MODUL MINGGU 2
PENGANTAR REAL ESTATE
Project and Real Estate Investment
Prepared by Hasan Nuryadi, M.Ec. B.Sc(Hons)
Project and Real Estate Investment
1. Definition of development
“Development means the carrying out of building, engineering, mining or
other operation in, on, over or under land, or the making of any material
change in the use of any buildings or other land.”
(1971, Town and Country Planning act)
2. Development process and Relationship with Current Investment
Development land, Potential land with proposed layout, Proposed plan with planning
permission, Approval in principal, converted land use, Totally Approval with premium
paid, but without building plan, Totally Approval with premium and building plan
3. Development process
In development process any several stages or certain phases comprises are site
identification, evaluation, acquisition, design and costing, permission, commitment,
implementation and finally let or manage or dispose. Each stage in development
process has characteristic such as take time period, current cost outflow, the need
experts must be paid and expected decision weather positive result or negative
result. And these characteristic are a part or uncertain risk in the implementation of
investing real estate development.
2008
1
Real Estate
Hasan Nuryadi, M.Ec B.Sc
Pusat Bahan Ajar dan eLearning
http://www.mercubuana.ac.id
Landowner
Financial
Institution
Developers
Property
Development
yy
Building
Contractors
Statutory
Bodies
Professional
Advisers
5. Recources and type of cost project of real estate development
i. Direct project funding i.e ;
- Bridging Finance
- Revolving Credit Facilities
- Corporate Credit Facilities
- Mortgage Finance
- Sale and Leaseback
ii. Corporate Finance
iii. Debt Finance
iv.Equity Finance
v. Institutional Investmant
vi. Property Companies
vii. Joint Ventures
2008
2
Real Estate
Hasan Nuryadi, M.Ec B.Sc
(David Isaac, 1994)
Pusat Bahan Ajar dan eLearning
http://www.mercubuana.ac.id
Tujuan Pengukuran Proyek
Untuk memberi satu asas yang rasional dalam membuat keputusan ke atas
pembangunan sesuatu proyek pembangunan real estate . ia melihat kepada satu
ukuran
keberhasilan
atau
kegagalan
sesuatu
proyek
pembangunan
jika
dilaksanakan. ( Nor’aini, 1991).
7.1 Jenis proyek Pembangunan Real Estate
Perumahan kediaman (Residence )
Perdagangan dan perniagaan(commercial Properties)
Perindustrian (industrial)
Kemudahan infrastruktur
Pariwisata dan rekreasi
Real estate (public and Institution)
7.3 Kaedah Pentaksiran Perdana
Kaedah Nilai sisa Perdana, Konsep taksiran ini diambil daripada penggunaan
kaedah nilai sisa. Konsep dasarnya merujuk kepada;
Nilai Pembangunan atas tanah = Nilai yangterpendam tanah
PUSAT KOTA
A
B
D
2008
3
Real Estate
Hasan Nuryadi, M.Ec B.Sc
C
E
Pusat Bahan Ajar dan eLearning
http://www.mercubuana.ac.id