Main - Group 05
Main - Group 05
Main - Group 05
GROUP 5
April 2022
ii
DECLARATION
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The copyright of this report belongs to the author under the terms of the
copyright Act 1987 as qualified by Intellectual Property Policy of Universiti
Tunku Abdul Rahman. Due acknowledgement shall always be made of the use
of any material contained in, or derived from, this report.
© 2022, CHONG JOO YEE, ERIC LEE CHEN YII, KEN LAI WEN
JIAN, LIM HUA KANG, MOO PUI YEE, NYO SHEN JIE, SI WAI KEE, TAN
XUE JUN, WONG SENG HONG. All right reserved.
EXECUTIVE SUMMARY
The project handled by our group is Project K which consists of 206 units of
double-storey semi-detached houses located at Beranang. The name of the
project is known as Loisirs Housing Project proposed by Gamura Land. The
duration of the project will be 24 months to complete from pre-construction
phase to construction phase and lastly post-construction phase and the overall
cost for this project will be RM177,987.576.03 including markup cost of 20%
and corporate taxes.
In Earthwork, the objectives are to perform site clearance, excavation of
earth material and building platform for structural construction with minimize
the time consumptions and cost. The duration of earthwork is required for 8
months and overall cost is RM 2,904,137.22. For feasibility study, earthwork
will focused on volume computation of cut and fill activity. In sustainability,
Earthwork have to focus on erosion and sediment control, machinery,
manpower issues and weather consideration.
There will be intermediate lot size, corner lot size and side lot size for
the design of Double Storey Semi-detached House. The dimension for each of
the lot sizes is calculated as (12.19m × 27.43m), (16.31m × 27.43m), and
(17.68m × 25.91m) respectively. All the design for architectural and structural
modelling will follow the requirement in the Uniform Building by By-Law 1984.
According to BIM department, the construction for this project will be carried
out with the duration of 22 months including the designing. There are two
phases for the construction which the first phase will only complete 100 units
of houses and 6 units of show houses while second phase will complete the rest
of 100 units.
The project's EIA can help improve beneficial impacts while avoiding
environmental damage and costs for environmental remediation. The purpose
of an EIA is to identify, anticipate, and assess the environmental impacts at the
project site and nearby, as well as to suggest mitigation measures to mitigate
those impacts. It gives the project proponent a concept of the project's final
shape, which must be in accordance with the government's plan and suitable for
the project site. The Loisirs Housing Project is set to begin construction in
PRELIMINARY RECOMMENDATION
TABLE OF CONTENTS
DECLARATION ii
EXECUTIVE SUMMARY i
PRELIMINARY RECOMMENDATION iii
TABLE OF CONTENTS iv
LIST OF TABLES vii
LIST OF FIGURES ix
CHAPTER
1 PROJECT OVERVIEW 1
1.1 Project Background 1
1.2 Company Background 3
1.2.1 Company History 4
1.2.2 Company Vision and Mision 4
1.2.3 Services 5
1.3 Project Team and Structure 5
1.4 Project Activities 10
1.5 Overall Schedule 13
2 MARKET ANALYSIS 18
2.1 Industry Analysis 18
2.2 Product Analysis 22
2.3 Market Demographic and Volume (Market potential,
demand) 27
2.3.1 Target Market 28
2.4 Consumer Preferences 31
3 SWOT ANALYSIS 37
3.1 Introduction 37
3.2 Strength 37
3.2.1 Good Housing Community 37
3.2.2 Marketing 38
5 COST EFFECTIVENESS 58
5.1 Overall Cost Estimation 58
5.2 Discount Rate and Internal Rate of Return 59
5.3 Cashflow Diagram 60
5.4 Break Even Analysis and Profit Margin 61
5.5 Justification on Costing 63
5.5.1 Land Acquisition 63
5.5.2 Class B: Environmental Protection and
Enhancement 66
5.5.3 Class C: Traffic Management and Control 74
5.5.4 Class E: Demolition and Site Clearance 77
5.5.5 Class F: Earthwork 78
5.5.6 Class G: Geotechnical Work 82
5.5.7 Class P: Drainage Work 83
5.5.8 Class U: BIM 84
5.5.9 Justification on Market Plan 103
5.5.10 Justification on Exit Plan 104
6 CONCLUSION AND RECOMMENDATION 105
6.1 Recommendation of Architecture Plan 105
6.2 Recommendation of Environment Care 106
6.3 Recommendation of Earthwork 106
6.4 Traffic Impact Assessment 107
6.5 Recommendation of Exit plan 107
6.6 Overall Schedule and Costing 107
6.7 Marketing Plan and Channel Recommendation 108
6.8 Operation plan 108
6.9 Recommendation of Selling Price 109
REFERENCES 110
LIST OF TABLES
LIST OF FIGURES
Figure 5.32: Price of supply and installation of mild steel balcony railing
(Quantity Surveyor Online, n.d.). 98
Figure 5.33: Price of aluminium u channel frameless glass railing
(Alibaba, n.d.). 99
Figure 5.34: Price of CFA Fully Aluminium Swing gate Mono (Lazada,
n.d.). 99
Figure 5.35: Price of sitting wc and washbasin (Heap Wah, n.d.). 100
Figure 5.36: Price of double bowl kitchen sink (Heap Wah, n.d.). 100
Figure 5.37: Price of shower points (Heap Wah, n.d.). 101
Figure 5.38: Price of electrical appliances. 102
CHAPTER 1
1 PROJECT OVERVIEW
units with access roads. The duration of the project will be 24 months which is
2 years to complete all the phases from pre-construction phase to construction
phase and lastly post-construction phase.
units (vertical row), each unit will take up 458m (4930 square feet) and lastly
2
for corner lots, it will take up 447m (4811 square feet) for each unit.
2
After performing financial analysis after considering all the costs needed
for the project, the estimated total cost required for the project including tax will
be RM149,612,107.60 and there will be a 20% markup cost which is
RM177,987,576.03 topped from the the estimation cost inluding taxes to deal
with uncertainties and mitigated risks in the future. In terms of the selling price
of the units, there units will be sold in two phases and in the first phase, the
project team will foresee a 25% of the total units to be sold and the second phase
will sell out the remaining 75% of the units.
During the first selling phase, the selling price for the intermediate unit
is RM940,000 and for the corner unit is RM988,000 in order to make a profit
after deducting all the costs such as land acquisition cost, contract cost,
manpower cost, machinery cost, material cost, etc. For the second selling phase,
the selling price of the intermediate unit will be RM968,000 and for the corner
unit will be RM1,150,000. Other than that, the project team will also release a
few showhouse units to be sold to the public selling at a higher price ranging
from RM1,335,000 to RM1,418,000 depending on the type of units and selling
phase.
1.2.3 Services
Commercial analysis
Project planning and management
Architectural design and modelling services
Consultant services in traffic, environment and earthwork
Residential and commercial construction
Resorts and hotels construction
Civil Engineering work
Infrastructure construction and maintenance
social and health related issue. All the works are guided by the respective
advisor of the division.
The proposed development project (Project Code: SMY01) are led and
managed by the chief executive manager, Ir. Nyo Shen Jie and the project
manager for this project is Ir. Eric Lee Chen Yii. The assigned consultant in
structural engineering in BIM is Ir. Moo Pui Yee and the architect in-charge of
the design is Ir. Wong Seng Hong. In the traffic impact analysis, the assigned
senior traffic engineer is Ir. Chong Joo Yee, and the transport planner is Ir. Tan
Xue Jun. Whereas, for the earthwork division, the senior geotechnical engineer
in-charged is Ir. Lim Hua Kang and the land surveyor involved is Ir. Si Wai
Kee. Eventually, we also assigned Ir. Ken Lai Wen Jian as the environmental
engineer.
(BOARD OF ADVISORS)
that relative to the datum according to the benchmark. Lastly, performs grading
to remove or add the soils to the shape the land that suits the proposed level for
construction. Site preparation consumes about 8 months and RM 2904137.
For construction, it is classified into three phase which are the pre-
construction phase, construction phase, and post-construction phase.
Preconstruction sphase is the beginning stage before any construction
project. In this stage, the construction site needs to be prepared by the project
team and make sure it is ready for the construction by site investigation such as
soil test, site surveying, topography surveying, etc. After the investigation, the
plans will be review by the city authorities. When the plan, budget, design and
timeline has been finalized, the project team will proceed to gather the required
resources or labour for the construction.
In the construction phase, all the planning will be pay off and this is the
center stage that belongs to the contractor and subcontractors. As the center of
communications for the project, the project will be interim into the actual
construction by the construction manager and contractor. After that, the quality
control inspections will be carried out by the architecture, engineers and project
manager then proceed with respond to Request for Information (RFIs), review
and approve technical submittals in order to make sure the project carry out by
the contractor according to what has been designed.
Post-construction phase is also known as the last step after the process
of designing and finishing of the project. In this phase, all of the work has been
finished and come to the complete of the project. All the equipment rentals need
to be returned, cleaning up the worksite, and also move the subcontractor that
have finished their work to another project is needed in this phase. A post-
project review need to be carried out in this stage to detect whether there are any
When handover the project to the customer, site clearance should occur
to ensure the existing roadside drains bounding the site are clear of any building
debris etc. Upon completion of works, all temporary buildings, temporary works,
temporary installation, and equipment shall be removed or cleared away. The
site must ensure to be cleaned and in tidy condition. Furthermore, before
handing over of the works, all floors, paving, staircase shall be scrubbed out and
also cleaned out all the gutters, gulley, manholes, sumps, and drains.
Contractor shall also clean all glass panes and leave every part of the completed
works included in this contract in a clean, sound and tidy condition.
Final inspections mainly concern fire safety compliance and engineering
works, for examples road works, water supply connection, sewerage services
work, electricity power connection etc. The final inspection application for the
scope of Water Authority (PBAN), Tenaga Nasional Berhad (TNB), Jabatan
Kerja Raya (PBT/JKR), Fire and Rescue Department (JBPM), Department of
Safety and Health (DOSH), Indah Water (IWK) should be done and submit the
information required by them. The application is accomplished by testing and
accreditation report for the scope of water supply, energy, roads and ditches,
fire, machinery, and sewerage. For TNB, the substation is handed over to TNB
upon the completion of the substation before the date of final inspection.
Then, Form G (clearances letter) is only required from some authorities, which
are G11 Department of safety and health, G13 Water authority, G14, 15
Sewerage Services Department, G16 Tenaga Nasional Berhad and G17
Relevant authorities or public works on road and drainage. Two copies of CCC
and Form G should be deposited within 14 days after the CCC is issued.
CHAPTER 2
2 MARKET ANALYSIS
The residents in Springfields Residence also share the same privilege as the
including a cycling path, eight nature-themed parks and the 360 Club House.
The average pricing of house in Springfields Residence is RM420/sq ft. The 360
Club House consists of multiple facilities including the swimming pool, sauna
room, jacuzzi, gymnasium, studio, futsal court, badminton courts, basketball
residents with essentials and conveniences. For the completed precincts, three
of them are apartments, two are terrace houses and the remaining two are
bungalow and semi-detached house respectively. For the complete semi-
detached house in the precinct known as Tenderfields, the average price is about
RM381/sq ft.
Further to the North of the Eco Majestic, there is Setia Ecohill 1 that
consists of about than 5 residences that are built with double-storey semi-
detached house namely the Stagnia, Aravia, Merrum, Satori Villa and Zen
Garden. The other type of housing in Setia Ecohill are such as Linked semi-
detached house, bungalow, apartment and so on. There are also Business Park
and commercial in the area. The facilities that Setia Ecohill 1 provides to their
residents are including the adventure park, landscape park, jogging track,
playground, 24 hours CCTV surveillance and card access system. The average
price of the current existing semi-detached house in Setia Ecohill 1 is about
RM351/sq ft. Additionally, the Setia Ecohill are now introducing the two new
Japanese themed residences of Hanami Residences and Yumena Residences.
The Hanami Residences are currently only open for registration meanwhile the
Yumema Residences has market price approximately about RM428/sq ft. The
Yumena Residences are estimated to be completed on the third quarter of 2023.
Other than that, we have Bandar Tasik Kesuma that are less than 3km
away, selling a total of 72 units of semi-detached house known as Almas. Each
unit of the semi-detached house covers up to 2595 square feet and build with 4
bedrooms and 3 bathrooms. The average selling price is approximately
RM341/sq ft. Apart from that, there are also terrace units and apartment known
as the Alphinia and Baiduri Apartment respectively in Bandar Tasik Kesuma.
The facilities that they have are jogging tracks and playground. Besides, the
location of the town is also relatively nearer to all the facilities and amenities
such as the schools and university, as well as the healthcare center relative to
our proposed development. However, they do not provide 24-hours security
services, thus, the safety of the residents is not secured. The main road that
enters the housing area are expected with traffic congestion as well, especially
during the peak hours when students are going home, as the Sekolah
Kebangsaan Bandar Tasik Kesuma was located just near the main road.
Through the comparison of the pricing range of the nearby residences
with similar type of house, we obtained the average market price of
approximately RM360/sq ft. In summary, Bandar Tasik Kesuma is said to be
occupied with the most retailer shops but with lower rating in term of safety,
cleanness, and quietness as shown in Table 2.1. For Eco Majestic, it is said to
be the most secured in term of the safety of the community and the environment
is also clean and filled with greens as well as beautiful in-town structures.
Residences in Setia Ecohill are also filled with various facilities and security
services. The summary is described in Table 4.
Rating Categories
(1- Very Bad/ 2- Bad/ 3- Moderate/ 4- Good/ 5-
Developer
Excellent)
Cleanliness Safety Traffic Quietness
Gallery Development
3 3 2 4
Sdn. Bhd.
Setia Ecohill Sdn. Bhd. 4 4 4 4
Eco Majestic Sdn. Bhd. 4 5 3 4
Other than the market price of semi-detached house near the proposed
development, we have also investigated the online listing about the land cost to
estimate the land value of the proposed development. We obtained that the land
cost per square feet ranged from as low as RM18 to RM48. From the listing, we
can assume that bigger land would sell at lower price. Eventually we obtained
that the estimated land value in Beranang is about RM 36 per square feet by
taking the average land cost of Mantin, Kampung Sepapan, Bandar Tasik
Kesuma and other nearby area.
bigger secluded yard than townhouse or linked house as it only has one direct
neighbor, but the price is cheaper as compared to bungalow. According to the
listing online, the range of land size of the semi-detached house in Beranang is
from about 2700 ft up to 6300 ft with average value of 3600 square feet.
Meanwhile, the build-up size is ranged from approximately 2200 ft to 3200 ft
with average value of 2600 square feet. The land size of the proposed
development is just at the average level which means that it provides sufficient
land area of a standard semi-detached house in Beranang, Selangor. Looking
into the build-up area, it is slightly higher than the market average, which means
that the indoor space of movement will be larger for the residents. More people
can fit into the house without feeling cramped or uncomfortable. Family
members living in a house will also have their own spaces especially for those
who have more than four family members.
The location of the proposed development is in Beranang which is a
town in Hulu Langat district in Selangor. It is considered as one of the peaceful
places in Malaysia filled with greenery. The neighboring towns are Semenyih,
Kajang and Sepang. The major roads that connect Beranang to the surrounding
major towns and cities are the Kajang-Seremban Highway, Jalan Semenyih and
Jalan Broga. In addition, Semenyih which is just 10 to 20 mins away is a town
filled with many recreations area such as the broga hills and Sungai Lalang
Hotspring. The distance between Beranang and Kuala Lumpur (KL), the largest
city in Malaysia, is only about 45km and can be reached in less than 1 hour. At
the surrounding of the proposed site, there are also many facilities and amenities
available such as educational, healthcare facilities, grocery and so on. However,
there are no hospitals in town, but the nearest hospital will be the Kajang
Hospital which is only 20 mins driving distance from the proposed development.
Table 5 shows some of the amenities and facilities nearby the site.
The two main roads that used to access to the proposed development site is
Kajang-Seremban Highway (LEKAS) and Jalan Semenyih. Kajang-Seremban
Highway is an expressway that connects Kajang, Selangor to Seremban, Negeri
Sembilan where Beranang is located between the two places. Meanwhile, Jalan
Semenyih is one of the major road or state road in Selangor. Figure 2.1 shows
the road traffic condition at 5:29 PM on working day. Kajang-Seremban
Highway near Beranang is usually very smooth with low congestion rate.
According to Road Traffic Volume Malaysia (RTVM) 2019, the road
performance of Jalan Semenyih is at level of services C where the flow is stable
and not very congested.
demand, we must understand the market potential, customer preferences and our
target market. The proposed development was located at Beranang, Selangor
which is 10km away from Semenyih, Selangor. Specifically, the coordinates of
the proposed site are 2°53'33.82"N and 101°51'2.56"E. The surrounding area of
the site was shown in Figure 2.2. Based on the market potential, we have
provided with the architectural plans as shown in Figure 2.3 and Figure 2.4 done
by architect, Ir. Wong Seng Hong. And, eventually the second architectural plan
as in Figure 2.3 was chosen.
in less than 10 minutes. However, this area has limited public transport facilities
and hence, it is better to target families that have their own vehicles.
There is still another market that we could target which is the retirees
and senior citizens who are born in the baby boom generation with ages ranging
from 61-year-old to 76-year-old. Beranang is located near to urban forests which
is one of the main reasons that makes it a good spot in improving the
psychosocial well-being, as well as the social interactions of the retirees or
senior citizens. Elderly people usually look towards peaceful and safe places for
them to carry out their daily activities because it makes them feel stress and
problem free. Moreover, there are also CCTV cameras to be installed in the
common areas with 24-hours security control to keep the residential area safer.
Besides, most of the elderly people requires regular health check up to monitor
their health, fortunately, there are also healthcare facilities available nearby our
proposed development area such as the Kajang Hospital which is only about
20km away. Other than the environment, the structure of the house is also one
of their considerations. To make their life easier, we allocated few of the
bedrooms and bathrooms on ground floor, especially for those who have joint
problems on their legs, they do not need to walk up or down the stairs. The floor
will also be constructed with materials that are less slippery to reduce the
chances of falling and avoid injuries.
on their demographics or their individual taste. With all the target market
identified, we can further narrow down the scope of consumer preference. There
are many considerations from consumer especially when comes to buying
houses, it does not solely involve huge amount of expenses but also requires
Firstly, since our targeted market are families with more than three
family members, it will be more comfortable if they have bigger space for their
daily activities which also provide the individual family members with
additional privacy. In this case, double storey houses will be preferable due to
its availability of space and a greater number of rooms. Elderly grandparents
can be allocated on ground floor meanwhile the children and parents can stay
on the first floor. With multiple bathrooms, family members will feel more
efficient as they do not need to fight for the bathrooms as well. In addition,
some of the elderly parents who used to live in villages will prefer to have their
own garden for them to farm some vegetables or flowers as a hobby to fill their
free time.
Figure 2.7: Average price trend of primary (Left) and secondary (right)
markets (DOSM, 2020).
development. Most of them would rather have a smooth traffic than a congested
traffic that wastes all the time by making the traveling journey to be longer.
Besides traffic condition, better traffic accessibility also makes travelling to the
destinations faster comparing those who living in some isolated or inaccessible
locations. The proposed site is near to the Kajang-Seremban Highway and Jalan
Semenyih which connects to many places such as Kajang Town and Broga.
guarded, and the log of visitors should be recorded. Suspicious visitors should
not be allowed to enter the residences. Additionally, devices like CCTV
cameras can be installed at the public area within the residences for more simple
and efficient monitoring by the security guards. The log of visitors and CCTV
recorder can eventually use as evidence or tracing equipment if there are
criminals happening in the area.
2.4 Price
Based on our industrial analysis, around the proposed development, most of the
houses are terrace type of houses but there are also several residences with
selling semi-detached house as well. The average price of semi-detached house
selling around the proposed development is about RM360 per square feet,
ranging from RM 300 to RM 480 per square feet and the corner lots can even
go up to RM 500 per square feet. The pricing criteria of the proposed
development will include the compliance cost, land cost, operating fees and
infrastructure fees. The total cost computed will be marked up by 20% for more
conservative estimation. The proposed development is 15.16 hectare which is
about 1,707,000 square feet. Therefore, we can estimate the land purchasing
price to be about RM 61,452,000.
From internal rate of return (IRR) analysis, with interest value of 6%,
we obtain that the average annual return to be 19.35%. Whereas the net present
value of interest rate of 6% is estimated to be RM14,790,685.55 with cash flow
diagram as shown in Figure 2.8.
The pricing criteria is based on the average price obtained from the
market analysis. By taking RM360/sqft, for one unit of the proposed
development of the intermediate house with build-up area of about 3100sqft the
market price is approximately RM1,116,000. Hence, our selling price should be
lower than the market price to make it affordable and not overpriced.
Subsequently, by limiting the price, and adjusting around the cost estimated,
eventually we have come out with the finalize pricing of the houses as shown in
Table 8.
Table 8: Pricing criteria and estimated total cost (Appendix A).
House Type/ Phase Cost Per Unit Total Cost (RM)
Unit
Intermediate House (Phase 1) 940,000 50 47,000,000.00
Corner House (Phase 1) 988,000 2 1,976,000.00
Intermediate Showhouse (Phase 1) 1,335,000 1 1,335,000.00
Corner Showhouse (Phase 1) 1,390,000 1 1,390,000.00
Intermediate House (Phase 2) 968,000 136 131,648,000.00
Corner House (Phase 2) 1,150,000 12 13,800,000.00
Intermediate Showhouse (Phase 2) 1363000 3 4,089,000.00
Corner Showhouse (Phase 2) 1418000 1 1,418,000.00
Total Revenue 202,656,000.00
As a result, the final estimated net profit from the proposed development
including the corporate tax is about RM24,668,423.97 with estimated profit
margin of 12.17%.
CHAPTER 3
3 SWOT ANALYSIS
3.1 Introduction
SWOT Analysis is a method to assist people in analyzing for people to do best
right now and developing a strong future roadmap. SWOT also identifies an
aspect that will let people down in their business. There are four areas to conduct
an analysis for the business which are the word consist in SWOT include
strengths, weakness, opportunities, and treats. This analysis method investigates
both internal and external issues. It means what is happening inside and outside
of a company or business and some of the issues can be controlled (MindTools,
2021).
3.2 Strength
Strength is an internal factor in SWOT analysis. It is a thing that a company
needs to perform exceptionally well or in a way that sets a company apart from
competitors. This can enable the company owner to carry out the mission of the
company (MindTools, n.d.).
only needs to observe the situation of the housing project through the CCTV
monitor which can decrease the frequency of patrols. Furthermore, there are 44
streetlights provided in the residential area. These streetlights will help in
reduces crime and improve security because they provide good lighting at night.
Furthermore, the good lighting also assists the CCTV recording to capture
recognized facial characteristics from 10 meters.
3.2.2 Marketing
Furthermore, the marketing department will be the second strength of the Loisirs
housing project. Nowadays, most people will get their information online via a
smartphone or computer. Therefore, there is several digital marketing provided
by the marketing department which includes a website, listing online, virtual
tours & 360-degree photos, and social media advertisement. All digital
marketing will help people shorten their discovery process, feeling of
professionalism of the company, and offer a special user experience. Other than
digital marketing, traditional marketing also provided by the marketing
department includes agents, billboards, and architecture models to promote the
housing project. The total marketing budget for this housing project was located
around 3million. Moreover, there are also a lot of analyses conducted such as
industry analysis, product analysis, target market, consumer survey, and RPL
analysis. These analyses will help the other department more understand the
current market and create a suitable housing product.
people reduce stress, eyestrain, and fatigue. Moreover, the electrical fee also
will decrease due to adequate natural light and will reduce the frequency to turn
on the electric light.
3.3 Weakness
Weaknesses are internal negative factors that take away from strengths. These
are a characteristic that impedes a company from fulfilling its objective and
reaching its greatest potential.
3.3.3 Cashflow
The final weakness of the Loisirs housing project was the poor cash flow.
Maintaining healthy cash flow was difficult due to the complexity of the
construction project, hence the situation that will be faced by Loisirs housing
project was the high capital investment. At the early stage of this housing project,
there was no investor, and needed to get a loan from a bank. In this stage, the
wish to see. Although there was a negative status cash flow, the payments for
employees, contractors, suppliers, and other expenses still need to be paid on
time. Otherwise, the construction project will no longer proceed. Furthermore,
the cash flow of a construction project was also affected by building material
in Malaysia, the price of mild steel has increased by up to 41% and the price of
sand increased by up to 20%, since October 2020 (Rachel, 2021).
3.4 Opportunities
Opportunities are the chances of something positive that can happen in the
environment or external factors that the project could exploit to its advantage.
Through analyzing the external influences, it can help to explore the future
potential and opportunities of the project.
According to Juwai IQI co-founder Kashif Ansari, there will be high chances
that the cross-border investment in Malaysian residential real estate will rise in
the short and long term and he anticipated an increase in the cross-border
residential demand throughout 2022 as the border reopens (Sharen, 2021).
3.5 Threats
Threats refer to factors that have the potential to affect the sales and value of the
project. External environment and forces can affect the success of the project.
Therefore, identifying the threats can help to expose the barriers and develop
strategies to overcome the issues.
borrowing. This will then reduce the number of targeted customers and affect
the sales of the project.
OPPORTUNITIES THREATS
- Surrounded by Greenery - Many Competitors
- Easy Access to Major Towns - Risks of Inflation
- Opening of International - Rising Covid Cases
Borders - Investment Risks
CHAPTER 4
the Ministry of Housing and Local Government (KPKT). This license plays the
role of letting the housing developer conduct development work as well as
advertising and selling properties. After that, the purchased land must make sure
was registered under name of the business owner at the land office. Next, the
business owner also needs to delegate power to the developer company. This
larger or longer-term financing. Besides, the end loan is a long-term loan that is
used to repay a short-term construction loan or other types of interim finance.
Next, the construction process will proceed after obtaining all the
approval of the layout plan and loan. The construction process includes of
engagement of professionals, sales, and tender exercise work. The architect will
issue a Certificate of Practical Completion once the construction is completed
on or before the agreed completion date without any postponements or
extensions of time. Lastly, the developer needs to apply for transferring the
subdivided titles to the individual purchasers in Form 14A (Shamsudin, n.d.)
that the company's actions are both ethical and useful to society. CSR can be
divided into four categories which are Environment Responsibility, Human
Right Responsibility, Philanthropic Responsibility and Economic
Responsibility. Moreover, the Green Building is said to be closely related to
CSR because it is having aims to minimize the environmental impact caused by
the development. Green Building is said to be a technique of constructing a
building using materials and process that is environmentally friendly.
The objective of applying the Green Building concept in the
development is not only to minimize the damage caused to the environment in
the construction stages but also in the operation stages. Nowadays, it cannot be
denied that the concept of Green Building is essential to developers from
numerous perspectives. The statement of essential of the Green Building
concept has been proved that the consumers are more willing to purchase houses
that come with some greenery facilities such as a recreational park, garden and
for those housing that adapts to the energy-saving plan such as hybrid solar
developers to imply CSR in their projects. The evidence to support the statement
of encouragement on CSR by the Malaysia Government is the implementation
of the Government-Linked Company (GLC) Transformation Programme in
2005 which aims to promote CSR among the GLCs. Thus, it cannot be argued
that it is crucial to imply the CSR in the proposed project for developers whereas
to give a max consideration to protecting the existing environment, providing
society-benefits facilities to the residents and minimizing the wastage of
in Table 8 by categories.
Table 10: CSR Elements.
CSR Elements Features in Proposed Project
Environment -Larger Glass Door at the Balcony to allow
Responsibility adequate natural sunlight to pass through to act as
a natural light
Social Amenities -There are Adventure Park and Ecohill Adventure
Park located nearby the housing area which is
about 410 m and 470 m away respectively
The marketing strategies that we will be implied for the proposed development
will be the traditional physical sales by showcasing the architectural model,
announcement of pre-launching on company website, time-to-time updates of
construction progress on website, recruitment of sales agents and creating online
listing, production of attractive photography, videography and 3D virtual tour,
advertising on social media, and lastly advertising on billboard. The main target
of our plan is to use the minimize cost to reach as more possible consumer as
possible. The estimated sales, to be conservative, is estimated to be 25% during
construction stage in phase 1 and the remaing houses are expected to be sold
during phase 2 construction stage.
Table 9: Pre-launch and early bird selling price (Phase 1) (Appendix A).
Type of House Actual Selling Pre-launch Early bird
Price (RM) Selling Price Selling Price
Intermediate House 940,000 911,800 893,000
Corner House 988,000 958,360 938,600
Intermediate Showhouse 1,335,000 1,294,950 1,268,250
Corner Showhouse 1,390,000 1,348,300 1,320,500
to search for homes for sale or rent. A property listing site, unlike a real estate
marketplace, normally does not allow you to advertise your home without using
an agent. Property listing websites were the very first sites where multiple
agents, not simply those affiliated with a single organization, could list a
property. Buyers and renters can search through listings on the property listing
site to find a suitable property, read information, request a tour, or contact the
property owner. Therefore, we will start to recruit agents to help us in creating
the listing on the websites. Additionally, since the showhouse will be
constructed prior to other houses, upon the completion of the showhouse which
is estimated to be around 1/10/2023, agent will be allowed to showcase the
completed showhouse to the potential buyers. The interest rate that would be
provided to each of the agents by selling one unit of the houses will be 1.5% of
the final negotiated selling price per unit. The benefits of recruiting agents are
that it is more cost effective as no fixed payment or salary will be provided for
them unless they have successfully sold any houses which then they will be paid
with the commission based on their effort. Besides, agents are usually
experienced and experts in the market that they particularly serve. They have
Agents will be recruited until all the houses are completely sold.
details of the product during the display. In our project, the product is the unit.
In addition, the salesman can bring clients to the show house in order to pique
their attention.
should post on social media to encourage people to have a look to our company.
Eye-catching photographs not only promote "likes" and "shares," but they also
drive your followers to contact you. It's worth noting that nearly all photo-based
real estate material is accompanied by writing that "sells" the property and also
includes facts and contact information. Besides that, one of the most valuable
features of corporate social media posts is the chance to share success stories
with clients. When it comes to choosing an agent or organization, consumers
have a lot of options, thus the more proof we can show of our delighted
customers, the better. That's why we see so many images documenting a client's
journey from start to finish, culminating in their closing day.
maintain or increase our project reputation. The rebate and discount will be
initiated after phase 1 and around 5% to all clients in phase 2.
If the sale of our property are quite low, this kind of promotion stimulate
the increment of sales growth. The total sales unit is 206 included intermediate
and corner lot of double storey semi-detached house. In first phase, we only
offer 52 unit which is 25% of our total sales unit. By given low rate of
promotion, profits of whole project can maximized but with good sales
performance in phase 1. Offer with lesser units in first phase is to prevent bad
perfectly suit with real estate business. Besides Facebook, YouTube is the
second top of monthly active user in the world. The role of YouTube is a
platform for video sharing and users will watch video everyday on it. YouTube
actually is under a parent company, Google which having the world largest
databa
YouTube. Type of videos watched by users will transmit to background data
collector. After AI (artificial intelligence) analysis, it will conclude out the
search by them. By creating a channel to
promote our projects, YouTube users can search for project information and
further planning at that area. On YouTube, we can put advertisement through
the YouTube advertisement tools. User that have recently searched for the
keywords will be watching our advertisements. Hence, Facebook and YouTube
are very suitable for real estate business and elevate company reputation (Lua,
2022).
electric bill and reduce the carbon footprint. Natural lighting has been shown to
improve the health and comfort of building inhabitants. Increasing the quantity
of natural light that enters a home not only lowers the amount of energy required
to power the house, but it also improves the health of everyone who lives there.
CHAPTER 5
5 COST EFFECTIVENESS
The total cost needed for the whole construction project is RM 170,252,811
before including the corporate tax. The total cost needed for this residential
semi-detached house development that sum up with the corporate tax that relate
to the earned profit is RM177,987,576. The overall cost is marked up with 20%
to mitigate the risk of incremental cost for the materials and services in the
future throughout the construction period. The categories of costs to be included
are compliance cost, land cost, operating fees, infrastructure fees and the
government tax. The compliance cost are improvement service fund and utility
charges or sewerage distributions which costs RM243926. The land cost is RM
61452000 based on the market analysis. The operating fees include the interests
for bank loan, machinery fees, engineering consultation fees, structural fees,
environmental impact assessment fees, traffic impact assessment fees,
showhouse and marketing fees. The total operating fees is RM 71,914,958. The
infrastructure fees include the drainage system, sewerage system, road and
pavement, water reticulation system and guard house which overall costs RM
5,882,799. Besides, 10 million is loaned from the bank throughout the project
to maintain the cashflow.
There is a total of 206 units houses to be sold in this project. The selling
price for the intermediate house and corner house in phase 1 is RM 940,000 and
RM 988,000 respectively while in the phase 2 is RM 968,000 and RM 1,150,000
respectively. The selling price for the intermediate showhouse and corner
showhouse in phase 1 is RM 1,335,000 and RM 1,390,000 respectively while
in phase 2 is RM 1,363,000 and RM 1,418,000 respectively. The target selling
units in the phase 1 are 50 intermediate houses, 2 corner house, 1 intermediate
showhouse and 1 corner showhouse which are 54 units that accounts for 25%
of the total units. The target selling units in the phase 2 are 136 intermediate
houses, 12 corner houses, 3 intermediate showhouses and 1 corner showhouse
which are 152 units that accounts for 75% of total selling units. The total
revenue from the 206 unit of semi-detached houses is RM 202,656,000 and the
earned profit after deducting the total marked up cost is RM 24,668,423.97.
NPV
30000000
25000000
20000000
15000000
NPV (RM)
10000000
5000000
0
-5000000 0 0.1 0.2 0.3 0.4 0.5 0.6
-10000000
-15000000
-20000000
Discount Rate, i (%)
Figure 5.1: The Net Present Value for the Discount Rate (Appendix C).
Internal rate of return can be defined as the discount rate which turns the
net present value of this semi-detached houses to become zero. The objective of
this rate is to predict the annual rate of return to be earned in the investment of
this project. According to the appendix A(excel sheet S1, B19), The internal rate
of return in this project is 19.35% to turn the net present value of RM 24,668,426
to become zero. This project creates 19.35% of annual rate of return to the
investors.
Figure 5.3: Net Cash Flow Table from 2022 to 2024 (Appendix C).
As shown in the figure above, the cash in is increasing year by year throughout
the project period. In the year of zero, the income from the selling units is RM
17,223,667 and the spending cost is RM 91,589,534 which generates the
negative cashflow in the year of zero. In the next year, the income from the
selling units is RM 84,785,667 which generates the positive cashflow of RM
35,631,705. In the last year, the income from the selling units is RM
100,636,667 and the spending cost is RM 37244079 which also generates the
positive cashflow of RM 63,392,588. The total net cashflow is RM 24,668,426
which is a positive income.
A break-
break-even point. In other words, it indicates when will have sold enough units
to cover all of the costs. In this project, 206 units of double-storey semi-detached
house were built. The break-even point had calculated as shown below:
1 unit of an intermediate double storey semi-detached house = RM 940,000
Let x = number of units of houses
Total Revenue = 940,000x
Break-Even Analysis
250000000
200000000
150000000
RM
100000000
50000000
0
0 50 100 150 200 250
Units
Figure 5.6: Net Profit and Profit Margin of the Loisirs Project (Appendix A).
As shown in the figure 5.5 and 5.6, the total revenue from selling a total
of 206 units is RM 202656000(Appendix A, E76) and the total cost is RM
177,987,576 (Appendix A, D64). Therefore, the profit margin is calculated as
below:
The profit margin is 12.17% after marked up the total cost to 20% and
included the corporate tax to be charged by the government.
The land values of these Beranang areas are mainly referred to Property Guru
and iProperty, the platform for selling and buying the land or the property. The
example of the references of the land values in Beranang obtained are shown in
Figure 5.2 and Figure 5.3
B100 ENVIRONMENTAL
MANAGEMENT PLAN
(EMP)
environment
survey in order to prepare the EIA report. The existing environment baseline
study can be categorized into two main groups which are the Physical
Environment and Biological Environment. For the Physical Environment, there
is a requirement to test the current air quality, water quality, and noise level
during daytime and night-time as well as for the geology map and the
topography of the proposed project site. After approaching Ts. Dr Lee Khia Min,
the adviser for the environmental impact assessment, we have got the rate of
water sampling, air quality assessment and noise level monitoring per test. For
the water quality assessment, there is a total number of six water sampling
stations provided at different locations of the nearby water source such as nearby
river and nearby lake. Thus, the cost for the water quality assessment is
calculated by multiplying the rate given from Ts. Dr Lee Khia Min with six for
each water sampling test to get the overall cost for the water quality assessment.
The overall cost for the water quality assessment is calculated as RM 17,400 as
shown in Table 15.
Table 13: Bill of Quantity on Water Quality Assessment (Appendix G).
CLASS B
Environmental Protection and Enhancement
Amount
Item No. Code No. Description Unit Qty. Rate
(RM)
following parameters.
following parameters.
Lastly, we have also known the rate for preparing the environment report
on noise and vibration measurement, ambient air quality, quarterly water quality
assessment and as well as the Total Suspended Soild (TSS) at the discharge
outlet of the silt trap respectively. The cost for preparing five sets of
1,000. Meanwhile, the cost to get ready the environment report on the water
quality assessment quarterly is around RM 2,500 for five sets. However, the rate
for preparing the report on water quality assessment at the project site, the
ambient air quality of the project site and noise and vibration measurement are
RM 2,500, RM1,500 and RM 1,500 respective for five sets of the reports. As
the EIA required for the proposed housing project is under the category of
Preliminary EIA which requires 15 sets of EIA reports for submitting 12 reports
to the DOE state offices and 3 submitted to the DOE Headquarters. Thus, the
cost for preparing all environment reports can be calculated as shown in Table
18.
Table 16: Bill of Quantity on Preparation of Environment Report (Appendix
G).
CLASS B
Environmental Protection and
Enhancement
Amount
Item No. Code No. Description Unit Qty. Rate
(RM)
B800 ENVIRONMENT
REPORT
All in all, the total cost for carrying out the Preliminary EIA can be
estimated after identifying out all the costs that required in the preparation of
the EIA. The total cost for the Preliminary EIA report is estimated as RM
132,400 which is about 0.001 % of the overall project cost of RM
141,877,342.14 before marked up for 20 % for conservative project cost. The
total cost of carrying out the Preliminary EIA is shown in Table 19.
Table 17: Total Cost for the Preliminary EIA (Appendix G).
CLASS B
Environmental Protection and Enhancement
Amount
Item No. Code No. Description Unit Qty. Rate
(RM)
B100 ENVIRONMENTAL
MANAGEMENT PLAN
(EMP)
44000
Water Quality Sampling
and In situ Testing
20000
Page Total carried to
Summary of Class B
following parameters.
24000
B800 ENVIRONMENT
REPORT
27000
132400
The cost allocated for the TIA is mainly composed of printing fees of
the TIA report and wages paid to the traffic management Team. The printing
fees are estimated at about RM 80 for one TIA report generation which is printed
in colour. We have approached to the TIA advisor, Ir. Prof. Dr. Khoo Hooi Ling
and it is mentioned that there a total of 5 TIA reports have to be printed in colour.
Thus, the total cost for printing 5 reports in colour is estimated as RM 400 as
shown in Table 20.
Table 18: Bill of Quantity on Report Generation for Class C (Appendix H).
CLASS C
Amo
Item Code unt
Description Unit Qty. Rate
No. No. (RM
)
On the other hand, there is also a plan on hiring the staff of the traffic
management team. The minimum year of experience for at least 8 years for the
traffic manager. According to Kos Perkhidmatan Perunding Kerajaan Malaysia,
the maximum salary paid for a professional is about RM 5,290. In our case, we
offer 60 % of the maximum salary paid to all the project staff for the traffic
management team. The salary offers to the Traffic Manager, Ir. Dr Mohd Shafiq
bin Hamdi will be RM 3,174 multiplied by the multiplier of 2.5 and the final
monthly salary offered to the traffic manager is RM 7,395. While the traffic
management officer we looking for are those professionals with at least 3 years
of experience and it is then obtained that the maximum monthly salary is RM
3795. Similarly, the 60 % of the maximum salary which is about RM 2277 is
offered to the traffic management officer and is multiplied by the multiplier of
2.1 and hence getting the actual amount of monthly salary offered to the traffic
management officer is RM 4,781.70. Meanwhile, the targeted supervisor to hire
is having 5 years of experience and the maximum salary paid is about RM 4,600.
Thus, RM 2,760 of monthly salary is then offered to the traffic management
team supervisor based on 60 % of the maximum salary paid. Last but not least,
there is a survey on the traffic volume is required in order to generate a TIA
report. In our project, the survey is divided into three days to collect the traffic
volume data. The total surveyors allocated for this traffic volume data collection
is 12 people and the time taken for the first day, second day and third-day traffic
volume collection are tabulated in Table 21.
Table 19: Number of Surveyors Allocated for Different Hours for Traffic
Volume Collection.
Surveyor allocated for 8 Surveyor allocated for 6 hours
hours survey survey
Day 1 12 -
Day 2 4 8
Day 3 - 8
Then, the overall cost allocated for the traffic management team can be
calculated as RM 48,222.10 as shown in Table 22.
Table 20: Total Cost Allocated for Traffic Management Team (Appendix H).
CLASS C
Traffic Management and Control
Item Amount
Code No. Description Unit Qty. Rate
No. (RM)
Then, the overall cost allocated for the TIA assessment is about RM
48,622.10 where the total cost for generating 5 reports and the cost to be paid
Table 23.
CLASS C
Traffic Management and Control
Item Amount
Code No. Description Unit Qty. Rate
No. (RM)
400
Above Ground
101 General clearance. Rate to include the removal ha 15.19 2690.00 40,861.10
of trees and stumps, undergrowth, shrubs,
roots, and the likes.
Total 40,861.10
Code Amount
Item No. Description Unit Qty. Rate
No. (RM)
F100 EXCAVATION
Cut to Fill
Total 512,050.50
Figure 5. 12: Rate for fill excavation (View of Construction Cost for Soil
Excavation, 2021).
CLASS F
Earthworks
Code Amount
Item No. Description Unit Qty. Rate
No. (RM)
F200 LANDSCAPING
Total 207,465.95
For the material costing showed in Table 27, code F301 for project
signboard and F302 for hoarding have the rate of RM3, 000.00 and RM 165.00
per m respectively. Each unit price can be referred to rate price provided by
Quantity Survey Online in Figure 5.9 (Preliminaries Rates, 2021). Besides that,
we also provided the cabin for different purpose such as site office, guard post,
worker quarter and portable toilet. The amount of site office and worker quarter
are required for one unit while guard post and portable toilet required for 2 units.
This material fee are compulsory as fulfilled site facility requirements. The price
in estimated and finalized by referencing to Figure 5.10, Figure 5.11 and Figure
5.12.
Table 24: Bill of Quantities of Class F, Earthwork (Section 3) (Appendix F).
CLASS F
Earthworks
Code Amount
Item No. Description Unit Qty. Rate
No. (RM)
F300 MATERIAL
Construction material and pre-con structure for
site facility purpose.
Cabin
303 Site office Nos. 1 26000.00 26,000.00
304 Guard house Nos. 2 5000.00 10,000.00
305 Worker quarter Nos. 1 30000.00 30,000.00
306 Portable toilet Nos. 2 2300.00 4,600.00
Total 337,910.17
Figure 5. 15: Rate for project signboard and hoarding (Preliminaries Rates,
2021).
Figure 5. 16: Rate for cabin site office (40ft Container Site Office -
Commercial Properties for sale in Miri, Sarawak, 2022)
Figure 5. 17: Rate for cabin guard house (G4' Portable Guard House Suitable
for Security / Park / Outdoor / Factory, 2022)
Figure 5. 18: Rate for cabin portable toilet (Portable Toilet Cabin for sale,
2022)
Table 28 is showing the summary of Class F earthwork. The overall cost
for Class F is RM 1,012,826.62 which have covered the excavation work,
landscaping and material cost required in facility purpose.
CLASS F
Earthworks
Code Amount
Item No. Description Unit Qty. Rate
No. (RM)
F100 EXCAVATION
512,050.50
F200 LANDSCAPING
207,465.95
F300 MATERIAL
337,910.17
Total 1,012,826.62
construction for solving the level difference in designed level. As the level
difference have over 1 m height, slope gradient with 1:1 ratio are not allowed
followed the standard of slope design. In addition the backfill of retaining wall
are required to construct housing unit. So, double cell crib wall are proposed in
our design. In Table 29, it showed the cost required for construct the crib wall
structure. Total area of crib wall is 4000 m2 and with the estimated rate of RM
350.00 per m2 and overall cost for geotechnical work is RM 1.4 million.
Crib wall
201 Double cell with [1200 mm + 1200 mm] header. m2 4000 350.00 1,400,000.00
Total 1,400,000.00
601 [450 mm] diameter single precast concrete pipe Nos. 110 130 14,300.00
culvert, Class [X] in standard length of 1.52 m.
Total 14,300.00
Figure 5. 19: Sample price from concrete pipe manufacturer (Concrete Pipe
Culvert, n.d.)
CLASS U
BIM
Item Amount
Code No. Description Unit Qty. Rate
No. (RM)
U50 STRUCTURE
Rate for reinforcement shall be
deemed to include labour for cutting,
bending, and placing.
U60 Wall
Item for brickwork shall be deemed to
include joint reinforcement,
movement joints, fixing ties, bonds to
existing work, and fixing clamps.
U70 Ceiling
Rate for ceiling shall be deemed to
include labour for plastering
U90 Roof
Rate to include preparing surfaces,
forming joints, overlaps, mitres,
angles, fillets, built-up edges, and
laying to falls or cambers, cutting,
notching, bending, and bedding.
U100 WINDOWS
Rate for windows and doors to
include fixing, supply of fixing
components, drilling or cutting of
associated work, and all associated
glazing work.
U110 DOORS
Rate for windows and doors to
include fixing, supply of fixing
components, drilling or cutting of
associated work, and all associated
glazing work.
TOTAL 9228.00
U132 25mm thick cement and sand (1:3) m2 580 17.98 10428.40
rendering to wall in 3 coats trowelled
to a smooth finish including coved
and rounded angles
TOTAL 20727.15
U140 PAINT
Prepare and apply [one] coat of sealer
and [two] coats of emulsion paint or
arcylic paint include labor fee
TOTAL 3375.08
U150 Railing
Rate for railing to include fixing,
supply of fixing components, drilling
or cutting of associated work, and all
associated glazing work.
TOTAL 8586.80
U160 GATES
Items for gates shall be deemed to
include excavation, preparation of
surfaces, disposal of excavated
material, upholding sides of
excavation, backfilling, concrete,
formwork, reinforcement, posts and
foundations, hinges, bolts, rollers,
lockplates, and all necessary welding.
U170 MISCELLANEOUS
Rate for miscellaneous to include
fixing, supply of fixing components,
drilling or cutting of associated work,
and all associated glazing work.
TOTAL 180.00
(U120), wall finishes (U130), paint (U140), railing (U150), gates (U160),
miscellaneous (U170), sanitary and plumbing fittings (U180) and electrical
installation and internal telecommunication trunking and cabling (U190).
Based on structure (U50), it will be deemed to include the labour for
cutting, bending and also the placing cost. By referring to Figure 5.14, the
concrete used is concrete of grade 35 with 20 mm to 10 mm granite normal
mixed which includes the working rod or fabric reinforcement and it cost about
RM 346.44/m3. The steel formwork used for this project is RM29.63/m2. A unit
of Double Storey Semi-detached House required 202.64 m3 of concrete and
1237.5 m2 of steel formwork hence the total cost for both concrete and steel
formwork is RM70202.60 and RM36667.13 and the total estimated cost is
RM106869.73.
Figure 5. 20: Price of concrete and steel (Quantity Surveyor Online, 2021).
For the wall (U60), the rate of items used for the brickwork are included
the joint reinforcement, movement of joints, fixing ties, bonds to existing work
and also fixing of clamps. The wall used in the Double Storey Semi-detached
House is 230 mm thick of brickwall with cement and sand brick reinforced and
every 4th course was expended with the metal brickwork reinforcement. Since,
the price for the brickwall is RM61.07/m2 as shown in Figure 5.15, the area
needed for 770.5 m2 will has the total price of RM47176.58.
The ceiling (U70) the rate is assumed to comprise the labour for
plastering. For this project, each of the Double Storey Semi-detached House will
For roof (U90), the rate will be deemed as including the preparing
surfaces, forming joints, overlaps, mitres, angles, fillets, built-up edges, laying,
cutting, notching, bending and also bedding. By consulting with the owner of
the Banley Renovation which is Mr. Jimmy, he provide us the estimation of cost
for steel roof truss system 25 degree, concrete roof tile, G.I. rain gutter and
cemboard fascia as shown in Figure 5.17. The rate for each of the materials is
estimate as RM197/m2, RM40/m2, RM304/m2 and RM82/m2. According to the
design of BIM department, the quantity of each material is calculated as 60 units,
60 units, 18 units and 43 units for a Double Storey Semi-detached House. Thus,
the total cost for roof (U90) is calculated as RM23218.00.
For windows (U100) and doors (U110), both of the rate will include the
fixing, supply of fixing components, drilling or cutting of associated work, and
also glazing work. In this project, we used 6 units of aluminium casement
window with top hung (U101.1) with the size of 750 mm x 750 mm and 2 units
with size of 1500 mm x 750 mm (U101.2). By referring to Figure 3.8.5, the price
for 600 mm x 600 mm is RM156/pieces therefore the price for 750 mm x 750
mm can be estimate as RM250/pieces.
Figure 5. 24: Price of aluminium casement window x top hung (Shopee, n.d.)
Figure 5. 26: Price of window casement triple middle transom (Shopee, n.d.).
Figure 5. 27: Price of window casement multi sash horizontal (Shopee, n.d.).
Figure 5. 28: Price of interior single 2 panel wooden door (Lazada, n.d.).
There is also 2 units of 3 panel patio door with size of 3640 mm x 2440
mm (U113) was installed in the house. Since we are ordering for size of 3640
mm x 2440 mm for 206 units of Double Storey Semi-detached House, we can
get the price of $70.16/m2 which is RM296/m2 by referring to Figure 5.23, the
price for 3640 mm x 2440 mm is RM2629/pieces and the labour fee for
installation of door will be RM100/pieces.
For the main door, we are using double full glass wooden door with the
size of 1500 mm x 2000 mm (U114). As the total area we need to order for 206
units of houses had exceeded 500m2, the price for each will be $73 which is
RM308 and the price per piece for double full glass wooden door is RM924.
The labour fee will be defined as RM60/pieces after consulting with Mr. Jimmy.
Hence, the total cost need for the door (U110) part is RM9228.
All the rate of floor finishes (U120) will be included the fixing, supply
of fixing components, drilling or cutting of associated work, preparing surfaces,
forming joints, mitres, angles, fillets, built-up edges and also the laying to
chambers or falls. For indoor such as living room, room, kitchen, etc, the total
area is 289m2 by the calculation. As the area of ceramic tiles we used is 600 mm
x 600 mm (U121), the unit of homogeneous title needed can be calculated by
dividing the total area of indoor area by the area of one ceramic tile, the unit of
homogenous tile needed is 803 units and the price is RM10/pieces referring to
Figure 5.24.
For outdoor area such car porch and balcony, the total area calculated is
129 m2. We choose to use homogeneous tiles with the size of 1200 mm x 600
mm (U122). By dividing the total area of outdoor with the area of homogeneous
tiles, the unit needed for the homogeneous tiles is calculated as 180 units and
the price is RM78/pieces. After consultation with Mr. Jimmy, the labour fee for
the installation of tiles is stated as RM50/m2. Other than that, we also used 25
mm thick of cement and sand rendering to the floor trowelled to a smooth
finished including the coved and rounded angles (U123) with the price of
RM13.98/m2 as shown in Figure 5.24, and also applying three coats of
cementitious waterproofing system to the bathroom which included 25 mm x 25
mm angle fillets (U124) with the price of RM23.49/m2 as shown in Figure 5.25.
The total cost for the floor finishes (U120) is RM44094.10.
Figure 5. 31: Price of cement and sand screed and coats (Quantity Surveyor
Online, n.d.).
For wall finishes (U130), the rates are deemed to include the fixing,
supply of fixing components, drilling or cutting of associated work. Preparing
surfaces, forming joints, mitres, angles, fillets and built-up edges. At the area of
wet kitchen bathroom and powder room, the ceramic wall tiles of 300 mm x 600
mm (U131) were applied and the total area need in the Double Storey Semi-
detached House is 192.5 m2. The price is estimated as RM3.50/pieces which
stated at Figure 5.26. The labour fee for the installation of wall tiles is estimated
as RM50/m2. There is also applying of cement and sand of 25 mm thick render
to the wall in 3 coats trowelled to a smoother finish including the coved and
rounded angles (U132) with the prices of RM17.90/m2 as stated in Figure 5.27.
The whole wall finishes part has the total price of RM2072.15.
Figure 5. 33: Price of cement and sand rendering (Quantity Surveyor Online,
n.d.).
For the paint (U140) part, we had prepared and applied 1 undercoat and
2 finishing coats of emulsion paint to plastered the surface internally (U141)
with the area of 421 m2 and the prices of RM2.55/m2 as shown in Figure 5.28.
The same goes for the applying of emulsion paint weather bond (U142) to
plaster the surface internally with RM5.39/m2 for 427 m2 for the house. All the
cost are assumed to including the labour fee. Hence, the total cost spend for the
paint (U140) is stated as RM3375.08.
Figure 5. 34: Price of emulsion pant and weather bond (Quantity Surveyor
Online, n.d.).
For railing (U150), we estimated that the rate is comprising the fixing,
supply of fixing components, drilling or cutting of associated work, and also all
the associated glazing work. We provided the installation of mild steel balcony
(U151) with the size of 1200 mm high and the stated size in Figure 5.29. The
price for the mild steel balcony railing is estimated as RM110/m and the
designed length for this railing is 13 meter in the project. Other than that, we
also utilize the aluminium u channel frameless glass railing in Figure 5.30 as the
balcony and staircase glass railing (U152). The length needed in the design of
one unit of Double Storey Semi-detached House is 35.5 m and the price
estimated is RM201.60/m. Thus, the total cost for railing (U150) in this project
is RM8586.80.
Figure 5. 35: Price of supply and installation of mild steel balcony railing
(Quantity Surveyor Online, n.d.).
For gates (U160), all the items for the gates are considered as including
the excavation, preparation of surfaces, disposal of excavated materials,
upholding sides of excavation, backfilling, concrete, formwork, reinforcement,
posts and foundations, hinges, bolts, rollers, lockplates and all the necessary
welding. We provided the CFA fully aluminium swing gate mono as the metal
grille gate (U161) for the Double Storey Semi-detached House. The price of the
gate cost RM3400/pieces referring to Figure 5.31 and the labour fee for the
installation of gate was define as RM100/pieces after consulting with Mr.
Jimmy from the Banley Renovation by number of 016-2195565. The total cost
in the gate (U160) section is RM3500.
Figure 5. 37: Price of CFA Fully Aluminium Swing gate Mono (Lazada, n.d.).
For miscellaneous (U170) part, we had applied alarm system c/w 13A
power supply (U171) and booster pump c/w 13A power supply (U172). After
we consult with Mr. Jimmy from Banley Renovation, both of the power supply
is estimated as the price of RM90/nos. Hence, the total price for miscellaneous
(U170) is RM180.
For sanitary and plumbing fittings (U180), for all the rates in this part
will be considered as involving the bottom inlet overflow cistern with flapper
valve internal fittings including the medium duty plastic seat and cover. For the
washroom, we are using 5 units of Hafer Close Couple Series WS 1202 as the
sitting wc (U181) and 5 units of Hafer Above Counter Basin WS2408 as the
washbasin (U182). The prices are defined as RM300/pieces and RM135/pieces
and it is shown in Figure 5.32 and Figure 5.33, the labour fee is estimated as
RM 50/pieces and RM40/pieces.
Other than that, we are using 2 units CAM Double Bowl 60 40 Stainless
Steel Handmade Sink HUNA351892L as the double bowl kitchen sink (U183)
in the kitchen area. The price for each of the bowl will be cost RM628/pieces as
shown in Figure 5.34 and the labour fee is estimated as RM40/pieces.
Figure 5.39: Price of double bowl kitchen sink (Heap Wah, n.d.).
House. Each of the shower point will be cost RM200/pieces referring to Figure
5.35 and the labour fee will be RM50/pieces. All the labour fee in sanitary and
plumbing fitting part is decided after the consultation with Mr. Jimmy. The total
cost calculated in this section is RM4961.
After the cost estimation for all parts, we concluded the total cost for the
BIM department on a unit of Double Storey Semi-detached House without
furniture is RM314965.43. For 200 units of the Double Storey Semi-detached
House, the total cost without the furniture will be RM62993086.32. There will
be another 6 units of houses acting as the show house, 4 of them are intermediate
units and 2 of them are corner units. All of the show houses are fully furnitured.
For the intermediate unit it will cost RM382075 for each while for the corner
unit it will cost RM382979 for each.
In other fee, we have concluded consultant fee and machinery cost
required during earthwork phase. Table 5.4.19 have showed the bill of quantities
of consultant fee and required staff. The recruitment of project manager is to
manage the project with given salary per month is RM 4,500.00. The
recruitment of geotechnical engineer is to operate the site activity and provide
assistance between project manager and site supervisor. The given salary is RM
3,500.00 per month. For site supervisor, the salary is RM 2,500 per month as
similar to safety officer in item 5.0. For salary of land surveyor is RM 2,800.00.
The recruitment of machine operator and security guard are 2 person with
different salary. The salary of machine operator is RM 1,500.00 per month while
salary of security guard is RM 1,200.00 per month. The required general
workers is 8 person with monthly salary RM 1,300.00. Due to the duration of
project as there must be plenty of people use the highway nearby the site to
travel to Kuala Lumpur for working and leisure on the weekend.
CHAPTER 6
6 CONCLUSION AND RECOMMENDATION
By referring to appendix A,D63, the total estimation cost with included tax is
calculated as RM149,612,107.60 and the cost mark up by 20% including the tax
is RM177,987,576.03.
License (APDL) need to get from the government department. Then the
business owner need to delegate power to the developer company. Next, the
development proposal plan needs to get planning permission from One-Stop
Centre (OSC). The planning permission include of 5 drawing which are layout
plan, building plan, road & drainage plan, earthwork plan, and landscape
plan.The Certificate of Completion and Compliance (CCC) will be issued to the
architect once the construction is completed.
The selling price recommended for intermediate house and corner house
in phase 1 are RM 940,000 and RM 988,000 while in the phase 2 are
RM968,000 and RM 1,150,000 in phase 2 respestively. The selling price
recommended for intermediate showhouse and corner showhouse in phase 1 are
RM 1,335,000 and RM 1,390,000 respectively while in the phase 2 are RM
1,363,000 and RM 1,418,000 respectively. The total revenue from the selling
units are estimated to be RM 202,656,000.
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