Proposal A

Gross Development Value (GDV)

A) Description Unit Build up area (SF) Estimate RM/sf Estimate RM/unit Estimate total RM Total RM
Type A 250 1401 500.00 700500 175125000.00
Type B 265 1303 460.00 599380 158835700.00
Shoplot 100 2000 420.00 840000 84000000.00
Total 615 417960700.00

B) Gross Development Cost (GDC) RM Total RM

1) Land Cost
Land Price 22415000.00
Stamp Duty @4% of land cost 896600.00
Agent acquisation cost @0.5% land cost 112075.00
Legal fees on acquisation @0.5% land cost 112075.00
Total 23535750.00

2) Building Works Unit Build up area (SF) Estimated RM/SF Total RM

Type A 250 350250 153.00 53588250.00
Type B 265 345295 153.00 52830135.00
Shop lot 100 200000 175.00 35000000.00
Carparks ( Car, Motorcycle and OKU) 1609 225460 110.00 24800600.00
Total 1121005 166218985.00

3) Infrastructure Works (15% of Building Works) RM

Site Clearance and Earthworks 3% Building works 4986569.55
RoadWorks 2% Building works 3324379.70
Drainage 2% Building works 3324379.70
Sewerage 1.5% Building works 2493284.78
Water Supply 0.5% of infrastructure work 831094.93
Mechanical and Electrical works 5% Building works 8310949.25
Provisional sum 1% 1662189.85
Total 24932847.75
Total Construction Cost 191151832.75

4) Preliminaries(5% Construction cost) 9557591.64 9557591.64

5) Contingencies and Design reserve(5% of Construction Cost 9557591.64 9557591.64

Development Expenses
6) Proffesional Fees
Architecture@3% of Building Cost 4986569.55
Structural Engineering@2% of Building cost 3324379.70
Quantity Surveyor@2% of Building Cost 3324379.70
Mechanical Engineering@1.5% of Building cost 2493284.78
Project Manager@1.5% of Building Cost 2493284.78
Total 16621898.50
7) Other Fees
Site investigation(1% land cost)(Assumed) 224150.00
Planning Fees(Assumed) 8000.00
Building Regulations(Assumed) 38000.00
Development charges(Rm22415000x30%) 6724500.00
Sales and marketing agency fees(0.5% GDV) assumed 2089803.50
Administrative and staff expenses(0.5% GDV) assumed 2089803.50
Developer overhead and management cost(2% of Construction Cost 3823036.66
Total 14997293.66
Finance Cost
Land Cost 23535750.00
over the development period and void of 18months @ 6.6%
compounded
where, quarterly
Compound interest =P|(1+r)^n - 1) 2428294.21992838

P = the principal investment amount (the initial deposit or loan amount) 23535750.00
r = the annual interest rate (decimal) 0.0165
n = the number of times that interest is compounded per year 6
2428294.2199284
Total building cost, professional fees, other costs, funding fees divided by
half 120943104.09
over the building period of 12months @ 6.6% compounded quarterly
Compound interest =P|(1+r)^n - 1) 8181987.5609473
where,

P = the principal investment amount (the initial deposit or loan amount) 120943104.09
r = the annual interest rate (decimal) 0.0165
n = the number of times that interest is compounded per year 4
8181987.56
Total building cost, professional fees, other costs, funding fees 241886208.18
over the void period of 12months @ 6.6% compounded quarterly
Compound interest =P|(1+r)^n - 1) 16363975.1218946
where,

P = the principal investment amount (the initial deposit or loan amount) 241886208.18
r = the annual interest rate (decimal) 0.0165
n = the number of times that interest is compounded per year 4
16363975.121895
26974256.90
Total GDC 292396215.08
 Proposal B
Gross Development Value (GDV)
A) Description Unit Build up area (SF) Estimate RM/sf Estimate RM/unit Estimate total RM Total RM
Type A 285 1238 460.00 569480.00 162301800.00
Type B 345 1012 430.00 435160.00 150130200.00
Shoplot 100 2000 420.00 840000.00 84000000.00
Total 730 396432000.00

B) Gross Development Cost (GDC) RM Total RM

1) Land Cost
Land Price 22415000.00
Stamp Duty @4% of land cost 896600.00
Agent acquisation cost @0.5% land cost 112075.00
Legal fees on acquisation @0.5% land cost 112075.00
Total 23535750.00

2) Building Works Unit Build up area (SF) Estimated RM/SF Total RM

Type A 285 352830 153.00 53982990.00
Type B 345 349140 153.00 53418420.00
Shop lot 100 200000 175.00 35000000.00
Carparks ( Car, Motorcycle and OKU) 1944 279576 110.00 30753360.00
Total 1181546 173154770.00

3) Infrastructure Works (15% of Building Works) RM

Site Clearance and Earthworks 3% Building works 5194643.1
RoadWorks 2% Building works 3463095.4
Drainage 2% Building works 3463095.4
Sewerage 1.5% Building works 2597321.55
Water Supply 0.5% of infrastructure work 865773.85
Mechanical and Electrical works 5% Building works 8657738.5
Provisional sum 1% 1731547.7
Total 25973215.5
Total Construction Cost 199127985.50

4) Preliminaries(5% Construction cost) 9956399.275 9956399.28

5) Contingencies and Design reserve(5% of Construction Cost 9956399.275 9956399.28

Development Expenses
6) Proffesional Fees
Architecture@3% of Building Cost 5194643.10
Structural Engineering@2% of Building cost 3463095.40
Quantity Surveyor@2% of Building Cost 3463095.40
 Mechanical Engineering@1.5% of Building cost 2597321.55
Project Manager@1.5% of Building Cost 2597321.55
Total 17315477.00
7) Other Fees
Site investigation(1% land cost)(Assumed) 224150.00
Planning Fees(Assumed) 8000.00
Building Regulations(Assumed) 38000.00
Development charges(Rm22415000x30%) 6724500.00
Sales and marketing agency fees(0.5% GDV) assumed 1982160.00
Administrative and staff expenses(0.5% GDV) assumed 1982160.00
Developer overhead and management cost(2% of Construction Cost 3982559.71
Total 14941529.71

Finance Cost
Land Cost
over the development period and void of 18months @ 6.6% 23535750.00
where,
compounded quarterly
Compound interest =P|(1+r)^n - 1)

P = the principal investment amount (the initial deposit or loan amount) 23535750.00
r = the annual interest rate (decimal) 0.0165
n = the number of times that interest is compounded per year 6

Total building cost, professional fees, other costs, funding fees divided by 2428294.2199284
half 125648895.38
over the building period of 12months @ 6.6% compounded quarterly
Compound
where, interest =P|(1+r)^n - 1)

P = the principal investment amount (the initial deposit or loan amount) 125648895.38
r = the annual interest rate (decimal) 0.0165
n = the number of times that interest is compounded per year 4
8500341.60
Total building cost, professional fees, other costs, funding fees 251297790.76
over the void period of 12months @ 6.6% compounded quarterly
Compound
where, interest =P|(1+r)^n - 1)

P = the principal investment amount (the initial deposit or loan amount) 251297790.76
r = the annual interest rate (decimal) 0.0165
n = the number of times that interest is compounded per year 4
17000683.201928
27929319.02
Total GDC 302762859.78
Proposal A Variation in % Profit Margin
GDV 417960700.00 0% 417960700.00 42.94 0% -1% -2% -3% -4% -5% -6% -7%
GDC 292396215.08 0% 292396215.08 0% 42.94 41.51 40.08 38.65 37.23 35.80 34.37 32.94
Profit over GDC 125564484.92 1% 41.53 40.11 38.70 37.28 35.87 34.45 33.04 31.62
Profit margin over GDC 42.94 42.94 2% 40.14 38.74 37.34 35.94 34.53 33.13 31.73 30.33
3% 38.78 37.39 36.00 34.62 33.23 31.84 30.45 29.07
4% 37.45 36.07 34.70 33.32 31.95 30.57 29.20 27.82
5% 36.14 34.78 33.41 32.05 30.69 29.33 27.97 26.61
6% 34.85 33.50 32.16 30.81 29.46 28.11 26.76 25.41
7% 33.59 32.26 30.92 29.58 28.25 26.91 25.58 24.24

Proposal B Variation in % Profit Margin

GDV 396432000 0% 396432000 30.94 0% -1% -2% -3% -4% -5% -6% -7%
GDC 302762859.78 0% 302762859.78 0% 30.94 29.63 28.32 27.01 25.70 24.39 23.08 21.77
Profit over GDC 93669140.22 1% 29.64 28.35 27.05 25.75 24.46 23.16 21.86 20.57
Profit margin over GDC 30.94 30.94 2% 28.37 27.09 25.80 24.52 23.24 21.95 20.67 19.38
3% 27.12 25.85 24.58 23.31 22.04 20.77 19.50 18.23
4% 25.90 24.64 23.38 22.12 20.87 19.61 18.35 17.09
5% 24.70 23.46 22.21 20.96 19.71 18.47 17.22 15.97
6% 23.53 22.29 21.06 19.82 18.59 17.35 16.11 14.88
7% 22.37 21.15 19.92 18.70 17.48 16.25 15.03 13.81