land use & ecology, materials, emissions and innovation. Green star has built on existing systems and tools in overseas markets, including the British BREEAM (Building Research Establishment Environmental Assessment Method) system and the North American LEED (Leadership in Energy and Environmental Design) system, by establishing individual environmental measurement criteria relevant to the Australian marketplace and environmental context. The Green...
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...De La Salle University - Manila College of Business A Strategic Management Paper on SM Development Corporation Submitted by: Encarnacion. Lipana. Raymundo. Rey. Soriano. EXECUTIVE SUMMARY SM Development Corporation (SMDC) was originally incorporated on July 12, 1974 as Ayala Fund, Inc., a closed-end investment company. In March 1986, it was renamed SM Fund, Inc. after the SM Group of Companies took ownership of the company. After which, it stayed as an investment company that managed its investment thru diverse businesses in the country. In May 1996, SM Fund, Inc. was again renamed to SM Development Corporation to better state its new business of property development, whose focus is primarily to enter into the opportunities of the real estate industry. The paper aims to provide a comprehensive analysis on SM Development Corporation’s industry as one of the leading property development companies in the Philippines. Currently, the company is at full-swing with their openings of new condominiums for students, vacationers and business people depending on its location. SMDC has proven to be able to respond to buyers their locations are friendly to their target market and their price range is more affordable while amenities are not constrained. In order for the company to keep its head above their competitors, strategic management should be done. In line with this, the paper will be focusing on details such as the SWOT analysis, financial analysis and the different matrices...
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...high-end restaurants and clothing stores (IBI Group 2013). Land use in King-Spadina has shifted from an area focused predominantly on industrial and other employment uses to a district that has become a melting pot of new residential, commercial, and entertainment uses. During my observation at a cafe on King St., at the Aroma Espresso bar, I saw a number of people who looked to be in their late twenties to mid thirties, many of whom were on foot, and several on bikes. There weren't many cars, and people in this area seemed to be the type of people I’d pictured as a child when thinking of global cities like New York: stylish, busy and successful. Most of the old warehouses I’d passed by had been renovated into condos, and there were a number of construction sites dotted around. It was wonderful to see; these old buildings being brought back to life instead of being demolished or left to slowly...
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