PROPPRAC 778A : Capstone Project

Business and Economics

2023 Quarter Four (1238) (15 POINTS)

Course Prescription

An individual, research-informed practical project with a company or other appropriate organisation with written and oral reports of the findings.

Course Overview

Investment in real estate involves the allocation of scare resources to archive short or long-term financial and strategic goals. Successful property investment strategies encapsulate a multi-disciplinary approach whereby expertise in various disciplines of property are applied for a successful outcome. This two-part capstone course requires the application of principles from Property Management, Marketing, Finance, Valuation, Economics, Planning and Development courses to a hypothetical redevelopment opportunity. The first part, MPropPrac778A introduces students to the principles and methodologies of valuing a residential property ripe for redevelopment, adopting the basis of valuation from the International Valuation Standards. The ensuing MPropPrac778B requires a comprehensive feasibility analysis of the redevelopment opportunity to ascertain the profitability of the project to potential stakeholders in contrast to other investment classes.

Course Requirements

To complete this course students must enrol in PROPPRAC 778 A and B, or PROPPRAC 778

Capabilities Developed in this Course

Capability 1: Disciplinary Knowledge and Practice
Capability 2: Critical Thinking
Capability 3: Solution Seeking
Capability 4: Communication and Engagement
Capability 5: Independence and Integrity

Learning Outcomes

By the end of this course, students will be able to:
  1. Assess the redevelopment potential of a residential property by applying the definition of Highest and Best Use as a basis of value in accordance with the International Valuation Standards. (Capability 1, 2 and 3)
  2. Apply Resource Management and Planning principles to undertake a basic design to achieve the Highest and Best Use of a redevelopment site. (Capability 1, 2 and 3)
  3. Demonstrate the ability to undertake a valuation of a residential property on an ‘As Is’ and ‘As Proposed’ basis based on the design concepts to achieve its Highest and Best Use. (Capability 1, 2, 3, 4.2, 5.1 and 5.2)
  4. Demonstrate and apply the core skills in property valuation and property development, including communication, collaboration, presentation and report writing. (Capability 1, 4.1, 4.2 and 5.1)

Assessments

Assessment Type Percentage Classification
Assignments 20% Individual Coursework
Assignments 15% Individual Coursework
Assignments 50% Individual Coursework
Presentation 15% Individual Coursework
Assessment Type Learning Outcome Addressed
1 2 3 4
Assignments
Assignments
Assignments
Presentation

Workload Expectations

This course is a standard 15-point course and students are expected to spend 10 hours per week involved in each 15-point course that they are enrolled in.

For this course, each week you can expect 1 hour of recorded lecture session, 4 hours of engaging with course content, and 4 hours of work on assessments. On certain weeks, you may opt for 1 hour of live online interaction with the Course Co-ordinator. 

Delivery Mode

Online

Attendance is expected and highly encouraged at scheduled online activities to gain a complete understanding of the components of the course.

The course will include recorded lecture sessions and live online events including scheduled discussion sessions.

Study material will be made available online at the commencement of each module.

This course runs to the University quarter timetable and all the associated completion dates and deadlines will apply.

Learning Resources

Course materials are made available in a learning and collaboration tool called Canvas which also includes reading lists and lecture recordings (where available).

Please remember that the recording of any class on a personal device requires the permission of the instructor.

Student Feedback

At the end of every semester students will be invited to give feedback on the course and teaching through a tool called SET or Qualtrics. The lecturers and course co-ordinators will consider all feedback and respond with summaries and actions.

Your feedback helps teachers to improve the course and its delivery for future students.

Class Representatives in each class can take feedback to the department and faculty staff-student consultative committees.

This year marks the first offering of this course and student feedback is pending. Upon receipt, improvements will be implemented.

Academic Integrity

The University of Auckland will not tolerate cheating, or assisting others to cheat, and views cheating in coursework as a serious academic offence. The work that a student submits for grading must be the student's own work, reflecting their learning. Where work from other sources is used, it must be properly acknowledged and referenced. This requirement also applies to sources on the internet. A student's assessed work may be reviewed against online source material using computerised detection mechanisms.

Class Representatives

Class representatives are students tasked with representing student issues to departments, faculties, and the wider university. If you have a complaint about this course, please contact your class rep who will know how to raise it in the right channels. See your departmental noticeboard for contact details for your class reps.

Inclusive Learning

All students are asked to discuss any impairment related requirements privately, face to face and/or in written form with the course coordinator, lecturer or tutor.

Student Disability Services also provides support for students with a wide range of impairments, both visible and invisible, to succeed and excel at the University. For more information and contact details, please visit the Student Disability Services’ website http://disability.auckland.ac.nz

Special Circumstances

If your ability to complete assessed coursework is affected by illness or other personal circumstances outside of your control, contact a member of teaching staff as soon as possible before the assessment is due.

If your personal circumstances significantly affect your performance, or preparation, for an exam or eligible written test, refer to the University’s aegrotat or compassionate consideration page https://www.auckland.ac.nz/en/students/academic-information/exams-and-final-results/during-exams/aegrotat-and-compassionate-consideration.html.

This should be done as soon as possible and no later than seven days after the affected test or exam date.

Learning Continuity

In the event of an unexpected disruption, we undertake to maintain the continuity and standard of teaching and learning in all your courses throughout the year. If there are unexpected disruptions the University has contingency plans to ensure that access to your course continues and course assessment continues to meet the principles of the University’s assessment policy. Some adjustments may need to be made in emergencies. You will be kept fully informed by your course co-ordinator/director, and if disruption occurs you should refer to the university website for information about how to proceed.

Student Charter and Responsibilities

The Student Charter assumes and acknowledges that students are active participants in the learning process and that they have responsibilities to the institution and the international community of scholars. The University expects that students will act at all times in a way that demonstrates respect for the rights of other students and staff so that the learning environment is both safe and productive. For further information visit Student Charter https://www.auckland.ac.nz/en/students/forms-policies-and-guidelines/student-policies-and-guidelines/student-charter.html.

Disclaimer

Elements of this outline may be subject to change. The latest information about the course will be available for enrolled students in Canvas.

In this course students may be asked to submit coursework assessments digitally. The University reserves the right to conduct scheduled tests and examinations for this course online or through the use of computers or other electronic devices. Where tests or examinations are conducted online remote invigilation arrangements may be used. In exceptional circumstances changes to elements of this course may be necessary at short notice. Students enrolled in this course will be informed of any such changes and the reasons for them, as soon as possible, through Canvas.

Published on 17/08/2023 05:24 p.m.