1-DAY TRAINING COURSE 13 OCTOBER 2010

PE Board Accredited: 8 PDUs

COURSE BACKGROUND

Real Estate is developed or purchased for owner-occupation or as an investment for rental income or subsequent resale when capital values appreciate. Financing requirements can generally be short-term in the case of development projects or longer term in funding real estate investments.

Funds can be raised internally or externally. Contributors to external funds include individuals, banks, managed property funds and securitisation or REITS. The capacity to arrange for cheaper finance can give real estate developers and investors a competitive edge as large sums are involved. Factored in the financing process are considerations of costs, appraisal of revenue streams and risks and return for lenders and borrowers.

COURSE OBJECTIVES

The course will provide knowledge and understanding of real estate economics and finance covering:

• Real Estate and Real Estate Development as Investment Vehicles
• Capital Markets and Financial Institutions
• Concepts of Value and Worth In Real Estate Development and Investment
• Overview of The Traditional Approaches To Real Estate Appraisal-Valuation
• Traditional and Contemporary Real Estate Finance and Risk Considerations.

1. Real Estate and Real Estate Development

• Real Estate Cycles
• Real Estate Markets
• Real Estate Development Process

2. Real Estate Investment and Finance

• Characteristics of Real Estate Investments
• Types of Real Estate Investments
• Real Estate Financing and Lending Criteria

3. Real Estate Investment Appraisal: Fundamental Concepts

• Value and Worth
• Time Value of Money
• Income & Income Streams
• Yield and Capital Value

4. Real Estate Investment Appraisal: Basic Approaches

• Comparison Method
• Investment Method
• Residual Method
• Profit Method
• Contractors Method

5. Traditional Real Estate Financing: Principles & Practice

• Debt Financing
• Equity Financing
• Sale and Lease Back
• Mortgages

6. Contemporary Real Estate Financing: REITS

• Characteristics of Real Estate Investment Trusts (REITS)
• Equity and Mortgage REITS
• REITS Financing

COURSE LEADERS

Dr Quah Lee Kiang
Dr Quah is the Director of the Real Estate and Construction Centre in Singapore and Malaysia. She has extensive regional and international experience in Project and Facilities Management & Maintenance research, advice and academia. Dr Quah led the EU funded project BE4213 Condition Assessment and Maintenance Strategies for Buildings and Building Components, which among other things, sought to develop an objective building condition assessment system. This project formed part of ongoing research over the last 20 years which culminated in Dutch Standard NEN 2767 on Condition Assessment of Buildings, believed to be a ‘world first’. Her professional and research affiliations include being Coordinator of the International Council for Research and Innovation in Building and Construction (CIB) Working Commission 70 on Facilities Management and Maintenance from 1990-2000 and past President of the Chartered Institute of Building Singapore Centre for two terms.

Mr Wong Tuck Wah
Mr Wong retired as the Chief Operating Officer of National Trades Union Congress (NTUC) Healthcare Co-operative Limited in January 2009, and was responsible for facilities acquisition, management and business operations. Earlier postions he held include being Deputy Director of NTUC’s Administration and Research Unit and Deputy Director of the Singapore Institute of Labour Studies. He was also the workshop leader for the Valuation modules in the Oxford Brookes University BSc Estate Management programme. Mr Wong also represents the labor movement in numerous committees pertaining to workers’ education and training such as the Chinese Development Assistance Council and the Institute for Technical Education.

COURSE DATE AND VENUE

Wednesday, 13 October 2010
Training Lab C.303, Block C Level 3, Employment & Employability Institute
141 Redhill Road, Singapore 158828

COURSE FEES

The course fee of $595.00 includes course documentation and refreshments at breaks. A group discount of 10% will apply for three or more delegates from the same organisation. SDF applications can be made on a case-by-case basis; please call SDF for details.

COURSE ACCREDITATION AND CERTIFICATE OF ATTENDENCE

The course has been approved for 7 PDU units under the PE Board Continuing Professional Development programme. Attendance certificates will be issued; they may also be suitable for meeting the CPD requirements of other relevant professional bodies not operating a CPD course accreditation system.

WHO SHOULD ATTEND

The course will benefit those who have a vested interest in buildings including:

• Developers
• Building Owners
• Government Officials
• Architects
• Engineers
• Project Managers
• Quantity Surveyors
• Contractors/Sub-Contractors/Suppliers
• Property Managers
• Facilities Managers
• Maintenance Managers
• Management Corporations
• Town Councils
• and Others

CANCELLATIONS

Cancellations made less than 1 week before the commencement of the course will be subjected to an administrative fee of $100.00. Substitutions can be made at any time.

COURSE ENQUIRIES AND REGISTRATIONS

Mr Ken Chew
Tel:  6474 7442   Fax: 6474 7443   E-mail: recc@pacific.net.sg

PLEASE NOTE

It may be necessary for reasons beyond RECC’s control, to change the content and timing of the programme and the identity of the course leader/s.