You will unpack a development appraisal and learn when it is suitable to use, what are the key inputs as well as what an appraisal can actually tell a valuer.
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Development Appraisals are widely used by developers and valuers, but what are they, and what is included in them? This course is designed to answer these questions. The trainer will detail in what situation a development appraisal is suitable, what are the key inputs, what can a development appraisal tell the valuer, and what are the pitfalls of which to be aware.
You will be introduced to the residual method of valuation, shown when it is used, and its components. The trainer will also explore developing cash flow residuals, multi-phase development appraisals and sensitivity analysis, and will consider the differences of valuing to land value or developer’s profit. At the end of the day, attendees will have a comprehensive knowledge of how a development appraisal works when employed by a development consultancy or for loan security purposes and will be able to confidently work on appraisal projects.
After this programme, you will be able to:
The course will be delivered from the perspective of a surveyor undertaking a development appraisal for either a development consultancy or loan security purposes. The trainer will analyse the content, requirements and features of a development appraisal, and will ask delegates to complete a number of individual and group exercises. This will include delegates completing their own appraisal during the day.
Mr Gary Man FRICS, Managing Director of GCA Asset Services Limited
Mr Gary Man FRICS is the Managing Director of Greater China Asset Services, Global Business Valuation Sub- Board Member, Asia Business Valuation Committee Chairman and Asia Valuation Professional Group Member. He has more than 25 years’ experience in valuation and consultancy. He has been engaged in numerous assignments covering the Asia-Pacific region, in particular in countries such as China, Taiwan and Hong Kong, Korea, Malaysia, Singapore, Vietnam, Thailand and further west to India, Kazakhstan and the Republic of the Maldives.
Gary also has academic experience. He was a visiting lecturer at the Hong Kong Polytechnic University (PolyU) lecturing on Business and Intangible Assets Valuation and other topics. In China, he has given lectures on similar subjects for the ZheJiang University in Hangzhou City. He was also invited to be the External Examiner for the MSc programme in International Real Estate (ZheJiang) for the PolyU.