The main objective of this subject is to understand the basic principles of economics and its link to the real world of construction and to develop an understanding of the whole process of property development. Besides, it is aimed to enhance the understanding of the contribution of feasibility study in property development. The third objective is to understand the overall mechanism of the finance system in the construction industry.
There are two lecturers in this subject who are Ms Tay Shir Men and Sr. Soon Lam Tat. They are passionate in teaching and also spent much time on explaining the parts that we do not understand. They also shared a lot on property development to enhance our knowledge. They are great lecturers. In this subject, there were 20% for mid term test, 30% for assignment and 50% for final exam.
For the assignment, it was merged with the Project Management's assignment. We have to do a report for the proposed development. The report included cash inflow, cash outflow, quarterly cash flow, net present value and more. It was a difficult task because there are so many requirements and we need to follow in order to get an accurate answer. It also enable us to analyse the cash flow of the project and whether is the project bringing positive cash flow. This can improve my critical thinking and enable me to make decision based on analysis.
