This document presents a detailed flowchart on the process of property development in Malaysia, from land purchase application to construction to delivery of the property to purchasers.
As the markets for real estate usually remain stable in many areas of in the world, opportunities continue to exist for the development of real estate projects. This lecture is designed to analyze the real estate development process primarily from the perspective of the developer. The lecture concentrates on the development of a real estate project from its conceptual ideas until the operational start-up, and from the initiation of the concept designs until the project is defined.
The lecture examines most of the phases of the development process, from idea inception through studying the various available options for the use of the lands and estimating the projects' costs and income to determine the best and optimum commercial use of the lands. This includes an overview about the development of the project's financial feasibility of real estate development, which involves the identification and evaluation of critical assumptions related to the creation, construction, and operation of economically viable commercial real estate projects.
The lecture is introductory in scope and assumes attendants have little or no experience with the development process.
An understanding of the real estate development process benefits not only potential developers, but investors, lenders, builders, public sector participants, and end-users of the products as well.
•What is Contract?
•What is Construction Contract?
•Purpose of Construction Contract
•Contract for Bid and Procurement
•Contract for Pricing Arrangement
•Construction Contract Component
•Contract Document List
•Standard Form of Contract in Malaysia
Planning Laws - Its Implications for Urban Development JIT KUMAR GUPTA
Paper tries to analyse the role and importance of legal framework in the context of urban development and the need to make urban laws more rational, simple and supportive of the urban development.
This document presents a detailed flowchart on the process of property development in Malaysia, from land purchase application to construction to delivery of the property to purchasers.
As the markets for real estate usually remain stable in many areas of in the world, opportunities continue to exist for the development of real estate projects. This lecture is designed to analyze the real estate development process primarily from the perspective of the developer. The lecture concentrates on the development of a real estate project from its conceptual ideas until the operational start-up, and from the initiation of the concept designs until the project is defined.
The lecture examines most of the phases of the development process, from idea inception through studying the various available options for the use of the lands and estimating the projects' costs and income to determine the best and optimum commercial use of the lands. This includes an overview about the development of the project's financial feasibility of real estate development, which involves the identification and evaluation of critical assumptions related to the creation, construction, and operation of economically viable commercial real estate projects.
The lecture is introductory in scope and assumes attendants have little or no experience with the development process.
An understanding of the real estate development process benefits not only potential developers, but investors, lenders, builders, public sector participants, and end-users of the products as well.
•What is Contract?
•What is Construction Contract?
•Purpose of Construction Contract
•Contract for Bid and Procurement
•Contract for Pricing Arrangement
•Construction Contract Component
•Contract Document List
•Standard Form of Contract in Malaysia
Planning Laws - Its Implications for Urban Development JIT KUMAR GUPTA
Paper tries to analyse the role and importance of legal framework in the context of urban development and the need to make urban laws more rational, simple and supportive of the urban development.
Real Estate Acquisition Case PresentationDaniel Mandel
In one week, my group (Nurulauni Saniman, Maike Zhang, Yuhua Zhou) and I analyzed an acquisition case and created a 15-minute investor presentation with a complicated Excel distribution waterfall. Presentation highlighted an analysis of linkages, market, sources and uses, financial returns, sensitivity analysis, and risk mitigation.
HOW CONSERVATION WORKS TAKE PLACE IN MALAYSIAFakhrul Afifi
Conservation works is the most complex method in restoring the element and facade of the old building. Without conservation, the heritage building cannot long last until the expected age.
The presentation is considered as a case study for construction project management . This case study is conducted on the Mall of Arabia in Egypt. It's illustrated general background for the management strategy in the constructed project through its initial, planning, implementing and finishing out the project procedure.
This Presentation shows a comparative study of 5 construction projects in India & abroad enabling us to understand the process of conducting Pre-Project feasibility analysis.
Area Appreciation Studio - 2021 - SPAD M.PlanLakshman R
SEE THIS PPT IN SLIDESHOW MODE
About project
This project was an individual studio project named Area Appreciaton.
The main objective was to learn how to look and evaluate an area from a planners perspective.
So we were asked to select an area of about 1 Sqkm near our place of stay and appreciate several aspects related to spatial planning, quality of life etc.
I have selected Shakarpur and a part of Laxmi Nagar. Had a very hectic time but it was all fun and worth it!
Land development refers to altering the landscape in any number of ways like changing landforms from a natural or semi-natural state for a purpose such as housing or subdividingreal estate into lots, typically for the purpose of building homes.
Real Estate Acquisition Case PresentationDaniel Mandel
In one week, my group (Nurulauni Saniman, Maike Zhang, Yuhua Zhou) and I analyzed an acquisition case and created a 15-minute investor presentation with a complicated Excel distribution waterfall. Presentation highlighted an analysis of linkages, market, sources and uses, financial returns, sensitivity analysis, and risk mitigation.
HOW CONSERVATION WORKS TAKE PLACE IN MALAYSIAFakhrul Afifi
Conservation works is the most complex method in restoring the element and facade of the old building. Without conservation, the heritage building cannot long last until the expected age.
The presentation is considered as a case study for construction project management . This case study is conducted on the Mall of Arabia in Egypt. It's illustrated general background for the management strategy in the constructed project through its initial, planning, implementing and finishing out the project procedure.
This Presentation shows a comparative study of 5 construction projects in India & abroad enabling us to understand the process of conducting Pre-Project feasibility analysis.
Area Appreciation Studio - 2021 - SPAD M.PlanLakshman R
SEE THIS PPT IN SLIDESHOW MODE
About project
This project was an individual studio project named Area Appreciaton.
The main objective was to learn how to look and evaluate an area from a planners perspective.
So we were asked to select an area of about 1 Sqkm near our place of stay and appreciate several aspects related to spatial planning, quality of life etc.
I have selected Shakarpur and a part of Laxmi Nagar. Had a very hectic time but it was all fun and worth it!
Land development refers to altering the landscape in any number of ways like changing landforms from a natural or semi-natural state for a purpose such as housing or subdividingreal estate into lots, typically for the purpose of building homes.
This report examines the issue of housing affordability in Malaysia, viewing it within the context of housing as an economic sector rather than simply as a social welfare concern.
Housing interventions have focused primarily on demand, and in doing so subsidises a non-responsive supply sector. We examine housing affordability with the view of ensuring that supply is able to meet effective demand, thus improving the affordability of housing in general.
This document provides an overview on real estate development and financial feasibility.
Topics Covered:
Development - Process, Ecosystem, Model, Flowchart, Risk vs Value, Development Risk, Development Cycle, Key Categories of Tasks
Economic Feasibility - Financial, Development Budget, Static Analysis, Loan-to-Cost, Debt Cover & Default Ratio Approaches, Detailed Proforma & Analysis
Real Estate Development Case PresentationDaniel Mandel
In one week, my group (Nurulauni Saniman, Maike Zhang, Yuhua Zhou) and I analyzed a development case with an existing office building and adjacent vacant land for development. Group created a 20-minute investor presentation analyzing the macro economy, purchase price of entire site and adjacent vacant land, and optimization of the capital structure to reduce the weighted average cost of capital for the project.
In this presentation exploring planning law, Laird Ryan talks us through the planning process, explores what we can and can't influence and helps us consider how best to create real, organic and local alliances that make the best use of our energy.
To find out more about the Neighbourhood Democracy Movement please visit: https://neighbourhooddemocracy.org
Source: Ministry of Housing and Urban Poverty Alleviation
Summary: Ministry of Housing & Urban Poverty Alleviation (HUPA), Government of India, has taken initiatives to streamline the process of seeking clearances for the real estate projects. A committee on Streamlining Approval Procedure for Real Estate Projects (SAPREP) was constituted under the Chairmanship of Mr. Dhanendra Kumar by this Ministry, which submitted its report with various recommendations for streamlining plan approval process of real estate projects.
Note: Please visit www.compad.in for more information
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
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It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
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Antifertility, Toxicity studies as per OECD guidelines
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
2. Table of Contents Introduction 5 The Lot and Block Survey System 7 - 14 Development of Regional Impact 15 - 27 Site Plan Preparation 28 - 39 Samples of Master Plan communities/ 40 - 49 Individual Parcels Infrastructure Process 50 - 60
3. Table of Contents con’t Sample of Municipality Permit 61 - 63 Package Requirements Sample of Municipality Permit 64 - 66 Process and Schedule Phasing the Community 67 - 71 Conclusion 72
4.
5. If you think you are ready, be prepared for a long, tedious and sometimes arduous venture!
8. Lot and Block Survey System The system begins with a large tract of land. This large tract is typically defined by one of the earlier survey systems such as metes and boundsor the Public Land Survey System. A subdivision survey is conducted to divide the original tract into smaller lots and a plat map is created. Usually this subdivision survey employs a metes and bounds system to delineate individual lots within the main tract. Each lot on the plat map is assigned an identifier, usually a number or letter. The plat map is then officially recorded with a government entity such as a city engineer or a recorder of deeds. This plan becomes the legal description of all the lots in the subdivision. A mere reference to the individual lot and the map's place of record is all that is required for a proper legal description.
9. In real estate, a lot is a tract or parcel of land owned or meant to be owned by some owner(s). A lot is essentially considered a parcel of real property in some countries or immovable property (meaning practically the same thing) in other countries. Possible owner(s) of a lot can be one or more person(s) or another legal entity, such as a company/corporation, organization, government, or trust. A common form of ownership of a lot is called fee simple in some countries. Lots can come in various sizes and shapes. To be considered a single lot, the land described as the "lot" must be contiguous. Two separate parcels are considered two lots not one. Often a lot is sized for a single house or other building. Many lots are rectangular in shape, although other shapes are possible as long as the boundaries are well-defined.
10. Methods of determining or documenting the boundaries of lots include metes and bounds, quadrant method, and use of a plat diagram. Use of the metes and bounds method may be compared to drawing a polygon. Metes are points which are like the vertices (corners) of a polygon. Bounds are line segments between two adjacent metes. Bounds are usually straight lines, but can be curved as long as they are clearly defined. The part of the boundary of the lot next to a street or road is the frontage. Developers try to provide at least one side of frontage for every lot, so owners can have transportation access to their lots. As the name implies, street frontage determines which side of the lot is the front, with the opposite side being the back.
11. Local governments often pass zoning laws which control what buildings can be built on a lot and what they can be used for. For example, certain areas are zoned for residential buildings such as houses. Other areas can be commercially, agriculturally, or industrially zoned. Sometimes zoning laws establish other restrictions such as a minimum lot area and/or frontage length for building a house or other building, maximum building size, or minimum setbacks from a lot boundary for building a structure. This is in addition to building codes which must be met. Also minimum lot sizes and separations must be met when wells and septic systems are used. In urban areas, sewers and water lines often provide service to households. There may also be restrictions based on covenants established by private parties such as the developer. There may be easements for utilities to run water, sewage, electric power, or telephone lines through a lot.
12. Something which is meant to improve the value or usefulness of a lot can be called an appurtenance to the lot. Structures such as buildings, driveways, sidewalks, patios or other pavement, wells, septic systems, signs, and similar improvements which are considered permanently attached to the land in the lot are considered as real property, usually part of the lot but often parts of a building, such as condominiums, are owned separately. Such structures owned by the lot owner(s), as well as easements which help the lot owners or users, can be considered appurtenances to the lot. A lot without such structures can be called a vacant lot, spare ground, an empty lot, or an unimproved or undeveloped lot.
13. Many times, developers divide a large tract of land into lots to make a subdivision out of it. Certain areas of the land are dedicated (given to local government for permanent upkeep) as streets and sometimes alleys for transportation and access to lots. Areas between the streets are divided up into lots to be sold to future owners. The layout of the lots is mapped on a plat diagram, which is recorded with the government, typically the countyrecorder's office. The blocks between streets and the individual lots in each block are given an identifier, usually a number or letter.
14. Land originally granted by the government was commonly done by documents called patents. Lots of land can be sold/ bought by the owners or conveyed in other ways. Such conveyances are made by documents called deeds which should be recorded by the government, typically the county recorder's office. Deeds specify the lot by including a description such as one determined by the "metes and bounds" or quadrant methods, or referring to a lot number and block number in a recorded plat diagram. Deeds often mention that appurtenances to the lot are included in order to convey any structures and other improvements also.
17. DRI- "…..means any development which, because of its character, magnitude, or location, would have a substantial effect upon the health, safety, or welfare of citizens of more than one county."
54. Lead Role for Coordinating the Review Process with local, regional, state and federal agencies (Pre- Application Conference, Sufficiency Review and Regional Assessment Report)
70. Land Acquisition/ Entitlement Planned Urban Development, or PUD, is a zoning class that allows for residential and commercial buildings. The PUD classification allows builders to develop residential, retail, and professional buildings into one community, as well as recreation areas such as parks, so that residents can live, work, and play locally. A parcel of land is selected, land use is designated and requested by the potential buyer and approved by the governing municipality. Infrastructure Engineering, Surveying and Geotechnical firms are selected by the potential developer. Land use's typically are residential, mixed use, commercial, as well as recreation areas such as parks.
71. Preparing a Site Plan What is a Site Plan?A Site Plan is a drawing depicting the site of a proposed or existing project. Some of the key elements of a Site Plan are property boundaries, land topography, vegetation, proposed and/or existing structures, easements, wells, and roadways. Why is a Site Plan Needed?A site plan is required for most appointments, permit applications, pre-application meetings, and submittals. It provides a visual image of your proposal and is used to assist in determining if your project conforms to land use policies and regulations. A Site Plan submitted as part of a permit application needs to show all of the following items.
94. Square footage for Proposed Development – gross square footage, non-storage area, square footage of each story, gross square footage of sales area, etc.
131. Infrastructure Process Infrastructure is the basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function. The term typically refers to the technical structures that support a society, such as roads, water supply, sewers, power grids, telecommunications, and so forth. In some contexts, the term may also include basic social services such as schools, hospitals, Transportation , Energy , Water management, Communications , Waste management and Geophysical.
132. Most infrastructure is designed by civil engineers, except for telecommunications, electricity and monitoring networks, that are designed mainly by electrical engineers. In the case of urban infrastructure, the general layout of roads, sidewalks and public places may sometimes be designed by urbanists or architects, although the detailed design will still be performed by civil engineers. In terms of engineering tasks, the design and construction management process usually follows these steps:
133.
134. Conduct a preliminary survey and obtain information from existing air photos, maps, plans, etc.
136. Perform environmental impact studies: Evaluate the impact on the human environment (Noise pollution, odors, electromagnetic interference, etc..); Evaluate the impact on the natural environment (disturbance of natural ecosystems); Evaluate possible presence of contaminated soils;
162. TO SUBMIT FOR A RESIDENTIAL PERMIT YOU MUST HAVE: PARCEL ID NUMBER / ADDRESS / OR LEGAL PRINTOUT (PROPERTY APPRAISAL SITE) & UNIT OR SUITE NUMBER IF APPLICABLE (IF APARTMENT/CONDO NUMBER OF DWELLING UNITS PER BUILDING) 2 SETS OF SITE PLANS 2 SETS OF ARCHITECT OR ENGINEER SEALED PLANS 2 SETS OF ENERGY CALCULATIONS (3RD COPY OF THE TOP 2 PAGES) 2 SETS OF RAISED SEALED TRUSS PROFILES PRODUCT APPROVAL FORM (2 COPIES) GAS SPREAD SHEET FORM (IF APPLICABLE ) 1 APPLICATION FILLED OUT COMPLETELY
163.
164. 1 NOTICE OF COMMENCEMENT (IF WORK OVER $2500 - NOT REQUIRED FOR TENTS)
165. 1 POWER OF ATTORNEY (IF CONTRACTOR HAS NOT SIGNED ALL REQUIRED PAPERWORK OR IS NOT APPEARING IN PERSON)
169. IF NOT COUNTY WATER & SEWER, NEED UTILITY LETTER FROM PROVIDER OR WELL / SEPTIC PERMIT/LETTER (OR LIFT STATION)
170.
171. Application Submittal(1 day)The application and other required documentation is submitted to the Building Department Addressing (1-2 days - if not in a platted sub)The application is passed to addressing which will assign or verify an address for the 911 system. Zoning Division (1-2 days)Zoning will review and verify the site and building plans for setback and any other land development requirements. Impact fees will also be set
172. Flood Prone Areas(1-2 days - if required)Flood Prone will review the application and inform or notify the applicant of any necessary requirements Wetlands Areas(2-3 days - if required)Wetlands will review the application and inform or notify the applicant of any necessary requirements Plan Review (3-5 working days)The plans will be reviewed. A list of inspections that will be required is relayed to the customer Update and IssueA permit tech will contact the customer with what fees they will need to pay and any items required prior to the permit being issued. The customer will come to the County Services Building to pay and will receive the permit.
174. As you can see, there is a lot of coordination and cooperation required between the Developer and the Governing Municipality, the relationship established in the beginning of the process will become essential if a project is going to be successful, cost effective and a harmonious place for future occupants. At this stage of the process, the Master Plan Community has been approved and Land development permits have been issued by the governing municipality. The land development and infrastructure process will be segmented or phased to mirror the vertical construction process. As mentioned at the beginning of the presentation, the subdivision will have a total number of 400 units. The project will be phased into four groups of 100 units each, if the phasing is coordinated correctly with the infrastructure process, each phase can act as a independent project within the overall community.
175. To illustrate the process, the land development and infrastructure process will start in Phase 1 and continue to Phase 2, once Phase 1 has passed all governing authority's applicable inspections (roads, storm water system, sewer system, compliant water testing of the water supply system and all required hardscapes are completed), then vertical construction of Phase 1 can begin. Each building lot must have the following: (water supply stub out, sewer stub out, electrical service provisions and communications), this is to prevent any major delays in completion of the project by missed critical components of the infrastructure process. As Phase 2 is completed, Phase 3 can begin the land development and infrastructure process, Phase 2 is now ready for vertical construction, and once Phase 3 is completed, Phase 4 can begin the land development and infrastructure process, and again Phase 3 is ready for vertical construction and finally Phase 4 is completed and is for vertical construction.
178. Conclusion The overall process started with a large proposed subdivision and finished with the sample of permit requirements, and the permit process schedule for an individual lot. The next presentation will be Part 3, and will focus on the vertical construction process of a single unit within the subdivision. Some of the topics covered in the vertical construction process will be: Types and methods of single family detached housing construction, Cost Calculations, Site office setup, Model Selection and Trap System, Marketing/ Branding Product and Grand opening of the Community, Sales Contract Procedure, Options Selection Center, Purchasing and Estimating Function, QA/ QC inline inspection program, OSHA/ MSDS/ SWPPP Procedure's, Customer Care/ Warranty Standards, Start Rates (Even Flow Construction Process) and Obtaining The Certificate of Occupancy.
179. Thank You,I hope you have found this presentation informative and educational!