Undominium Research Project

Cruickshank, Garth& Romano is a startup company, formed by Richard, Chris and Wayne to provide industrial, residential and commercial evaluations, and also consulting services and feasibility analyses in National Capital Region (NCR). Based on the experienced principals who enjoy good reputations, Cruickshank, Garth& Romano is aimed at providing high quality service as NCR’s top four firms which dominate the commercial appraisal market in NCR, but they tend to do business with the owners of smaller properties. Recently, because of the economic regression, to get sufficient revenue, the principals have realized that getting new larger developers is crucial to

The average number of days for a property to sell has decreased to 18 days from 23 days over the past year.

The real estate division was estimated to have a fair value of $13,890,000. This was determined by totaling the number of lots expected to sell within the next four years and multiplying it by the price per lot of $180,000. After determining total lot sales, a 20% discount rate was applied as suggested by current market conditions. Given the unique nature of the real estate development, it is not believed that there are any comparable developments to find a market multiple.

This case involves an investigation of the factors that affect the sale price of Oceanside condominium units. It represents an extension of an analysis of the same data by Herman Kelting (1979). Although condo sale prices have increased dramatically over the past 20 years, the relationship between these factors and sale price remain about the same. Consequently, the data provide valuable insight into today’s condominium sales market.

This case investigates the factors that are affecting the sale price of Oceanside condominium units. The relationship between these factors and sale price has remained the same despite condo sale prices increasing drastically over the past 20 years.

The real estate market of Australia tries to develop and emerge continuously. As an outcome, many a number of Australians invest on properties without any hesitant. But, the basic concepts in relation with the real estate industry are still fairly new to several consumers and are also easily confused even with the most common terms utilized in the industry.

A 95% confidence interval estimate of the population mean sales price is determined by using the standard deviation of a sample is unknown formula. The t value in the table with 39 degrees of freedom and column corresponding to .025 in the upper tails is (t a/2) 2.023 (Anderson, Sweeney, Williams, Camm, & Cochran, 2015). The sample standard deviation (s) is $219.875k. The square root of the 40, number of entities (√n) is 6.325. From the variables one uses the following equation to determine the confidence 95% interval; 515.798 +/- 2.023 *(219.875/6.325). Therefore, we are 95% confident the mean sales price of the sample population for gulf view condominiums is between $445.467k and $586.128K.

Wilmington Global Realty, Inc. has held a constant leading presence in the international real estate market. At this point, it is crucial to continue looking for viable market options in which to expand; Jakarta, Indonesia may be one such option. As the capital of Indonesia, Jakarta has experienced an economic upturn in the past decade. Their new presence in the global market has peaked interests in several firms ̶ this one included. While this interest may appear to make Jakarta a favorable opportunity for expansion, the area is not without barriers.

This research topic is significant to the current property market in Singapore and its sudden increased demand for houses despite the economic downturn, exploring deeper as to whether the government policies were the real influential causes to this boom in property demand. It has relevance to the economic concepts of demand and supply, elasticity, inflation and monopolistic competition. This topic is worthy of investigation because it is a hot media topic in Singapore, and is widely debated in the country because it’s the most expensive household asset.[2]

Gulf Real Estate Properties, Inc., is a real estate firm located in southwest Florida. The company, which advertises itself as “expert in the real estate market,” monitors condominium sales by collecting data on location, list price, sale price, and number of days it takes to sell each unit. Each condominium is classified as Gulf View if it is located directly on the Gulf of Mexico or No Gulf View if it is located on the bay or a golf course, near but not on the Gulf. Sample data from the Multiple Listing Service in Naples, Florida, provided recent sales data for 40 Gulf View condominiums and 18 No Gulf View condominiums. Prices are in thousands of dollars.

CBPRO is a leading real estate company in Virginia, an independent franchisor of the Coldwell banker brand since 2001. CBPRO’s business focuses on residential real estate services such as selling, buying, and leasing houses; has 299 agents in 13 offices. The residential real estate industry is influenced by the ups and downs of the economy. In good times it fuels consumers confidence and spending, and in bad times consumers are cautious and not willing to invest in a house etc. CBPRO had a breaking sale of 2,848 percent in the first three years of services and during the plummet in the economy, sales flattened down to 2.5 percent, as was the case with the industry in general. (Coldwell Banker – Virginia Beach, Page 279). Due to high competition in the residential real estate industry (especially locally), coupled with fluctuating national economic conditions, and narrowly defined target customers, CBPRO faced several distinctive challenges; residential and clients lists were important to CBPRO business and to its competitors, especially the local competitors.

The data for the second test to be conducted by our group consists of lot sizes of the residential properties that are up for sale in Toronto and Vancouver. The samples are represented in m2 (metres squared; area of the land in which the residential properties are built on). The data taken are based on the properties that are up for

Which would produce a 36% ROI after a period of 5-10 years. Compared to a Luxury property that would sell for somewhere around 500,000 USD with no renovation cost which would generate a ROI of almost 200% if resold at 1.5 million USD. It is estimated that after 5-10 years (possibly earlier) of letting these properties appreciate it would be more efficient to buy larger more expensive properties than many small cheaper properties. In order to get the same results with buying cheaper less expensive properties you would have to have very rapid sales or you would have to sell at a price which would be sacrificing desired returns. While it is hard to generalize, as every transaction is different - typically the agents commission is 5% of the agreed up price, and all other costs (legal fees and taxes) are typically between $750 and $1,500 for a regular condo or house purchase.

The Hong Kong real estate sector has ten listed major property companies that basically form the market. Graphical analyses can be found in the appendix. The 3 largest companies, based on market capitalisation, are Sun Hung Kai Properties, Cheung Kong (Holdings) and Henderson Land Development. Due to a consolidation in the property sector these key players increased their share of new residential sales from 30% to 50%.

Market share in the real estate business in Singapore is mainly capitalized by few big players such as City Development Limited, CapitaLand and Keppel Land. If any multi-national real estate company approaches to invest here, they will be restricted to a marginal shareholding in the new companies. A new entrant will be therefore a private Singaporean company, and as such the barriers to entry is high in the real estate business.