Development Economics


This course develops the students understanding of development economics through the process of a feasibility study of a commercial property project. It examines the site analysis, market research, property management, property finance and the methods of investment appraisal; thereby developing the students ability to evaluate property investment.


BCA Singapore

  • Semester 1 - 2016


  • Semester 1 - 2016

Distance Education - Callaghan

  • Semester 1 - 2016

Learning Outcomes

On successful completion of the course students will be able to:

1. Understand the operation of property management

2. Conduct life-cycle costing analysis

3. Identify the sources of property finance

4. Understand the taxation implications and capital allowances in the property development process

5. Apply the methods of investment appraisal

6. Prepare a feasibility analysis for a commercial facility


  • Introduction to the process of feasibility study
  • Site analysis
  • Market analysis
  • Property Management and life-cycle costing analysis
  • Valuation of Property
  • Property finance and Tax implications/capital allowances
  • Time value of money
  • Present and future value calculation
  • Methods of investment appraisal
  • Discounted cash flow analysis
  • Risk analysis in discounted cash flow
  • Review of discounted cash flow analysis and process of feasibility study

Replacing Course(s)

This course replaces the following course(s): ARBE2300. Students who have successfully completed ARBE2300 are not eligible to enrol in ARBE3304.


This course replaces ARBE2300. If you have successfully completed ARBE2300 you cannot enrol in this course.

Assumed Knowledge

ARBE1300 or equivalent to ARBE2307 or equivalent - Students should have a basic knowledge of economics in construction industry (ARBE2307) before enrolling in this course

Assessment Items

Proposal / Plan: Property Management Proposal

Quiz: Online Quiz ¿ Investment Evaluation

Report: Feasibility Study Report

Contact Hours

BCA Singapore, Callaghan and Distance Education - Callaghan


Face to Face On Campus 2 hour(s) per Week for Full Term


Face to Face On Campus 1 hour(s) per Week for Full Term

Distance learning students will receive equivalent instruction through online or other distance education strategies.