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 in-depth 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. Because of the emphasis being on small-group work and participation, the number of delegates on each PIP course is limited to 58. 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 in Gauteng is 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 co-incide with the opening registration, as well as the closure of the programme.

PIP Gauteng

Gauteng delegates are expected to book into Magaliesberg Conference Centre on 30 May 2006. Registration takes place between 17h00 and 18h30. The official opening is at 18h30, starting with a braai. The course ends at ±12h00 on 3 June 2006 with a lunchtime braai and handing out of certificates.

PIP Kwa-Zulu Natal

KwaZulu-Natal delegates are required to register at the venue on 12 September 2006.

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 16 September 2006 with a lunch and handing out of certificates.

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

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.

The 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.

NB. Are you registered with the Services SETA, if not you need to register with them now.

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: R6 950.00 per person (VAT exempt)
Non-Members: R7 950.00 per person (VAT exempt)

Note: Accommodation fee is subject to change. In case of insufficient applications for a course, we reserve the right to cancel the course. Applicants will be informed and all fees will be refunded immediately. Please note that the Kwazulu-Natal course is not run in conjunction with the University of Pretoria.

Very Important Please Read Carefully

1. The CLOSING DATES for registration:
• PIP Gauteng: 30 March 2006
• PIP KZN: 15 July 2006
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.

PIP GAUTENG –CHEQUES OR DIRECT DEPOSITS SHOULD BE MADE OUT TO:

Deposit detail: CE at UP (Pty) Ltd
Account No: 405 086 2993 Bankers:ABSA
Branch: Hatfield Branch Code: 335-545

FAX OR POST COPY OF DEPOSIT SLIP TOGETHER WITH YOUR APPLICATION FORM TO

Marie Schlebusch, PO Box 146040, Bracken Gardens 1452
Fax (011) 900 3493 & 086 670 8307 Tel (011) 900 3391
Email mariesch@mweb.co.za

BPP KZN – CHEQUES OR DIRECT DEPOSITS SHOULD BE MADE OUT TO:

Deposit detail: SAPOA
Account No: 62090612758 Bankers: Nedbank
Branch: Kloof, Branch Code: 221526

FAX OR POST COPY OF DEPOSIT SLIP TOGETHER WITH YOUR APPLICATION FORM TO

Nicky Chetty, PO Box 1461, Kloof 3600
Tel & Fax: (031) 764 1416 E-mail: sapoa@durbs.com

PLEASE NOTE THAT FAXED OR E-MAILED REGISTRATION FORMS CONSTITUTE VALID RESERVATIONS AND WILL BE TREATED AS SUCH.

In the event of the application being accepted the applicant will be held responsible for payment.

Cancellation Policy

Cancellations for the course must be received not later than three weeks before the course starts. In the event that the organisers cannot find a replacement, no refund will be made.

For More Information Contact