SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Carry out a detailed property feasibility study and property valuation 
SAQA US ID UNIT STANDARD TITLE
377040  Carry out a detailed property feasibility study and property valuation 
ORIGINATOR
Task Team - Commercial Property 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 11 - Services Cleaning, Domestic, Hiring, Property and Rescue Services 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04  10 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This unit standard specifies the outcomes required to contribute to a formal property feasibility study, including a comprehensive property valuation. It requires the ability to identify objectives and techniques to undertake the study, use valid and reliable research techniques to analyse information, and report study findings and conclusions. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
It is assumed that the learner accessing this standard is competent in Communication and Mathematical Literacy at NQF Level 3 or equivalent. 

UNIT STANDARD RANGE 
  • Clients may include financial institutions, fund managers, individuals, internal and external property groups and investment organisations.
  • Organisational requirements may be outlined and reflected in access and equity principles and practice guidelines, business and performance plans, complaint and dispute resolution procedures, goals, objectives, plans, systems and processes, legal and ethical requirements and codes of practice, mission statements and strategic plans, OCHSA policies, procedures and programs, policies and procedures in relation to client service, quality and continuous improvement processes and standards, quality assurance and procedure manuals.
  • Relevant people may include Accountants, agents, clients, government personnel, interested parties, legal representatives, management and colleagues, members of industry associations, taxation specialists.
  • Relevant documentation may relate to building codes, current and planned property or site developments, deposited, survey and other plans and maps, depreciation schedules, land title and zoning, leasing rates, legal status, management policy and procedures, marketing services, permits, rates notices, sales information, taxation papers, tenancy and other contracts or leases.
  • OCHSA issues and requirements organisational and professional procedures, ethical practices and business standards, project assessment methods, relevant national and local government regulations related to: anti-discrimination, consumer protection, environmental issues, Employment Equity (EE) or Black Economic Empowerment (BEE), financial probity, franchise and business structures, industrial relations, OCHSA, Privacy, property sales, leasing and management, sources of industry and market information, types of property markets and value management.
  • Legislative requirements may be outlined and reflected in South African standards, and quality assurance and certification requirements, award and enterprise agreements, consumer protection, freedom of information, home building requirements, privacy requirements, public health, relevant federal, and state or territory legislation that affects organisational operation, including: anti-discrimination and diversity, environmental issues, BEE, industrial relations, OCHSA, relevant industry codes of practice, strata, community and company titles, tenancy agreements, trade practices and trade practices laws and guidelines.
  • Specialist advice may be sought from Architects, bankers and financiers, developers, land economists, members of industry associations, planners, solicitors, taxation and accounting practitioners, valuers.
  • Sources of information may include Consultants, industry and organisational databases, information services, press clippings, published industry data, including industry indices, third parties and trade journals.
  • Analysis may include computer modeling, examination of cash flows and other financial projections, examination of collected data, quantitative and qualitative analysis, probability analysis, time series recognition.
  • Communication techniques may include active listening, clear presentation of options, consultation methods, culturally inclusive and sensitive engagement techniques, questioning to clarify and confirm understanding, seeking feedback, two-way interaction, using language and concepts appropriate to cultural differences and verbal or non-verbal language.
  • Environment may relate to Competitors, environmental issues, such as water, noise and air, financial markets, leasing and tenanting arrangements or prospects, market share, neighbours, property stakeholders, situational issues, size, location and nature of property, stability of property, industry and market.
  • Comparative market data may include best practice information, national and international benchmarking and inter-organisation comparison data.
  • Risk factors that may influence the complexity of the feasibility study may include constraints on use, existing land use and ownership, government zoning and restrictions, project financing, staging of investment or development, structure of leases or type and number of tenants.
  • Contingencies may relate to budget constraints, building delays, competing work demands of contractor, environmental factors, such as time and weather, industrial disputes, non-availability of resources and materials, public holidays and shut-down periods, equipment and technology breakdown, unforeseen incidents, workplace hazards, risks and controls.
  • Consultative processes may include face-to-face meetings, telephone, facsimile and written communication.
  • Benchmarks may include: building operational costs, business strategy parameters, economic parameters, financial constraints, historical operational costs, industry published building occupation data, market expectations, research data, statutory costs.
  • Market conditions may relate to availability of alternatives, business confidence, economic conditions or level of competition.
  • Business equipment and technology may include computers, data storage devices, email, facsimile machines, internet, extranet and intranet, photocopiers, printers, scanners, software applications, such as databases and word applications. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Establish study requirements. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Aims and objectives of feasibility study are clearly established according to client and organisational requirements. 

    ASSESSMENT CRITERION 2 
    Study objectives and time lines are negotiated and agreed in consultation with relevant people. 

    ASSESSMENT CRITERION 3 
    Relevant documentation and legislative requirements are gathered and reviewed to identify critical requirements of the study. 

    ASSESSMENT CRITERION 4 
    Situations requiring specialist advice are identified and support is sought as required according to organisational requirements. 

    SPECIFIC OUTCOME 2 
    Access relevant information. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Relevant information is gathered and organised in a format suitable for analysis and interpretation. 

    ASSESSMENT CRITERION 2 
    Market information is accessed and evaluated in terms of validity, reliability and relevance according to identified analysis requirements. 

    ASSESSMENT CRITERION 3 
    Relevant people are consulted to gather additional information using appropriate communication techniques. 

    ASSESSMENT CRITERION 4 
    Environment is scanned to identify and assess factors that may impact on study according to organisational requirements. 

    ASSESSMENT CRITERION 5 
    Reliable methods for gathering information are used according to organisational requirements, making efficient use of time and resources. 

    SPECIFIC OUTCOME 3 
    Analyse information. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Quantitative and qualitative analysis is undertaken of comparative market data using standard financial analysis techniques. 

    ASSESSMENT CRITERION 2 
    Economic trends and market developments are analysed in terms of potential implications and impact on study objectives. 

    ASSESSMENT CRITERION 3 
    Risk and contingencies are identified and quantified using established precedents and techniques according to industry standards and organisational procedures. 

    ASSESSMENT CRITERION 4 
    Sound reasoning is applied to ensure consistency of interpretations based on available information. 

    SPECIFIC OUTCOME 4 
    Formulate sensitivity scenarios. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Alternative project scenarios are developed to meet study requirements and criteria according to organisational requirements. 

    ASSESSMENT CRITERION 2 
    Consultative processes are used to obtain views of industry experts as required. 

    ASSESSMENT CRITERION 3 
    Scenarios are developed and checked against prescribed criteria to minimise subjective assessment. 

    ASSESSMENT CRITERION 4 
    Sensitivity analysis is performed on data to identify degree of convergence within identified industry and market benchmarks. 

    ASSESSMENT CRITERION 5 
    Property trends and market conditions are identified and evaluated against study requirements. 

    SPECIFIC OUTCOME 5 
    Document feasibility study. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Feasibility study is presented in appropriate format, style and structure using suitable business equipment and technology. 

    ASSESSMENT CRITERION 2 
    Report is prepared and distributed to relevant people within agreed timeframes according to organisational requirements. 

    ASSESSMENT CRITERION 3 
    Conclusions are documented that are verifiable, current and sufficiently detailed to meet identified client and organisational requirements. 

    ASSESSMENT CRITERION 4 
    Information is securely maintained with due regard to client confidentiality, and legislative and
    organisational requirements. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Any individual wishing to be assessed (including through RPL) against this unit standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard or assessing this Unit Standard must be accredited as a provider with the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Alternative property uses.
  • Building control legislation, codes and relevant South African standards.
  • Business and industry property networks.
  • Limitations of work role, responsibility and professional abilities.
  • Market conditions.
  • OCHSA issues and requirements.
  • Organisational and professional procedures, ethical practices and business standards.
  • Project assessment methods.
  • Relevant national and local government regulations related to:
    > Anti-discrimination.
    > Consumer protection.
    > Environmental issues.
    > Employment Equity (EE) or Black Economic Empowerment (BEE).
    > Financial probity.
    > Franchise and business structures.
    > Industrial relations.
    > OCHSA.
    > privacy.
    > Property sales, leasing and management.
    > Sources of industry and market information.
    > Types of property markets.
    > Value management. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems using critical and creative thinking processes to contribute to a detailed property feasibility study. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organisation or community to perform a property feasibility study. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively in order to produce a detailed property feasibility study. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information in order to produce a detailed property feasibility study. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and/or language in the modes of oral and/or written persuasion to explain the steps involved in producing the detailed feasibility study. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically, showing responsibility to the environment and health of others when performing a feasibility study in the property industry. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of interrelated systems by recognizing that the steps involved in producing a feasibility study do not exist in isolation and are affected internal and external factors in property industry. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Participate as responsible citizens in the life of local, national and global communities by understanding the consequences of contributing to a detailed feasibility study and the value to own work context. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  79626   Further Education and Training Certificate: Commercial Property and Facilities Management  Level 4  NQF Level 04  Reregistered  2023-06-30  SERVICES 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    NONE 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.