MBA641 : Strategic Project Management - Project Feasibility Study and Timeline

Case Study – Residential Duplex Development Project

You own a real estate development business with cash reserves for funding development projects of $800,000. Your current business project is to successfully complete, within a nine month timeframe, a small residential development in a regional centre (a place that is not a suburb in a capital city) in the state that you reside in. This will require you to locate: 1. A regional centre in your state with a growing population that currently has more than 10,000 residents; 2. A block of land for sale that is large enough to construct a duplex (two attached residences) based on the minimum land allotment size prescribed by the local council and that is selling for a price you can afford; 3. A builder that will construct a duplex on your chosen block of land for a price you can afford. Your primary objective is to create as much equity as possible (value of your constructed duplex less all project costs) and as much income as possible (rent collected from tenanted duplex less all holding costs).