| Minor Programme in Real Estate is a coherent course of study providing significant depth in real estate studies outside that of the major and outside the students' departments. Hence, this programme is open to students of other departments, who have an interest in the built environment and management of real estate assets, to read a minor degree in real estate at the Department.
Curriculum
The Modular Credits (MCs) requirement
for the Minor Programme in Real Estate is 24 MCs.
To satisfy this requirement, students must
read outside their major, the following
modules offered by the Department of
Real Estate. All modules are worth 4
MCs.
(a) 4 ‘Essential’ modules from the following list, subject to the pre-requisite (if any) for each module.
(b) 2 ‘Breadth’ modules from the following list subject to the pre-requisites (if any) for each module.
▲Modules will be offered in
AY2009/2010
(a) At least 2 ‘Breadth’ Electives from the elective modules offered by the Department of Real Estate excluding RE4909 and RE4910. Students must read ‘RE1803 Urban Land Use and Development’ (which will be made available to students taking Minor in Real Estate as an Elective) to satisfy partially the MC requirement for Minor Programme in Real Estate.
(b) Where overlapping modules exist, the Minor Programme will consider double counting of MCs up to a maximum of 4 MCs towards the MCs-requirement in the Minor in Real Estate.
(c) Where overlapping modules exist,
the Minor Programme will consider
double counting of MCs up to a
maximum of 4 MCs towards the
MCs-requirement in the Minor in Real
Estate.
Note: Withdrawal from the Minor programme should be made
known to the Department in writing.
It is the responsibility of students pursuing minor programmes to ensure that they take the relevant modules to fulfill the respective requirements.
Syllabus Description of ‘Essential Modules’
RE1805
Real Estate Management
Modular Credits: 4
Workload: 2-1-0-3-4
Pre-requisite: Nil
Preclusion: RE2480 Urban and Real Estate
Management I
Cross-listing: Nil
This module introduces students to the
basic concepts and fundamental
principles of property and facility
management. The various tenure
arrangements and relevant legislations
on the ownership and management of
different types of property developments
will be discussed. Students will acquire
knowledge and skills in formulating
management plan through real life cases.
Remarks: Targeted students – Real Estate
students and students taking Minor in
Real Estate and Minor in Urban Studies
RE2801 Urban Planning
Modular Credits: 4
Workload: 2-1-0-3-4
Pre-requisite: RE1803 Urban Land Use and
Development
Preclusion: RE3481 Urban Planning I
RE3482 Urban Planning II
Cross-listing: Nil
This module aims to provide students
with a firm grounding on the planning
issues and problems they will encounter
in the course of their real estate
studies. The module begins with an
overview of the development of planning
thought and fundamental concepts. It
proceeds to a structured study of the
nature, purpose and formulation of urban
plans, and a critical examination of the
regulatory regime that supports plan
implementation. In addition, urban
conservation will be covered.
Remarks: Targeted students – Real Estate
students and students taking Minor in
Real Estate
RE2802 Real Estate Economics
Modular Credits: 4
Workload: 2-1-0-3-4
Prerequisite: EC1301 Principles of
Economics
Preclusion: RE2280 Real Estate Space
Market I
Cross-listing: Nil
This module focuses on the operations of
the land market in the context of an
urban economy. The topics include: the
market forces driving city formation and
urban growth; urban land market;
economic analysis of land-use policies;
urban land use and urban transportation.
Remarks: Targeted students – Real Estate
students and students taking Minor in
Real Estate
RE2803 Principles of Valuation
Modular Credits: 4
Workload: 2-1-0-3-4
Pre-requisite: EC1301 Principles of
Economics
Preclusion: RE2380 Real Estate Valuation
I
Cross-listing: Nil
This module provides students with the
rationale for the valuation function,
the fundamental principles and concept
of value, particularly open market
value, the characteristics of property
and the property market, and property as
investment. Various processes and
methods of valuation, including those
for different types of properties, will
be introduced. Main topics include
nature and scope of valuation, value
theory, the valuation function, role and
functions of the valuer, the valuation
process, professional standards and
report writing, methods of valuation,
valuation of different property types,
and leasehold valuation.
Remarks: Targeted students – Real Estate
students and students taking Minor in
Real Estate
RE2804 Real Estate Finance
Modular Credits: 4
Workload: 2-1-0-3-4
Prerequisites: RE1801 Foundations of
Real Estate Business;
RE1804 Fundamentals of Real Estate
Finance
Preclusion: RE2281 Real Estate Asset
Market I
Cross-listing: Nil
This module examines real estate finance
institutions and instruments. It also
helps students to develop essential
skills for analyzing real estate finance
problems. The topics include: real
estate finance institutions; mortgage
mechanics; different mortgage
instruments; residential financing
analysis and borrower choices;
residential underwriting and lending
policies; housing financing innovations;
and development project finance.
Remarks:Targeted students – Real Estate
students and students taking Minor in
Real Estate and Minor in Urban Studies
RE2805 Real Estate Marketing and
Negotiation
Modular Credits: 4
Workload: 2-1-0-3-4
Pre-requisite: Nil
Preclusion: RE3190 Real Estate Marketing
Cross-listing: Nil
This module introduces students to the
fundamentals of real estate marketing
and negotiation. The first half of the
module focuses on the concepts,
principles, and practices in marketing
and leasing of various types of real
estate developments. The second half of
the module emphasizes the nature of real
estate conflicts and disputes,
negotiation theory and principles,
negotiation skills, negotiation practice
and applications. Case studies in
Singapore and the Asia Pacific region
will be used extensively in the
discussions.
Remarks: Targeted students – Real Estate
students and students taking Minor in
Real Estate
RE3801 Real Estate Market Analysis
Modular Credits: 4
Workload: 2-1-0-3-4
Prerequisites: RE2802 Real Estate
Economics;
RE2804 Real Estate Finance
Preclusion: RE3280 Real Estate Space
Market II
Cross-listing: Nil
This module provides students with
conceptual frameworks for analyzing real
market conditions and trends. The module
will cover: the four-quadrant model of
real estate markets; real estate market
adjustment process; demand formation and
market characteristics by property
types, including residential, office,
retail, and industrial properties; and
real estate supply behavior. By
completing this module, students will be
able to identify new market
opportunities arising from
technological, demographic,
socio-economic and lifestyle changes.
Remarks: Targeted students – Real Estate
students and students taking Minor in
Real Estate
RE3802 Real Estate Investment
Modular Credits: 4
Workload: 2-1-0-3-4
Prerequisites: RE2804 Real Estate
Finance
Preclusion: RE3281 Real Estate Asset
Market II
Cross-listing: Nil
This module examines real estate as an
asset class and equips students with
essential skills for analyzing a real
estate investment problem. The topics
include: real estate investment
objectives; leasing structure and
property income analysis;
characteristics of real estate returns
and risks; financial leverage and
after-tax returns; diversification,
equity versus debt investment; analysis
of real estate asset and portfolio
performance, and real estate equity
investment strategies.
Remarks: Targeted students – Real Estate
students and students taking Minor in
Real Estate
RE3803 Real Estate Practice and Ethics
Modular Credits: 4
Workload: 2-1-0-3-4
Pre-requisite: RE2801 Urban Planning
RE3801 Real Estate Market Analysis
RE3802 Real Estate Investment
Preclusion: RE4180 Real Estate Practice
and Research
Cross-listing: Nil
The module deals with the practice of
real estate professionals and the
ethical dilemmas that those in the
profession may face. In addition to
exploring the common business forms and
development of the real estate practice,
the module examines the legal and
ethical duties of the real estate
professional. Main topics include:
strategic planning and marketing
professional services; professional
liability; ethical theory; ethical
issues in real estate business; expert
witness in court testimony.
Remarks: Targeted students – Real Estate
students and students taking Minor in
Real Estate
RE3805 Advanced Real Estate Valuation
Modular Credits: 4
Workload: 2-1-0-3-4
Pre-requisite: Nil
Preclusion: RE4390 Advanced Real Estate
Valuation
Cross-listing: RE4390 Advanced Real
Estate Valuation
This module covers the application of
valuation principles and methods to the
various purposes of valuation, including
valuation for sale, purchase, mortgage,
insurance, and statutory valuation. It
provides students an appreciation of
valuation methodology in Singapore and
Asia Pacific context. Student will also
be introduced to the legal aspects and
techniques for property taxation and
compulsory acquisition of real
properties. Main topics include methods
of valuation practiced in Singapore,
appropriateness and suitability of
valuation methods for different
purposes, valuation for stamp and estate
duty and GST, valuation for development
charge and different premium, and
valuation for rent controlled premises.
Remarks: Targeted students – Real Estate
students and students taking Minor in
Real Estate
RE4801 Public Policy and Real Estate
Markets
Modular Credits: 4
Workload: 2-1-0-3-4
Pre-requisite: RE2801 Urban Planning
RE2802 Real Estate Economics
RE3801 Real Estate Market Analysis
Preclusion: Nil
Cross-listing: Nil
This module introduces students to a
systematic framework for examining
public polices and their impact on real
estate markets. A key learning objective
is that students can devise appropriate
policy options for solving urban
problems and project the likely
consequences for real estate variables.
Topics may include real estate market
failure and the need for public
intervention; the problems posed by
public goods, externalities, and
imperfect competition; policies on
national development, land, housing,
transportation, and fiscal matters, and
the policy effects on real estate
markets.
Remarks: Targeted students – Real Estate
students and students taking Minor in
Real Estate
RE4802 Real Estate Development
Modular Credits: 4
Workload: 2-1-0-3-4
Pre-requisite: RE1803 Urban Land Use and
Development
Preclusion: RE3381 Real Estate
Development I
Cross-listing: Nil
his module examines the entire
development process for the different
types of property development and
redevelopment projects. Discussions will
cover a broad range of topics including
the property development cycle,
conception of the development project,
feasibility study, project financing,
project construction, real estate
marketing, project completion,
management of the completed development
and exit strategies. Students are
expected to conduct an integrated
project as part of the requirement of
this module.
Remarks: Targeted students – Real Estate
students and students taking Minor in
Real Estate and Minor in Urban Studies
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