This module is an academic initiative to provide an understanding on topics regarding real estate development as a part of real estate investment. The real estate development process has various components to provide a proposed real estate development platform for various purposes. For those purposes, this module also provides knowledge by taking into account the components of the real estate development process. It covers the real estate development process in practice, which involves many parties such as land owners or investors, the relevant authorities, professional consultants, and financiers; the preparation of a market and feasibility studies report as a medium to assist the interested parties in the decision-making process; and financial analysis exercises where the site valuation, project value, and project appraisal provided by a consultant provide a result in quantitative form to assist the parties in determining the viability and profitability for a proposed development site. Hopefully, this module could provide a comprehensive explanation on the planning and decision-making process to implement the proposed real estate development project.
Mohd Hasrol Haffiz Aliasak is an Associate Professor at the Department of Estate Management, Universiti Teknologi MARA (UiTM), Perak Branch. He has worked with UiTM since 2001. He holds a Diploma and Bachelor of Estate Management (Hons) from UiTM, an MSc (Housing) from Universiti Sains Malaysia, and a Doctor of Philosophy degree from Universiti Kebangsaan Malaysia. He is also a registered valuer, an estate agent, and a property manager with the Board of Valuers, Appraisers, Estate Agents, and Property Managers, Malaysia. Before becoming an academic, he worked at several real estate consulting firms in Kuala Lumpur, Klang, and Ipoh. He has also published several academic publications in the areas of valuation, development, and land administration.
Mohd Farid Sa'ad is an Associate Professor at the Department of Estate Management, Universiti Teknologi MARA, Perak Branch, since 2006. He holds a Bachelor of Property Management and a Master of Land Administration and Development from Universiti Teknologi, Malaysia. He worked for several private firms before joining the university. He is also a registered property manager with the Board of Appraisers, Appraisers, Real Estate Agents, and Property Managers of Malaysia.
Ashrof Zainuddin is a senior lecturer in the Department of Estate Management, Universiti Teknologi MARA, Perak Branch, since 2001. He holds a Bachelor of Science in Building Design and Planning, an MSc. (Project Management), and a Doctor of Philosophy in Facilities Management from Universiti Sains Malaysia. As an academic, he has extensive experience in the Malaysian real estate industry and has worked in several corporate organisations such as construction firms, real estate developers, and property management. He has also authored several publications in real estate, especially in corporate real estate management and facilities management.
Najma Azmanis is a lecturer at the Department of Estate Management, Universiti Teknologi MARA (UiTM), Perak Branch. She holds a Diploma and Bachelor of Estate Management (Hons) and a Master of Property Investment from UiTM. She was a valuation executive at a firm in Klang Valley for two years before joining academia for seven years.
Muhamad Hilmi Mohamad @ Masri received his Bachelor in Estate Management (Hons) from Universiti Teknologi MARA in 2013 and obtained his Master of Science in Urban Development and Management from the same university in 2014. His Ph.D. thesis involves the measurement of housing qualities and focuses on the effects on house prices, especially in Klang Valley, with the sampling area of Klang District. Before completing his Ph.D. thesis, he worked in various valuation firms in the Klang Valley and began teaching at a private university in Subang Jaya. Currently, he is serving as a senior lecturer at the Department of Estate Management, Faculty of Architecture Planning and Surveying, UiTM Seri Iskandar, Perak, Malaysia. His research interests include property valuation, housing quality characteristics, urban and township development, as well as geospatial measurements.