Asian Real Estate Case Studies

This subject has the following teaching availabilities in 2012:

120 hours

Admission into one of the following Melbourne School of Design courses:

MC-ARCH2Y Master of Architecture (200 points)
MC-ARCH3Y Master of Architecture (300pts)
MC-LARCH2YMaster of Landscape Architecture (200 points)
MC-LARCH3Y Master of Landscape Architecture (300 points)
MC-CONMG2Y Master of Construction Management (200 pts)
MC-CONMG3Y Master of Construction Management (300 pts)
MC-PROP2Y Master of Property (200 pts)
MC-PROP3Y Master of Property (300 pts)
MC-URPL Master of Urban Planning
234AA Master of Design (100 pts)
234AH Master of Design (Heritage) (100 points)
373AA Graduate Diploma in Planning and Design
065PC Bachelor of Property and Construction

Plus completion of one of the subjects below or permission from the subject coordinator.

For the purposes of considering requests for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this subject are articulated in the Subject Description, Subject Objectives, Generic Skills and Assessment Requirements of this entry.
The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Disability Liaison Unit website: http://www.services.unimelb.edu.au/disability/

This subject explores the nature and characteristics of the land conversion processes at work across selected markets of the Asian region. It is city focused and ex-Australian in content and adopts a case-driven, problem-based approach in a studio environment. It attempts to contextualise the selected Asian city markets and proposes a theoretical construct to international real estate. It will review property market activity and the institutional frameworks that govern real estate production in those markets studied.

• To comprehend the dynamic nature of the real estate industry across the Asian region and how an understanding of the strategic direction of an organization, the planning environment, the economic and market environment determine project outcomes and investment decisions.
• To explore the full range of problems faced by any development / investment organization bringing about development and investment solutions and providing real estate products in selected Asian Real Estate markets.
• To critically analyse development/investment decisions made by a variety of organizations either within national markets or from a cross-border perspective.
• To encourage students to explore and apply innovative approaches that might improve development and investment outcomes.
• To develop an overview of the range of skill sets required to bring about successful project outcomes and the importance of team building both within organizations and amongst student groups.

• Group work (50%), due early October (2500 word equivalent)
• Individual assignment (50%), due mid November (2500 word equivalent)

1. Brueggeman, W.B., and Fisher, J.D. (2010), Real Estate Finance and Investment, 14th edition, McGraw-Hill.
2. Seabrooke, W., Kent, P.S., How, H.H.H. (2004), International Real Estate: An Institutional Approach, Blackwell.
3. Schmitz, Adrienne, and Brett, Deborah L. (2001), Real Estate Market Analysis: A Case Study Approach, Washington, DC: Urban Land Institute.
4. Stubbs, M., Ratcliffe, J., Keeping, M. (2009), Urban Planning and Real Estate Development, 3rd edition, Routledge.
5. Tiwari, Piyush, and White, Michael (2010), International Real Estate Economics, Palgrave McMillan.

This subject is not available as a breadth subject.