Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please DO NOT handwrite the awnser PROJECT TITLE: PROPOSED DEVELOPMENT OF 8m x 25m DOUBLE STOREY SHOP/OFFICE LOTS, AND VILLA ON 600SQM PLOT OF LAND
please DO NOT handwrite the awnser
PROJECT TITLE: PROPOSED DEVELOPMENT OF 8m x 25m DOUBLE STOREY SHOP/OFFICE LOTS, AND VILLA ON 600SQM PLOT OF LAND IN AL HAIL NORTH NEAR WAVE COMPLEX A property Developer intends to develop a piece of freehold land measuring 10 acres, 1 rood and individual villas with attached swimming pool in Al Hail North near the wave complex. The land was purchased three years ago at OMR300 per sqm with an OMR13, 500,000.00 bank loan. During this period, the Developer had applied for land conversion, subdivision, planning and building plans approval. The proposed development shall be of mixed residential and commercial units comprising of 8m x 25m double storey shop/office lots and villas on 600sqm plot of land. Thirty percent (30%) of the villa development must be ground plus first floor houses. The Developer intends to have fifteen percent (15%) of the total units to be double storey shop/office. Development Order has now been granted and construction is ready to proceed. Construction shall take two years to complete. As the cost consultant engaged for the proposed project, prepare the following based on the project information available as attached. Task 4: With a twelve percent (12%) cost of capital, tabulate and calculate the NPV of the project on a quarter-yearly basis. Give an overall analysis and comment on the viability of the project. PROJECT TITLE: PROPOSED DEVELOPMENT OF 8m x 25m DOUBLE STOREY SHOP/OFFICE LOTS, AND VILLA ON 600SQM PLOT OF LAND IN AL HAIL NORTH NEAR WAVE COMPLEX A property Developer intends to develop a piece of freehold land measuring 10 acres, 1 rood and individual villas with attached swimming pool in Al Hail North near the wave complex. The land was purchased three years ago at OMR300 per sqm with an OMR13, 500,000.00 bank loan. During this period, the Developer had applied for land conversion, subdivision, planning and building plans approval. The proposed development shall be of mixed residential and commercial units comprising of 8m x 25m double storey shop/office lots and villas on 600sqm plot of land. Thirty percent (30%) of the villa development must be ground plus first floor houses. The Developer intends to have fifteen percent (15%) of the total units to be double storey shop/office. Development Order has now been granted and construction is ready to proceed. Construction shall take two years to complete. As the cost consultant engaged for the proposed project, prepare the following based on the project information available as attached. Task 4: With a twelve percent (12%) cost of capital, tabulate and calculate the NPV of the project on a quarter-yearly basis. Give an overall analysis and comment on the viability of the project Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started