Real Estate

Valuation

Investment Analysis

The real estate appraisal project for the condominium unit in 5628 Birney Ave in Vancouver, BC, involves a comprehensive analysis of the property's value using both the Cost Approach and the Direct Comparison Approach. These two methodologies are commonly employed in real estate appraisal to arrive at an accurate estimate of a property's worth.

Cost Approach: The Cost Approach is based on the principle that the value of a property is closely linked to the cost of replacing it with a similar one. In the case of a unit in 5628 Birney Ave, this approach involves estimating the cost of constructing a comparable condominium unit from scratch, adjusting for depreciation and obsolescence.

Direct Comparison Approach: The Direct Comparison Approach, also known as the Market Approach, determines a property's value by comparing it to similar properties that have recently sold in the same or similar area. This approach is particularly useful for determining the market value of properties in established markets.

This project involves the process of selecting a real-life investment opportunity concerning a commercial real estate property, The selected property is located in Lake Tahoe, California.

The task includes analyzing the opportunity and producing a report by applying concepts from the real estate investment analysis course and utilizing the spreadsheet provided by the UBC Sauder School of Business. Successful completion necessitates visiting the property, conducting comprehensive research on property-specific aspects, and considering current market trends and challenges. The content will include information on the subject property, market analysis, financial terms & conditions of the case study, sensitivity analysis, and conclusions and recommendations.

The project consists of a spreadsheet that provides the pro-forma budget to identify the investment appraisal results from the initial date of investment towards the end of the holding period for the investment. The project also considers the existing mortgage rates for financial leverage.

The Capstone Project topic is about E-Transformation of Organizations. My part focused on the implementation of radical emerging technologies such as Augmented Reality and Artificial Intelligence into the real estate market. The project also identifies ways that emerging technologies can tackle the complexities that arose towards the sale real estate during the pandemic.

The project encompasses multiple concepts across various areas, including PropTech 1.0, 2.0, and 3.0. It outlines the process of integrating emerging technologies into the existing market, evaluating their implementation in this context. Finally, the technology is applied as an opportunity for existing companies, particularly in the hospitality, commercial, and residential sectors, to adopt the following technology advancements.

The Strategic Disruption Project for the hospitality business focuses on the emerging trends in technological disruption and consumer preferences.

Technological disruption including Proptech 3.0 focuses on the implementation of Artificial Intelligence (AI), Augmented and Virtual Reality (AR/VR), Blockchain, and the Sharing Economy. However, consumer trends focus more on online travel agencies, ecotourism, and experiential travel.

The project is designed to identify reasons that the hospitality industry in Indonesia should adapt and cater to these emerging trends and change in consumer demands in the hospitality market.