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BRE562

This document provides information about the subject "Project Appraisal". It is a 3-credit subject taught by Prof. Eddie Hui and Mr. Milton Lau in the BRE (Building and Real Estate) department. No prerequisites are required. The learning approach includes lectures, seminars, workshops, independent study, assignments, and self-study. Assessment will be based 50% on coursework and 50% on examination. The objectives are to introduce basic valuation concepts, develop knowledge of international appraisal standards, and familiarize students with a broad range of appraisal approaches to integrate into comprehensive project appraisals.

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191 views2 pages

BRE562

This document provides information about the subject "Project Appraisal". It is a 3-credit subject taught by Prof. Eddie Hui and Mr. Milton Lau in the BRE (Building and Real Estate) department. No prerequisites are required. The learning approach includes lectures, seminars, workshops, independent study, assignments, and self-study. Assessment will be based 50% on coursework and 50% on examination. The objectives are to introduce basic valuation concepts, develop knowledge of international appraisal standards, and familiarize students with a broad range of appraisal approaches to integrate into comprehensive project appraisals.

Uploaded by

jasminetso
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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SUBJECT DESCRIPTION FORM

Subject title: Project Appraisal

Subject code: BRE562

Credit value: 3

Responsible staff and department: Prof. Eddie Hui and Mr. Milton Lau (BRE)

Pre-requisite (Subject title and code no, if any): Nil

Recommended background knowledge:

Financial appraisal; economics; real estate and land use appraisal; development appraisal.

Mutual exclusions: Nill

Learning approach:

Lectures and directed reading will be used to outline the techniques and approaches
determined by international valuation practice; conventional economic appraisal and
environmental appraisal.
Visiting speakers from international agencies will illustrate practical applications. Coursework
will be used to test understanding and application of the relevant methodologies and ability to
undertake a critical appraisal of each method. Case studies will be used to illustrate and
evaluate the application of MCA.

• Lectures
• Seminars and workshops
• Independent study
• Assignment
• Self-study

Assessment:

Coursework 50%
Examination 50%

Objectives:

This subject aims to:


• introduce basic valuation concepts of international real estate;
• develop knowledge and understanding of international approaches to standards of
appraisals;
• familiarize students with a broad spectrum of appraisal approaches and to integrate
them in comprehensive project appraisals.

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Keyword syllabus:

• Real estate valuation techniques

• International real estate valuation standard

• Economic appraisal: theory and methods

• Financial appraisal and development decisions

Indicative reading list and references:


Module workbook and CD-ROM materials

Construction Industry Computing Association (1995), Building IT 2005: A Multi-media


Presentation of Experts’ View on Information Technology in The Construction Industry to The
Year 2005.

Howard Rob (1998), Computing in Construction, published by Butterworth Heinemann, 1998,


ISBN: 07506 3606 8.

Li H., Shen Q.P., Scott D., Love P. (2000) Implementing IT to Obtain a Competitive Advantage
in the 21st Century, ISBN 962-367-272-1 The Hong Kong Polytechnic University, January, 895
pages.

Paulson Boyd C. (1995), Computer Applications in Construction, published by McGraw-Hill,


ISBN 0-07-1136-08-8.

Shen Q.P., Fong S.W. (1999), A Study of Information Technology Applications Among
Contractors in Hong Kong, The International Journal of Construction Information Technology,
Vol.7, No.1, pp. 1-19.

Journal of Construction Management and Economics

Journal of Construction Management and Engineering Division (ASCE)

International Journal of Project Management

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