TASK
Calculate total cost of the Development at 1st July 2018 value.
Preparing a development plan (including the sale of the apartments) by assuming that demolition; land development and design and construction will start on 1st October 2018.
Prepare a cash flow schedule starting on 1st July 2018.
Estimate the net income on completion of project, 1st July 2021
Calculate:
- Total development cost
- Project finance cost
- Cost escalation.
Calculate the initial project development yield on completion of the project.
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