Property Intermediate Programme (PIP)

Course Profile and Objectives

PIP is an intense INTERMEDIATE course, which is held over four days. The course, which is held in conjunction with the University of Pretoria, is designed for people in junior and middle management positions.

PIP has been designed to provide delegates with a more indepth knowledge of the property industry and development.

Those delegates who previously attended the SAPOA BPP Course will benefit in particular.

The objective of the course is to extend the basic knowledge of participants of the principles and practices of property investment, development, marketing and management, and the inter-relationships between the various disciplines.

The course covers the broad principles and practice of property development, and includes lectures and tutorials by seasoned academics and practitioners with a sound knowledge of their subjects and hands-on experience.

Delegates, who ideally should be employed in junior and middle management positions, are drawn from the many disciplines that comprise the property industry such as property development, financial, legal, architecture, engineering, quantity surveying, building, planning, broking, valuers, marketers, etc.

Structure of the Course and Workload

PIP is a full-time four-day course. The organisers will select delegates and reserve the right to accept or reject applications.

PIP is designed to give participants insight into the various subjects and – by active class and group participation – to promote awareness of the close synergy that is needed for a successful property development.

The programme is very intensive, and delegates will be involved in their lectures, studies, work sessions and practical exercises for the greater part of each day, including each evening until at least 22h00 when assignments and projects are worked on, as a broad range of subjects are touched on in class.

Delegates are encouraged and expected to participate in discussions. A certificate of attendance is issued on completion of the course.

The PIP courses in Cape Town and Gauteng are residential (compulsory), and in KwaZulu-Natal it is either residential or non-residential, depending on what suits the delegate best.

Delegates are required to make travel arrangements to coincide with the opening registration, as well as the closure of the programme.

Subjects Covered

INTRODUCTION TO PROPERTY DEVELOPMENT

• An overview of the property development process is given.

PROPERTY ECONOMICS

• The objective is to develop a better understanding of how the economy works. An overview of the South African and world economies will be established. Particular attention will be given to the cycle of the South African economy and of the performance of property as an economic commodity.

DESIGN AND BUILDING ECONOMICS

• The principles of the economics of building design, development and management will be covered.

FINANCIAL MATHEMATICS

• The principles of the time value of money and measures of return are taught by means of hands-on calculations on a financial calculator.

DEVELOPMENT VIABILITY ASSESSMENT

• The main objective of this subject is to provide an introduction to the viability assessment of a development. The factors affecting success and a guide to co-ordinated economic viability will be discussed.

PROPERTY LAW

• A broad outline of the legal system relating to the property industry will be covered. Specific emphasis will be placed on the registration of deeds and the law of contract.

PROPERTY MARKETING

• Participants will be given a broad overview of some of the principles of marketing with specific attention to the relevance of marketing to the property industry.

PROPERTY VALUATIONS

• The objective is to give the participant a reasonable insight into the procedure of determining the market value of a property.

TOWN PLANNING

• A broad outline of town planning procedures will be given to the participants. The different steps taken, the factors influencing the development and relevant regulations will be covered.

PROPERTY TAX AND VAT

• Aspects of property tax and the application of VAT in property transactions will be highlighted.

PROPERTY INVESTMENT

• An overview is given of the types of property ownership, investment, decision-making criteria, principles of property finance and investment portfolios.

Delegates are required to bring along their own financial calculators. The Sharp Business/Financial Calculator EL-735 is
recommended

Course Well Supported

The PIP course has been well supported in the past by various organisations including:

ABSA REAM
African Bank
Atterbury Properties
Atlas Management Services
Boschendall Ltd
City of Johannesburg
Colliers RMS Pty Ltd
Corovest Pty Ltd
Eastern Cape Dev. Corp
Imperial Bank
Gensec
Johannesburg Housing Ltd
Marriott Corporate Properties
Nedbank Corporate Property Services
Propnet
RMB Properties Pty Ltd
Sable Homes Pty Ltd
Spar
Spire Property Services
Standard Bank – Property Finance
Victoria & Alfred Waterfront

Feedback and Comments

• The course was educative, informative and very interesting.
• It is vital to understand the property industry if you want to build a career in property
• Excellent course for people who want to make property development their career
• In general, the speakers are excellent and their presentation is professional
• The project and team spirit was excellent and I enjoyed it thoroughly
• Very good, although some subjects are too summarised
• Course material excellent and very handy for future reference
• Overall – the lecturers were good and the Programme was well planned
• This course is exciting and I think most employees involved in property should attend this course

Background to the SAPOA Educational Programmes

Each year, SAPOA – in conjunction with various tertiary Educational Institutions – presents a range of short courses and training programmes in property.

There are separate courses suitable for various levels, including beginners, middle-management and senior management positions.

We have designed the courses so that they become steppingstones in a logical training experience, which will equip participants for a rewarding career in the property industry.

Only the Gauteng & Cape Town PIP course has been recorded with SAQA (South African Qualifications Authority) and is awaiting approval. You may now claim the approved rebate from the Services SETA, on the cost of the course, thereby making it more attractive to employers for staff training.

The number of delegates attending each course is limited, and it is recommended that application forms are processed and submitted urgently in each instance.

The attached pages provide a synopsis of the Property Intermediate Programme, as well as a registration form.

Please make copies of the Registration Form for your own records.

Course Dates & Fee (VAT Exempt)

DELEGATE COST

SAPOA Members: R7 900.00 per person (VAT exempt*)
Non-Members: R9 000.00 per person (VAT exempt*)

Note: Please note that the Kwazulu-Natal course is not run in conjunction with the University of Pretoria.

*Only Gauteng & Cape Town registration fees are VAT exempt

Very Important Please Read Carefully

PIP Gauteng & Cape Town

Delegates are expected to book into the Conference Centre on the first day of the course with registration taking place between 17h00 – 18h00. The official opening is at 18h30 with a braai/dinner. The course ends at ±14h00 on the Saturday with a lunch and handing out of certificates.

PIP Kwa-Zulu Natal

KwaZulu-Natal delegates are required to register at the venue on 11 September 2007.

Registration is between 17h00 and 18h00. The official opening is at 18h30 and will be followed by a welcome braai/dinner. The course ends at 14h00 on 15 September 2007 with a lunch and handing out of certificates.

1. The CLOSING DATES for registration:
   • PIP Gauteng: 31 May 2007
   • PIP Cape Town: 2 March 2007
   • PIP KZN: 24 August 2007
2. Successful applicants will be advised of their acceptance, in writing, soon after the closing date. Delegates are required to bring a financial calculator with them to the course. If possible, it will be useful to bring a computer for the preparation of the project.
3. Please indicate on the registration form, in which region you wish to attend PIP.
4. Please complete your form, then make and keep a copy for yourself.

For More Information Contact