GMS RE Development- 2008-2009
- 6. Plot N°: LAND AREA : 500 m 2 ZONE : Maximum horizontal exploitation → 40% Maximum total exploitation → 4 EXPLOITATION : Being in the zone this plot can benefit as follows: Maximum horizontal area per floor → 200 m 2 → + 20 % balconies → 40 m 2 Total Construction per Floor → 240 m 2 Maximum Over ground exploitation factor : 2000 m 2 + 20 % balconies → 400 m 2 Built up area → +12 % according to the law → 240 m 2 Total Built up area → 2640 m 2 FINANCIAL : Price per square meter → 10,000.00$ Total price of the Land → 5,000,000.00$ incidence per square meter → 1,893.94$ PropertyAnalysis
- 7. Spacing Land zoning multiplier Land development factor Allowable built up area Total land cost ($)-Land Registration Fee Cost Assumptions Construction Costs / Hard Costs Residential Retail Parking Total built-up area Total Construction Cost including contingency Construction Costs / Soft Cost • Architectural & Engineering fees for Consultancy & Supervision • Construction Management fees • Building Permit(s) fees (Land value assumed @ 8000$/m2) • Sales/Marketing Commissions (Real estate agent) • Sales Mangement Commissions (Real estate agent) • Marketing/Advertisement costs (brochures, CD animation, fence branding, etc..) • Administration costs (Developer staff for Accounting, PM, etc... & office expenses) • Legal Fees (Acquisition, Construction contracts, Sales agreements, etc..) • Professional Liability Insurance (covers against consultancy errors) • Taxes (VAT difference btw sales and construction invoices)??????????? • Allotement Fees (including Deed issuance) • BANKMED Parking expenses (until levels B6/B7 of the project are operational) Financing cost (Debt expenses + Interest) Total Soft Cost including contingency Financing costs Total Project cost (Hard & Soft costs) Cost Phasing Construction Phasing Land Cost Phasing Soft Cost Phasing Street Upgrade Soft Costs Quarterly Phasing International consultants Local consultants Site supervision Quantity Surveying and Technical Control Administration and Development fees Building Permit(s) fees Legal Fees Allotment Fees Marketing material costs Total w/o contingency Contingency Total including contingency
- 9. 1. Summary a. Area Schedule b. Units Schedule c. Total Costs d. Total Revenues e. Profits on Investment f. Profit made by developing the Land (excluding land acquisition)
- 10. 2. Assumptions a. General Assumptions Inflation Construction Period Number of Days a Year Number of Months a Year b. CAPEX Assumptions Land Cost ($/m²) Land Cost based on development factor c. Spacing Land Area (m²) Land development factor - Zone 4 - corner land Estimate sellable built-up area Estimate land cost per m2 - aprox 1500$ void price *If applicable, % of terrace area is included Residential Sales Commission d. Revenue Assumptions Commercial ($/m²) Leased % of total commercial space % of total commercial space available for sale Parking Residential Parking ($/Car) Commercial Parking ($/Car) Parking Occupancy Rate: Car/day with Turnover factor 2 BankMed Parking Fees (Monthly) Bank Visitor Parking Fee ($) Parking Sales Rate: Additional Car Space for Sale to Residential ($) # of Residential Parking Stalls Apartments Parking Space: Addtnl/ 25 Cars Apartment Parking Stalls for Addtnl Cars (the rest is for visitors) Shops Parking Stalls Bank Parking Spaces (Visitor & Staff) BankMed Monthly Parking Fees During Construction (opp. cost) e. Financing Assumptions Debt/Equity Ratio of construction cost Interest Rate Repayment Period (Years) Grace Period (Years)
- 12. 4. Revenue Assumptions Residential Sales Schedule Y-2 Y-1 Y1 Y2 Y3 Y4 Y5 Annual Sales Phasing Schedule 20% 40% 30% 10% 0% 0% 0% Retail Sales Schedule Y-2 Y-1 Y1 Y2 Y3 Y4 Y5 Annual Sales Phasing Schedule 20% 40% 20% 20% 0% 0% 0%
- 14. Profitability Project cumulative profit from cash flow Project Financing Debt injection Interest yearly Interest value Project Schedule Project construction starting date Project construction period Project sales period
- 21. Area (March 09) 09) Area (March 09)
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