Real Estate in the FIFTH RESOURCE of an organization. The other four resources are human, time, money and technology. Unlike stocks, bonds and other paper investment which are purchased merely for investment purpose, people purchase or invest in real estate for operational purposes particularly for capital appreciation. Land and real estate have value because they are scarce. This means that, the real estate assets can affect the value, hence, the success of an organization.
Decision-makers may have several important questions on real estate decisions such as:
● Should the business buy or rent the real estate?
● When do they need to dispose or acquire real estate?
● How is the current supply and demand situation?
● How to manage real estate in a corporate environment?
All these questions require the advice of real estate professionals in order to identify the best course of actions. Other than that, knowledge advancement through research can enhance decision which are related to real estate.
The objectives of the programme are to ensure that graduates can acquire:
i. Specialisation opportunities for real estate postgraduate students on the needs of the current real estate market and industry.
ii. Basic principles involving synthesis, analysis, and evaluation of scientific as well as creative knowledge.
iii. Core elements that encompass knowledge in all facets of the real estate professional’s functions and tasks related to all property types such as residential, retail, office, and industrial.
iv. The skills to plan, execute, coordinate, and control the whole sequences of complex operations of theoretical as well as practical real estate issues.
v. The capability to conduct research projects and present their findings in a coherent manner.
vi. Capacity to build a competitive foundation that serves the growing needs for qualified real estate professionals who are aware of the ever-changing real estate industry.
M.Sc. by taught course – Attendance in lectures and seminars, presentations, technical and industrial visits and other related activities, short test and/or quizzes, assignments, final examination, and master’s project.
Master by research & PhD by research – Meetings with supervisors, research proposal, progress reports, dissertations/research report and a subject of University’s requirements.
The postgraduate programmes in real estate have been designed to produce competent real estate professionals for practice, consultancy, and/or research and development. They provide postgraduate education in real estate to meet the continuing worldwide demand of real estate specialists.
The programmes focus on real estate strategic issues and allow for more advanced studies in real estate management and investment. Specifically, they concentrate on the application of methods and techniques appropriate to real estate management and appraisal with broad opportunities in the elective subjects and research skills.
The subjects are divided into four groups viz. University’s subjects, core subjects, elective subjects, and a master’s project or a PhD thesis. A master’s degree will be awarded to students who successfully complete 40 credits of the whole programme.
PhD students are also required to take subjects on research methodology and one university’s subject. To graduate, students must complete a research project and submit a thesis.