Development appraisals are widely used by developers and valuers, but what are they, and what is included in them? This course will answer these questions.
Book before 22 March 2019 for the early bird discount
From HK$3500Book now
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.
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.
Although development appraisals are mentioned in undergraduate courses, the level of detail required in the commercial environment is not covered, especially for multi-phase developments. This course will fill in the gaps. The course will develop individual’s ability to comprehend and consider development appraisals, identify the key drivers of value (and the risk associated), as well as prepare sensitivity analysis. All are key points required to produce professional appraisals.
After this programme, you will be able to:
Mr Gary Man FRICS, Managing Director of GCA Asset Services Limited, Member of RICS Asia Board
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, Member of RICS Asia Board and 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. Gary is currently a member of the RICS Asia Board.
For enquiries or further information, please contact Mr Peter Au, RICS Business Development Manager, on +852 2116 9719 or email@example.com.