12002 Global Property Trends
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Subject handbook information prior to 2025 is available in the Archives.
Credit points: 6 cp
Subject level:
Postgraduate
Result type: Grade and marksThere are course requisites for this subject. See access conditions.
Description
This subject offers students the opportunity to develop in-depth knowledge of the real estate and construction markets in three major Asian cities through in-depth, on-site case studies led by key property firms, focusing on current complex development projects. The importance of understanding real estate markets from global perspectives is manifested in the fact that real estates are no longer a local business but operate on a global basis. Development of smart cities, intelligence in project development, and globalised real estate investment funding sources are constantly challengeable for today's postgraduate education in real estate. The unique case study approach in this subject ensures students develop a well-rounded and comparative understanding of the property development, planning, and project management challenges and opportunities in the selected most vibrant global cities.
Students travel to several case study locations during a two-week period and complete assignments on their return.
Subject learning objectives (SLOs)
On successful completion of this subject, students should be able to:
| 1. | Understand the processes of property development, planning, or project management in an international context. |
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| 2. | Understand the diverse drivers of property development, project management, and / or planning decisions. |
| 3. | Critically assess the reasons for the relative success or failure of specific development projects, from the point of view of project management, planning and regulation, or development feasibility and market risk. |
Course intended learning outcomes (CILOs)
This subject also contributes to the following Course Intended Learning Outcomes:
- Critically reflect on the intersection of Native Title, Indigenous heritage, and Indigenous land rights and the profession and apply communication and consultation skills to work effectively for and with Indigenous Australians. (A.2)
- Interpret, assess, and communicate complex relevant knowledge across the property development process to multidisciplinary stakeholders for positive outcomes. (C.1)
- Apply research and analytical skills to property development practice to synthesize complex information and formulate property development solutions. (R.1)
Contribution to the development of graduate attributes
Teaching and learning strategies
This subject introduces students to the drivers and outcomes of global property trends, using industry case-based analysis in three Asian cities. This class is conducted abroad and involves visits to major property firms and site visits to significant current development projects in three cities over two weeks. Students choose at least three cities for the subject.
During the study abroad tour, students have the opportunity to meet and discuss various topics on real estate markets, development process, urban planning and project financial arrangements with leading real estate developers, analysts and consultants. While presentations from senior corporate executives will provide valuable insight into each project, discussions during and Q&A sessions thereafter will provide comprehensive feedback for student’s learning. Detailed information for project/case studies in the study tour will be uploaded online for student’s access. Students will learn real estate business through active and collaborative learning with peers, corporate executives and teaching staff during the study tour. The learning and experience are unique and won’t be obtainable in a classroom setting.
Students will provide two assessment reports and make a verbal or video presentation to the subject coordinator. Marks and feedback on the first two assignment reports will be provided by the teaching staff in writing. The third assignment will be marked by the subject coordinator. Both verbal and written feedback on the student’s final presentation work will be provided upon completing the final assignment.
Assessment
Assessment task 1: Critical Case Study 1
| Intent: | This task asks you to reflect critically on one of the projects you have visited on the study tour. To do this, you need to adopt one of the following critical perspectives: 1. The perspective of an investor evaluating the acquisition of the project 2. A historical perspective evaluating how the development process and project financial return could have been improved at the time the project was developed 3. The perspective of a city planner evaluating how the project concept could have been revised to improve its contribution to urban policy goals (e.g. connectivity, sustainability) 4. The perspective of a project manager evaluating how the management of the project development could have been improved to minimize risk and streamline the process. This critical perspective will inform how you design your case study analysis. For instance, if you take perspective 1 or 2, you would probably need to include a feasibility analysis in your report. If you take perspective 3 you would need to have a detailed understanding of urban policy documents and be able to use evidence to evaluate the project's shortfalls against these policy goals. For perspective 4, you would need to have access to information about the project management process and the distribution of risks. | ||||||||||||||||||||
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| Objective(s): | This task addresses the following subject learning objectives: 1, 2 and 3 This task also addresses the following course intended learning outcomes that are linked with a code to indicate one of the five CAPRI graduate attribute categories (e.g. C.1, A.3, P.4, etc.): .3, .6, C.1 and R.1 | ||||||||||||||||||||
| Type: | Report | ||||||||||||||||||||
| Groupwork: | Individual | ||||||||||||||||||||
| Weight: | 40% | ||||||||||||||||||||
| Length: | 3,000 to 5,000 words | ||||||||||||||||||||
| Criteria linkages: |
SLOs: subject learning objectives CILOs: course intended learning outcomes |
Assessment task 2: Critical Case Study 2
| Intent: | In this task, you are asked to critically assess a case study project from a different city than you focused on in assessment task 1. In order to do this, you need to adopt one of the following critical perspectives: 1. The perspective of an investor evaluating the acquisition of the project. 2. A historical perspective evaluating how the development process and project financial return could have been improved at the time the project was developed 3. The perspective of a city planner evaluating how the project concept could have been revised to improve its contribution to urban policy goals (e.g. connectivity, sustainability) 4. The perspective of a project manager evaluating how the management of the project development could have been improved to minimize risk and streamline the process. This critical perspective will inform how you design your case study analysis. For instance, if you take perspective 1 or 2, you would probably need to include a feasibility analysis in your report. If you take perspective 3 you would need to have a detailed understanding of urban policy documents and be able to use evidence to evaluate the project's shortfalls against these policy goals. For perspective 4, you would need to have access to information about the project management process and the distribution of risks. | ||||||||||||||||||||
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| Objective(s): | This task addresses the following subject learning objectives: 1, 2 and 3 This task also addresses the following course intended learning outcomes that are linked with a code to indicate one of the five CAPRI graduate attribute categories (e.g. C.1, A.3, P.4, etc.): .3, .6, C.1 and R.1 | ||||||||||||||||||||
| Type: | Report | ||||||||||||||||||||
| Groupwork: | Individual | ||||||||||||||||||||
| Weight: | 40% | ||||||||||||||||||||
| Length: | 3,000 to 5,000 words | ||||||||||||||||||||
| Criteria linkages: |
SLOs: subject learning objectives CILOs: course intended learning outcomes |
Assessment task 3: Reflective Essay or Video
| Intent: | In this task you are asked to reflect on what you learnt about global property trends during the study tour. You should incorporate a broader perspective on major economic, social and political trends that affect the property markets you visited, an evaluation of how the challenges these trends highlight are being addressed (or not), and a discussion of how current trends are likely to evolve in the future. How do these insights inform your future professional role? | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Objective(s): | This task addresses the following subject learning objectives: 1, 2 and 3 This task also addresses the following course intended learning outcomes that are linked with a code to indicate one of the five CAPRI graduate attribute categories (e.g. C.1, A.3, P.4, etc.): .6, A.2, C.1 and R.1 | ||||||||||||||||||||
| Type: | Presentation | ||||||||||||||||||||
| Groupwork: | Individual | ||||||||||||||||||||
| Weight: | 20% | ||||||||||||||||||||
| Length: | up to 2,000 word essay with a 5 minute powerpoint presentation, or a six minute video accompanired by an executive summary of up to 500 words. | ||||||||||||||||||||
| Criteria linkages: |
SLOs: subject learning objectives CILOs: course intended learning outcomes |
Minimum requirements
The DAB attendance policy requires students to attend no less than 80% of formal teaching sessions (lectures and tutorials) for each class they are enrolled in to remain eligible for assessment.
Recommended texts
It is recommended that those who are new to the Property development field read Parts 4 and 5 of the following text (a required text for 15142, The Property Development process):
John Ratcliffe, Michael Stubbbs, and Miles Keeping. 2009. Urban Planning and Real Estate Development (3rd edition). LOndon: Routledge.
For real estate investment, it is recommended to read
Geltner, Miller, Clayton and Eichholtz. 2014. Commercial Real Estate Analysis and Investments (3rd ed.). Mason, OH: OnCourse Learning.
Other resources
A list of recommended current readings is available on UTS Canvas; you are encouraged to expand your reading beyond this.