281495560.

xls

Area /
m2

Unit
Cost

Total Cost

Unit Sale
Price

Total Sale
Price

Gross Development Value

10 * 5 bedroom houses
28 * 4 bedroom houses
50 * 3 bedroom houses
40 * 2 bedroom starters
Future Gross Dev Value
PV 1 @ 7% 3 years
Present GDV

550,000 5,500,000
375,000 10,500,000
300,000 15,000,000
250,000 10,000,000
41,000,000
0.816298
33,468,213

Construction Costs
10 * 5 bedroom houses
28 * 4 bedroom houses
50 * 3 bedroom houses
40 * 2 bedroom starters
Total Construction Costs
Fees, say 10% of Total
Construction Costs
Roads, Services etc say

150
125
100
75

1,010
1,010
1,010
650

1,515,000
3,535,000
5,050,000
1,950,000
12,050,000
1,205,000
750,000
14,005,000

Contingencies, say 10% of

Costs
Short-Term Finance 7% all
costs
Developer's Profit 25% GDV

1,205,000
980,350
8,367,053

All Costs etc

24,557,403

Residual Value

8,910,810

Maximum Price to be paid for land

Say 8.9 million

Queston 1

281495560.xls

Area / No of
m2 Floors
Gross Development Value
12 floors of offices
YP @ 3% perp
Capital Value on Completion
PV 1 @ 3% 2 years
Present Value of GDV

2,500

12

Unit
Cost

Unit FRV Net

Total Net
Income

300 9,000,000
33.333
300,000,000
0.94260
282,778,773
Total Costs

Costs
Construction Costs
Professional Fees
Contingencies
Land Price
Acquisition Costs say 5% Land
Price
Disposal Costs say 10% GDV
Developer's Profit @ 25% GDV
All Costs
Value of Development

3,800

12 2,800 127,680,000
12,768,000
12,768,000
8,300,000
415,000
28,277,877
70,694,693
260,903,570
21,875,202
21.75 million

Question 2

281495560.xls

Client's Scheme:

Area /
m2

Gross Development Value

Office accommodation
180,000
YP @ 3% perp
Capital Value on Completion
Retail accommodation
450
YP @ 5% perp
Capital Value on Completion
Residential Units @ 400,000 ea
5
Community Facilities - no value

Unit FRV
Net

Total Net
Income

Capital Values

128

23,040,000
33.333

55

24,750
20.000

768,000,000

495,000
2,000,000
770,495,000

Less: Costs & Fees on Disposal

say 5% of GDV
GDV on Completion
PV 1 @ 3% 3 years
Present Value of GDV
Construction Costs
Commercial Units
Retail Units
Luxury Flats (5)
Community Facilities incl Fit Out
Total Construction Costs
Contingencies 10% Construction
Cost of Land
Acquisition Costs, say 5%
Cost of Acquiring Land
Professional Fees 10%
Construction

38,524,750
731,970,250
0.85770
658,710,986
180,000
450
475
1,000

Unit Costs Total Costs

1,208 217,440,000
800
360,000
5,350
2,541,250
1,000
1,000,000
220,341,250
22,034,125
10,000,000
500,000
10,500,000
22,034,125
274,909,500

Cost of Short-Term Finance

5.25% of all costs 18 months
Total Costs
Developer's Profit

144,327,488
419,236,988
239,473,998

Developer's Profit as % of GDV

36%

Question 3a

281495560.xls
A

3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

Area
No of
in
Units
sqm

Unit FRV
Net

Total Net
Income

Capital Values

Gross Development
Value
Studio flats
One Bedroom Flats
Two Bedroom Flats
Three Bedroom Flats
Four Bedroom Flats
Five Bedroom Flats
Arts and conference
Centre
Education
Healthcare and
Amenities
Retail/A1, A2, A3, A4 and
A5 Rental
Offices Rental
Affordable Housing
YP @ 5% perp
Retail Value on
Completion
Community Facilities - no
value
Total Value on
Completion

653
1,555
651
468
108
24

450,000
750,000
900,000
1,050,000
1,175,000
1,250,000

293,850,000
1,166,250,000
585,900,000
491,400,000
126,900,000
30,000,000

95467

143,200,500

143,200,500

11155

19,521,250

19,521,250

14245

17,806,250

17,806,250

9025
78980
75306

550
450
100

4,963,750
35,541,000
7,530,600
20
191,116,750

3,065,944,750

Costs & Fees on

Disposal say 10% of
GDV
GDV on Completion
PV 1 @ 5% 3 years

306,594,475
2,759,350,275
0.8638376

Present Value of
GDV

2,383,630,515

23

Part-A

281495560.xls
A
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49

Construction Costs
Studio Bedroom Flats
One Bedroom Flats
Two Bedroom Flats
Three Bedroom Flats
Four Bedroom Flats
Five Bedroom Flats
Building services (30%)
offices
Retail Units
parking
Arts and conference
centre
Education
Hotel
Healthcare and
Amenities
Affordable Housing
Infrastructure and
landscaping

Unit Costs

Total Costs

32650
93300
45570
39780
10800
2640
67422
78980
9025
35000

1,500
1,500
2,000
2,000
2,500
3,000
1,750
2,075
800
600

48,975,000
139,950,000
91,140,000
79,560,000
27,000,000
7,920,000
117,988,500
163,883,500
7,220,000
21,000,000

95467

1,500

143,200,500

11155
12649

1,750
3,200

19,521,250
40,476,800

14245

1,250

17,806,250

75306

1,000

75,306,000

114036

750

85,527,000

Total Construction Costs

Contingencies 3%
Construction
Professional Fees 12.5%
Construction

1,086,474,800
32,594,244
135,809,350
1,254,878,394

Cost of Land
Acquisition Costs, 5%
Cost of Acquiring Land

109,233,000
5,461,650
114,694,650

Cost of Short-Term
Finance 8% of all costs
36 months

3.25

Total Costs
Residual value on
51
Scheme

1,627,325,927

50

756,304,588
Part-A

281495560.xls
A

52

Part-A

Market Housing Habitable area

Ground
Building no. coverage
1
2183
2
1163
3
1451
4
1183
5
1204
6
1500
7
1296
8
1732
9
1384
10
1734
11
1404
12
3772
13
2800
14
1805
Grand Total

24611

No. of
Total
floors for
Built up
residences area
7 15281
7
8141
7 10157
7
8281
7
8428
7 10500
7
9072
7 12124
9 12456
19 32946
19 26676
15 56580
22 61600
15 27075

Habitable
space for
units
(70% of
built up)
10696.7
5698.7
7109.9
5796.7
5899.6
7350
6350.4
8486.8
8719.2
23062.2
18673.2
39606
43120
18952.5

299317

209521.9

For
services
(30% of
built up)
4584.3
2442.3
3047.1
2484.3
2528.4
3150
2721.6
3637.2
3736.8
9883.8
8002.8
16974
18480
8122.5

Market Housing splits

Building Studio
no.
house 1-Bed 2-Bed 3-Bed 4-Bed 5-Bed Total
1
2
3
4
5
6
7
8
9
10
11
12
13
14

Grand
total

103
49

45
45
42

122
89
158

653

92
54
59
49
61
43
70
75
73
283
237
132
327

1555

51
41
36
57
62

124
280

651

106
264
98

24
108

468

108

24

195
103
110
90
106
124
112
132
135
405
326
544
871
206

3459