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 QUALIFICATION THAT HAS PASSED THE END DATE:

Postgraduate Diploma: Property Studies

SAQA QUAL ID	QUALIFICATION TITLE
11695	Postgraduate Diploma: Property Studies
ORIGINATOR
University of Cape Town
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY			NQF SUB-FRAMEWORK
CHE - Council on Higher Education			HEQSF - Higher Education Qualifications Sub-framework
QUALIFICATION TYPE	FIELD		SUBFIELD
Postgraduate Diploma	Field 12 - Physical Planning and Construction		Physical Planning, Design and Management
ABET BAND	MINIMUM CREDITS	PRE-2009 NQF LEVEL	NQF LEVEL	QUAL CLASS
Undefined	140	Level 7	Level N/A: Pre-2009 was L7	Regular-Provider-ELOAC
REGISTRATION STATUS		SAQA DECISION NUMBER	REGISTRATION START DATE	REGISTRATION END DATE
Passed the End Date - Status was "Reregistered"		SAQA 06120/18	2018-07-01	2018-12-31
LAST DATE FOR ENROLMENT		LAST DATE FOR ACHIEVEMENT
2019-12-31		2022-12-31

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 qualification does not replace any other qualification and is not replaced by any other qualification.

PURPOSE AND RATIONALE OF THE QUALIFICATION

The first purpose of the programme is to provide qualifiers with post-graduate-level knowledge, specific skills and applied competence in property development and management that provide a foundation for further intellectual development and opportunities for gainful employment and rewarding contributions to society.

The second purpose of the programme is to enhance the body of knowledge pertaining to property valuation, development and management in South Africa through the pursuance of research based enquiry and dissemination, via dynamic postgraduate courses.

The third purpose of the qualification is to provide the property development and management professions in South Africa with graduates who possess contextually specific advanced skills that equip them for management positions.

The fourth purpose of the programme is twofold. In the first instance it caters for the demand for Masters-level study from mature and experienced students who do not possess the usual requisite honours-level entry qualification. In this sense it provides an 'on-ramp' whereby candidates who successfully complete the taught modules may apply to upgrade to the MSc in Property Studies programme. In the second instance it allows students on the MSc programme to change their registration and terminate their studies with the award of the Postgraduate Diploma after successful completion of the six modules. In this sense the Postgraduate Diploma provides an 'off-ramp' for Masters students who would otherwise have had to drop out if circumstances had prevented them from completing the Research Report.

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

Senior Certificate with Matriculation Exemption or equivalent university admission qualification.

In addition, the applicant should hold an undergraduate qualification of at least three years duration or, alternatively, should be computer literate and have at least ten years work experience in the property industry or in a closely related field.

First degree:
BSc or equivalent

RECOGNITION OF PRIOR LEARNING

A candidate shall be admitted to the degree if he or she has in any other manner attained a level of competence (e.g. through appropriate work experience) deemed to be adequate for the purpose of admission.

RECOGNISE PREVIOUS LEARNING?

EXIT LEVEL OUTCOMES

(a) Critical cross-field outcomes (generic to all teaching and learning)
Graduates of the programme are able to:

1. Identify and solve problems
2. Work in groups/teams
3. Organise him/herself and activities
4. Frame research questions, identify, collect and collate data from primary and secondary sources and apply quantitative analysis methods.
5. Communicate orally and in written reports.
6. Identify and pursue a variety of effective learning strategies.
7. Explore education and career opportunities.
8. Identify and take advantage of entrepreneurial opportunities.

(b) General outcomes (contextually demonstrate general knowledge, skills and values of the programme)
Graduates of the programme are able to:
1. compute various mathematical functions including financial analysis and undertake basic statistical tests
2. use appropriate problem solving methods, skills and tools, which include the use of computer packages, for computation, analysis, modelling, simulation, and information handling.
3. understand the time value of money and its application to capitalisation.
4. undertake investigations and data analysis
5. appreciate the need to embrace a code of professional ethics; to exercise judgement commensurate with knowledge and experience in professional practice; and to understand key issues regarding professional liability.

(c) Specific Outcomes, including professional outcomes, contextually demonstrated
Graduates of the programme are able to:

1. analyse urban land markets and the factors affecting the supply and demand of urban land.
2. interpret and apply knowledge of the law relating to real property in South Africa within the context of property valuation, development and management.
3. value various types of properties using a variety of methods.
4. prepare proposals for the financing of property developments.
5. evaluate and compare competing property development proposals, taking into account environmental impact issues, risks, marketing and whole life appraisal, and plan their implementation.
6. evaluate corporate facilities requirements at both the strategic and operational levels and develop a Facilities Management plan for an organisation.
OR
Manage a portfolio of properties, including shopping centres.

ASSOCIATED ASSESSMENT CRITERIA

(a) assessment tests the student's ability to:
1. Argue the existence of a problem and to select and apply an appropriate means of solving it.
2. Develop productive working relationships with other team members.
3. Plan and schedule individual and group work and meet deadlines.
4. Conduct research associated with assignment work, including: performing a literature search and writing a literature review; developing an argument; and drawing conclusions.
5. Produce written reports and present research findings orally.
6. Select an appropriate learning method for assignment work.

(b) Assessment tests the student's ability to:
1. apply knowledge of finance and appraisal to problems involving selecting between competing investments; apply statistical knowledge to the characterisation and interpretation of data sets.
2. demonstrate a good working knowledge of analytical methods, as well as a high level of computer literacy.
3. demonstrate an understanding of the foundations of business finance and apply this knowledge in managing and financing working capital.
4. translate a property development and management problem into a well-planned solution that is devised to provide quantitative and qualitative data that can be analysed to provide a solution.
5. demonstrate an understanding of the relevance and importance of professional ethics, conduct and liability.

(c) Assessment tests the student's ability to:
1. demonstrate an understanding of the structure and function of urban land markets, including factors affecting supply and demand; design an economically ideal city; create a plan for establishing a property market; prepare a forecast of retail demand; and evaluate the advantages and disadvantages of densification.
2. demonstrate an understanding of: the South African legal system and South African Law in general; the general principles of contract law, sale and lease contracts, forms of security, insolvency, agency and alternative dispute resolution; the Bill of Rights and its influence on land use and related legislation; the impact of environmental legislation on land ownership; and the law relating to sectional title and share block schemes.
3. demonstrate an understanding of the discipline of property valuation; and apply a variety of valuation methods to the valuation of residential, income-producing, and special properties; derive and apply capitalisation rates; and prepare valuations of insurance purposes.
4. apply knowledge of a variety of financing instruments to the property development decision-making process; and prepare comprehensive proposals for the initial and recurrent financing of property developments.
5. prepare and present detailed comparative analyses of property developments versus competing investment options; explain the environmental impact assessment process and ability to interpret and apply the relevant legislation; prepare and present feasibility studies; prepare and present a plan for the implementation of a property development, encompassing the pre-construction, construction, marketing, and operational stages; prepare risk evaluation reports.
6. apply space planning theory in optimising space usage in mixed-use commercial properties; develop a space management plan; plan, monitor and implement relocation programmes; apply the principles of value management and life cycle costing in the planning of commercial space provision; apply the principles of risk management to the decision making processes typically associated with the management of facilities; identify key issues in strategic maintenance and energy planning; compile operational maintenance plans; demonstrate an understanding of how to minimise the detrimental effects on the environment of built assets; identify key strategic and operational issues relating to outsourcing; explain the importance of benchmarking and total quality management in the management of facilities.

OR

Demonstrate an understanding of modern portfolio theory and the principles of risk management applied to property portfolios; demonstrate an understanding of the key issues associated with the management of built assets; describe the functions of the property management firm and advise on the essential elements of a management contract; analyse the effects of marketing changes to tenant selection and mix; demonstrate an understanding of property insurance; identify key issues related to the effective marketing of property and develop a marketing strategy; showing an understanding of the principles of effective shopping centre management.

INTEGRATED ASSESSMENT
Prior to taking the Property Development module, students have Urban Land Economics, Property Law, property Valuation and Property Finance. The Major Project in the Property Development module is broad in scope and requires students to draw an and apply knowledge gained in all of the preceding modules as defined in the specific outcomes numbered 1 to 5. In addition, it is necessary for students to demonstrate competence in the general and critical cross-field outcomes defined above.

ARTICULATION OPTIONS

This qualification serves as an entry point to the related qualification(s):
1. MSc in Property Studies (UCT)
2. MSc with specialisation in Real Estate (UP)

MODERATION OPTIONS

The University of Cape Town has a system of external peer review and evaluation of each course. One of the aspects of the system is an evaluation of the standards and assessment practices of the department.

CRITERIA FOR THE REGISTRATION OF ASSESSORS

The academic staff of the University of Cape Town will be used in a manner which is consistent with the quality assurance system of the University.

REREGISTRATION HISTORY

As per the SAQA Board decision/s at that time, this qualification was Reregistered in 2006; 2009; 2012; 2015.

LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION:

NONE

PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS QUALIFICATION:

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.

1.	University of Cape Town