<p> SOUTH AFRICAN QUALIFICATIONS AUTHORITY UNIT STANDARD: 41 Understand the basic principles of urban land economics and property development</p><p>SAQA US ID SGB NAME SGB for Quantity Surveying NSB NSB 12: Physical Planning and Construction NQF LEVEL: 6 CREDITS 10 FIELD Physical Planning and Construction SUB-FIELD Physical Planning, Design and Management UNIT STANDARD TYPE Regular ISSUE DATE REVIEW DATE</p><p>PURPOSE OF THE UNIT STANDARD The qualifying learner is capable of: Understanding the basic principles of property development in South Africa, including the theory and application of urban land economics</p><p>Successful completion of this unit standard will contribute towards the full development of a professional community of Quantity Surveyors. The skills, knowledge and understanding to be demonstrated by qualifying learners are essential for economic transformation and social upliftment within environments related to construction and property development</p><p>LEARNING ASSUMED TO BE IN PLACE NQF Level 5 or equivalent</p><p>SPECIFIC OUTCOMES AND ASSESSMENT CRITERIA</p><p>Specific outcome 1 Assessment criteria 1</p><p>Understand the functioning of the real 1.1 The principles relating to welfare and economic property market efficiency (economic efficiency through the price system) are understood 1.2 The characteristics and functions of the real property market and the pricing of land and resources are explained 1.3 The development process is understood i.e. the development process, the timing and rate of development, finance for development, Unit Stdd: 41 1 Understand the basic principles of urban land economics and property development redevelopment, public sector development, economics of planning controls, and the role of the construction industry</p><p>Specific outcome 2 Assessment criteria 2 </p><p>Understand the principles of urban land 2.1 The principles of urban land use are understood economics i.e. land use and land values, patterns of urban land use, growth of urban areas, quality of the urban environment, and housing 2.2 The relationship between the government and land resources is explained i.e. the impact of government economic policy on land resources, the theory of urban public finance, taxation and land resources</p><p>Specific outcome 3 Assessment criteria 3 </p><p>Understand the principles of property 3.1 Urban development and control over land development development in SA is understood 3.2 Town planning schemes and zoning is explained 3.3 Knowledge of the development process as it relates to property is demonstrated e.g. township development; residential developments; low cost housing developments; sectional title and group housing; commercial property development; office buildings; parking garages; shopping centres; industrial buildings and parks; and rehabilitation and conversion 3.4 Property management and marketing is explained</p><p>Specific outcome 4 Assessment criteria 4 </p><p>Understand the principles of property 4.1 The principles of management relating to property investment as an asset are understood 4.2 The principles of property marketing are explained</p><p>ACCREDITATION PROCESS, INCLUDING MODERATION OPTIONS</p><p>Both normative and summative assessment methods incorporating evaluation techniques to adequately and appropriately achieve the objectives of this Unit Standard, are applied</p><p>Summative assessments include integrated assessment to evaluate the learner’s ability to combine various knowledge and skills competencies in such a way that  respective specific outcomes are adequately met  learning achievements relative to the specific outcomes of this Unit Standard are competently demonstrated  embedded / underlying knowledge is applied insofar as it relates to specific outcomes  domain knowledge is displayed Moderation options include transparent, affordable  peer review (academic - interdisciplinary - work-place practitioners )  assessment of competence by external organisations and in particular the South African Council for the Quantity Surveying Profession, established in terms of the Quantity Surveying Profession Act No 49 of 2000  compliance with the framework and regulations established by the Higher Education Quality Committee of the CHE, which includes the appointment of accredited / registered external Unit Stdd: 41 2 Understand the basic principles of urban land economics and property development examiners / assessors who are external to the provider  assessment of competence by professional institutions / inter-disciplinary fraternal associations</p><p>RANGE STATEMENTS</p><p>The scope of this Unit Standard is related to the performance of work typically undertaken by Quantity Surveyors and which newly-qualified persons are expected to demonstrate in their places of employment, including the ability to a) understand the basic principles of urban land economics and their application in South Africa b) understand the basic principles of property development in South Africa c) understand the basic principles of property management d) understand the basic principles of property marketing</p><p>ESSENTIAL EMBEDDED KNOWLEDGE</p><p>Refer to Specific Outcomes and related Assessment Criteria</p><p>The specific outcomes of this Unit Standard relate to fields of economic activity other than Quantity Surveying, thereby providing career-path options leading to a variety of employment opportunities, for example in . banking . capital allowances and tax advice . construction management . contract surveying . education and training . environmental management . equipping / refurbishment / management e g commercial / retail enterprises and hospitality / tourism industry . facilities management . housing . information technology . mining . project management . property brokerage . property development . property valuation . real estate management . shipbuilding and maintenance . specification writing . urban and regional planning</p><p>NOTES / SUPPLEMENTARY INFORMATION</p><p>Refer to foregoing range statements. Qualifying learners are expected to demonstrate their skills (in terms of Assessment Criteria) within time limits which are acceptable to Assessors / Moderators, relative to the scope of task / assignment production and overall quality of performance </p><p>Unit Stdd: 41 3 Understand the basic principles of urban land economics and property development</p>