An

office building in Sydney’s CBD with a total lettable area of 25,000m

The developer cannot mitigate internal factors and but influence the overall external economy or circumstances.

Planning

constraints may limit dwelling sizes.

In the property development process, during the Planning Permission and Approvals stage, the extent of flexibility in the process begins to diminish.

The (property development process) implementation stage begins when all required raw materials are in place.

A development that started in May 2023 will be completed in April 2025, and the GDV of the project is $35,000,000. The total development cost is $18,000,000 and the developer’s profit is 20% of the GDV. What is the land value?

Just provide the final answer ($ figure).

List and discuss 2 components of any market analysis.

Note, a deeper discussion is expected to get the full mark.

Risk increases in the following manner: 1. Certainty, 2. Partial Uncertainty, 3. Risk and 4. Total Uncertainty.