Page 87 - URBAN REDEVELOPMENT PROPOSITIONS - MRT PANTAI STATION

FEASIBILITY SUMMARY

Particulars Valuation
Land Area (acre) 4.55
Building Unit 1,430

GDV
Total 1,026,344,000
Less : Discount to Bumiputra Lots 8,590,000
Total Gross Development Value (GDV) 1,017,754,000

GDC
(i) Earthworks, Infrastructure & Landscaping 6,830,000
(ii) Building Construction Cost 503,440,000
(iii) Contingencies 25,510,000
Gross Construction Cost (GCC) 535,780,000
(iv) Professional Fee 32,720,000
(v) Development, Project & Site Management Fees 7,550,000
(vi) Marketing Sales & Sales Administration Fee 25,440,000
(vii) Land Conversion 28,000,000
(viii) Development Order/ Planning Fees 200,000
(ix) Project & Sales Office -
(a) Capital Cost 1,000,000
(b) Operating Cost 14,400,000
(x) Advertising & Promotion Cost 15,300,000
(xi) Statutory Fee, Development Charges & Contribution 30,863,000
(xii) Building Plan & Infra Fees 400,000
(xiii) Strata Titles 2,860,000
(xiv) Legal & Miscellaneous Fees 1,430,000
(xv) Advertising Permit & Developers License (APDL) 500,000
Total Gross Development Cost (GDC) 696,443,000

Gross Profit 321,311,000
% Return on Sales 31.57%
% Return on Cost 46.14%

Gross Profit (Before Land Cost, Finance Charges & Tax) 321,311,000
Less Land Cost assuming @ RM600 per sq ft 118,900,000
Profit Before Finance Charges & Tax 202,411,000
% Return on Sales 19.89%
% Return on Cost 29.06%

Gross Profit (Before Finance Charges & Tax) 202,411,000
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Less Land Cost @ RM9 per sq ft 33,750,000
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Profit Before Tax 168,661,000
% Return on Sales 16.57%
% Return on Cost 24.22%