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:

Postgraduate Diploma in Property Development and Management

SAQA QUAL ID	QUALIFICATION TITLE
13908	Postgraduate Diploma in Property Development and Management
ORIGINATOR
University of Witwatersrand
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY			NQF SUB-FRAMEWORK
The individual Primary or Delegated Quality Assurance Functionary for each Learning Programme recorded against this qualification is shown in the table at the end of this report.			HEQSF - Higher Education Qualifications Sub-framework
QUALIFICATION TYPE	FIELD		SUBFIELD
Postgraduate Diploma	Field 12 - Physical Planning and Construction		Building Construction
ABET BAND	MINIMUM CREDITS	PRE-2009 NQF LEVEL	NQF LEVEL	QUAL CLASS
Undefined	120	Level 7	NQF Level 08	Regular-Provider-ELOAC
REGISTRATION STATUS		SAQA DECISION NUMBER	REGISTRATION START DATE	REGISTRATION END DATE
Registered		EXCO 0733/25	2024-06-30	2027-06-30
LAST DATE FOR ENROLMENT		LAST DATE FOR ACHIEVEMENT
2028-06-30		2031-06-30

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

PURPOSE AND RATIONALE OF THE QUALIFICATION

Purpose:
The qualifying learner can apply a core of advanced knowledge in a specialised area to property development and management problems and can bring this to bear in the development of the South African property industry.

The qualification provides the professionally qualified learner to develop specialised skills, knowledge, and values which will allow him/her to be an authority in the field of property development and management.

Rationale:
Of all the business areas in the built environment in South Africa, the real estate sector is the least professionalised. Access to estate agency and brokerage, as well as property valuation, is regulated with well-defined educational and work experience requirements. Business areas like property finance, development, property, and asset management are not regulated by any national body. A consequence is variations in the quality of business services offered in the sector. This is problematic as the sector has seen significant business failures that have now been worsened by the pandemic. The ability of the sector to recover and the economic recovery of cities like Johannesburg will partly depend on the skills base of the sector.

In addition, the demographic profile of the sector does not reflect the demographic profile of the country. This is partly due to the relative scarcity of real estate qualifications in the country. Currently, there are no real estate qualifications in provinces like KwaZulu-Natal, Mpumalanga, Limpopo, Northern Cape, and Northwest. The scarcity of qualifications also manifests itself in the scarcity of skills, especially in state-owned institutions like the Department of Public Works and Infrastructure.

The qualification will produce graduates who will pursue careers in both the public and private sectors in valuation, property and asset management, finance, investments, housing, commercial property development, facility management, and self-employment in housing development.

This qualification also offers an opportunity for students to meet the changed educational demands of the South African Council for Property Valuers Professions (SACPVP) for aspiring professional property valuers and create a new pipeline of young professionals who can replace a generation of ageing property valuers

The acceptance of this programme as satisfying the educational requirements for the Institute of Real Estate Management (IREM) has opened the door to professionalising property management in the country.

Qualifying learners may be ineligible to study further at a Master's level. It also adds value to the learner through enhanced career opportunities and through increased status within the property industry and recognition in the wider communit.

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

Recognition of Prior Learning
The institution has an approved Recognition of Prior Learning (RPL) policy which is applicable with regards to equivalent qualifications for admission into the qualification. RPL will be applied to accommodate applicants who qualify. RPL thus provides alternative access and admission to qualifications, as well as advancement within qualifications. RPL may be applied for access, credits from modules and credits for or towards the qualification.

RPL for access:

Learners who do not meet the minimum entrance requirements or the required qualification that is at the same NQF level as the qualification required for admission may be considered for admission through RPL.

To be considered for admission in the qualification based on RPL, applicants should provide evidence in the form of a portfolio that demonstrates that they have acquired the relevant knowledge, skills, and competencies through formal, non-formal and/or informal learning to cope with the qualification expectations should they be allowed entrance into the qualification.

RPL for exemption of modules

Learners may apply L via the CAT policy to be exempted for modules that form part of the qualification. For a learner to be exempted from a module, the learner needs to provide sufficient evidence in the form of a portfolio that demonstrates that competency was achieved for the learning outcomes that are equivalent to the learning outcomes of the module.

Entry requirements:
The minimum entry requirement for this qualification is:

Bachelor of Architecture, NQF Level 7.
Or

Bachelor of Architectural Studies, NQF Level 7.
Or

Bachelor of Science in Quantity Surveying, NQF Level 7.
Or
ż Bachelor of Science in Urban and Regional Planning, NQF Level 7.
Or

Bachelor of Science in Building, NQF Level 7.
Or

Bachelor of Science in Construction Management, NQF Level 7.
Or

Bachelor of Science in Engineering, NQF Level 7.
Or

Bachelor of Commerce, who has passed three modules in Economics or Business Economics, NQF Level 7.

RECOGNISE PREVIOUS LEARNING?

QUALIFICATION RULES

This qualification consists of the following compulsory modules at National Qualifications Framework Level 8 totalling 150 Credits.

Compulsory Modules, Level 8, 150 Credits:
Property Development and Management stream:

Real Estate Finance, 10 Credits

Real Estate Market Analysis, 10 Credits

Commercial Real Estate Investments, 10 Credits

Quantitative Methods in Property Studies, 20 Credits

Law for Property Development and Management I, 10 Credits

Law for Property Development and Management II, 10 Credits

Applied Macroeconomics, 10 Credits

Real Estate Valuation, 10 Credits

Real Estate Development, 10 Credits

Management and Leadership for the Property Sector, 20 Credits

Real Estate Brokerage, 10 Credits

Real Estate and Asset Management, 20 Credits
Or
Compulsory Modules, Level 8, 150 Credits:
Facilities Management stream:

Real Estate Finance, 10 Credits

Real Estate Market Analysis, 10 Credits

Commercial Real Estate Investments, 10 Credits

Introduction to Facilities Management, 10 Credits

Building Services, 10 Credits

Strategic Planning, 10 Credits

Commercial/Procurement Law, 10 Credits

Space and Workplace Management, 10 Credits

Information Technology in Facilities Management, 10 Credits

Project Management in Facilities Management, 10 Credits

Environmental Management, 10 Credits

Occupational Health and Safety, 10 Credits

Advanced Facilities Management, 10 Credits

Real Estate and Asset Management, 20 Credits

EXIT LEVEL OUTCOMES

1. Analyse property markets for valuation, investment, property and asset management as well as for development purposes.
2. Evaluate the economic feasibility of property developments, prospective investment acquisitions, and properties under management.
3. Collect, analyse, and present data for business decisions.
4. Lead and manage themselves, others, and groups.
5. Communicate professional decisions orally and in writing in the field of property investments, property management, real estate brokerage, and property valuation.

ASSOCIATED ASSESSMENT CRITERIA

Associated Assessment Criteria for Exit Level Outcomes 1:

Carry out market analyses and use them to write investment reports, property management plans, development feasibility studies, and valuation reports.

Present reports orally in a business setting

Associated Assessment Criteria for Exit Level Outcomes 2:

Display understanding of ethics when conducting economic feasibility of property development and management.

Build financial decision models to assess the profitability of investments, prospective acquisitions, and developments

Evaluate, apply, and develop existing and new financial, planning, technological, and management approaches where appropriate to the area of study,

Associated Assessment Criteria for Exit Level Outcomes 3:

Apply the tools of statistical analysis to set up small-scale empirical projects and transfer the analytical skills into computations involved in property market analysis.

Write business reports that show the outcomes of statistical analysis of business data

Select, apply, evaluate, and/or develop the most appropriate specialised techniques to the solution of problems

Associated Assessment Criteria for Exit Level Outcomes 4:

Participate in teamwork, management issues, and negotiate to achieve solutions to a variety of issues related to property development and investments, as well as facilities management and maintenance.

Use appropriate, effective techniques to elicit or obtain information for issues related to property development and management

Demonstrate self-awareness of how to manage personal stress, manage teams and interpersonal conflict, and lead change
within property organisations.

Demonstrate leadership in advanced problem-solving

Demonstrate ability to work with others in a team

Engage in lifelong learning and hold lifelong learning as a professional value

Associated Assessment Criteria for Exit Level Outcomes 5:

Analyse and produce feasibility, investment, and valuation reports.

Write and present property management plans

Write and present a small-scale empirical research project

Communicate effectively in any medium

INTEGRATED ASSESSMENT
Qualifications in valuation, development, and property management use and integrate prior knowledge in market analysis, investment, finance, and law to formulate management plans, valuation reports, and feasibility studies. The requirement to write and present these reports implies that each of these course projects tests knowledge and skill integration across multiple sub-fields. In addition, graduates' teamwork and communication skills are tested simultaneously in these courses, which assures their work readiness.

To promote, monitor, and measure learner learning throughout a course, no single assessment may count for more than 40% of the final mark unless there are special circumstances, in which case the permission of the Dean is required.

INTERNATIONAL COMPARABILITY

Internationally, Property Development and Management postgraduate qualifications are offered predominately from Master's degrees. Although they are offered at the Master's, some content is similar to the South African, Postgraduate Diploma qualification. Below are a few qualifications that are comparable with this Postgraduate Diploma:

Country: USA
Institution: Georgia State University
Qualification Title: MSc Commercial Real Estate

Similarities: Both qualifications cover asset management, investments, finance, development, law, market analysis and modelling content.

Differences: The MSc at Georgia State University takes 12 months (3 semesters) while Postgraduate Diploma (PgDip) in Property Development & Management (PDM) takes 2 years (4 semesters). The curriculum at Georgia State University is underpinned by the following streams; (i) business administration (asset management, investments and financing), quantitative methods (modelling), real estate (market analysis, case analysis and development), law (law & negotiations, and foundations) and entrepreneurship. While the PgDip is anchored on the following streams; (i) law (law for property development & management I, law for property development & management II and real estate brokerage), business administration (commercial real estate investments, real estate finance, real estate & asset management), real estate (real estate market analysis, real estate valuation and real estate development), quantitative methods (quantitative methods for property studies and applied macroeconomics) and management & leadership for the property sector. In terms of NQF level, the MSc would be 9, while PgDip PDM is level 8.

Country: Singapore
Institution: National University of Singapore
Qualification Title: MSc Real Estate

Similarities:
Both programmes, covered business administration and law stream modules, in particular. Finance and investments modules. Some of the modules that are offered as a stand-alone modules by NUS, such as real estate securitisation, form part of real estate finance in the Postgraduate Diploma in Property Development & Management.

Differences:
The MSc at the National University of Singapore takes 12 months (4 semesters) while Postgraduate Diploma (PgDip) in Property Development & Management (PDM) takes 2 years (4 semesters). The curriculum at the National University of Singapore is underpinned by the following streams; (i) business administration (real estate investment, real estate finance, investment trusts & property funds, portfolio & asset management, real estate securitisation, and real estate economics), real estate (real estate development, real estate appraisal, urban policy& real estate markets, sustainable real estate development & investments, Asian real estate markets & field study, real estate case study, law (real estate taxes & statutory valuation) and analytics (geographic information systems & cartography, and data analytics in real estate). While the PgDip is anchored on the following streams; (i) law (law for property development & management I, law for property development & management II and real estate brokerage), business administration (commercial real estate investments, real estate finance, real estate & asset management), real estate (real estate market analysis, real estate valuation and real estate development), quantitative methods (quantitative methods for property studies and applied macroeconomics) and management & leadership for the property sector. In terms of NQF level, the MSc would be 9, while PgDip PDM is level 8.

Country: Scotland
Institution: University of Aberdeen
Qualification Title: MSc Real Estate (Commercial Option) and MSc Real Estate (International Option).
The first speciality is tailor-made for graduates who have an interest in chartered surveying profession-valuation, property and management, while the second option has strong links with the economics, finance and management disciplines.

Similarities:
Both qualifications from different universities, covered real estate modules, in particular, finance and investments modules.

Differences:
Both master's degrees at Aberdeen are either 12 months (full-time) or 24 months (part-time), while PgDip is offered over 24 months, irrespective of full-time or part basis. The MSc (international Option) is underpinned by the following pillars of knowledge; (i) law (property law and institutions), business administration (valuation & finance, real estate economics and real estate finance) real estate (corporate real estate and advanced valuation & development), "sociology" (getting started at University of Aberdeen), management (strategic marketing), and optional modules (either Asian studies, internship or dissertation). The MSc (Commercial Option), covers the same as the MSc (International Option), except for optional modules, the learner has only two options-dissertation or internship. The PgDip is anchored on the following streams; (i) law (law for property development & management I, law for property development & management II and real estate brokerage), business administration (commercial real estate investments, real estate finance, real estate & asset management), real estate (real estate market analysis, real estate valuation and real estate development), quantitative methods (quantitative methods for property studies and applied macroeconomics) and management & leadership for the property sector. In terms of NQF level, the MSc would be 9, while PgDip PDM is level 8. On the other hand, the Postgraduate Diploma in Property Development & Management combines modules in the two master's programmes.

ARTICULATION OPTIONS

This qualification offers both possibilities of horizontal, vertical and diagonal articulation.

Horizontal articulation:

Bachelor of Science Honours in Property Studies, NQF Level 8.

Bachelor of Commerce Honours in Property Valuation and Management NQF Level 8

Bachelor of Science Honours in Property Development in Construction Management NQF Level 8

Bachelor of Science Honours in Property Development in Quantity Surveying NQF Level 8

Postgraduate Diploma in Construction Management, NQF Level 8

Vertical articulation:

Master of Science in Building, NQF Level 9.

Master of Science in Property Studies, NQF Level 9.

Diagonal Articulation

Specialised Occupational Diploma: Professional Construction Project Manager, NQF Level 8.

MODERATION OPTIONS

Internal University requirements govern how and by whom moderation is performed. For example, external examiners are appointed. Such moderation seeks, inter alia, to ensure that, where appropriate, our graduates will be able to comply with professional and statutory requirements. Further, whether an academic entity has a professional orientation or not, the University ensures that its activities are moderated by internal and external review quinquennially. The moderating body for qualifications of the University is the Higher Education Quality Committee of the Council on Higher Education, currently represented by the Interim Higher Education Quality Committee.

CRITERIA FOR THE REGISTRATION OF ASSESSORS

Internal University quality requirements govern how and by whom assessment may be performed to ensure that assessors have the competence required to assess a qualification of this nature. Once the Higher Education Quality Committee of the Council on Higher Education is constituted and ready to pronounce on issues of quality, the University will respond to the HEQC guidance on the registration of assessors. In the interim, the academic staff of the University of the Witwatersrand, Johannesburg, are regarded as registered assessors since SAQA has registered the institution as a public higher education provider.

REREGISTRATION HISTORY

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

NOTES

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LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION:

LP ID	Learning Programme Title	Originator	Pre-2009 NQF Level	NQF Level	Min Credits	Learning Prog End Date	Quality Assurance Functionary	NQF Sub-Framework
115588	Postgraduate Diploma in Building Surveying	University of Witwatersrand	Not Applicable	NQF Level 08	120			HEQSF
115586	Postgraduate Diploma in Construction Design Management	University of Witwatersrand	Not Applicable	NQF Level 08	120			HEQSF
115589	Postgraduate Diploma in Construction Procurement	University of Witwatersrand	Not Applicable	NQF Level 08	120			HEQSF
115584	Postgraduate Diploma in Corporate Real Estate	University of Witwatersrand	Not Applicable	NQF Level 08	120			HEQSF
115585	Postgraduate Diploma in Project Management	University of Witwatersrand	Not Applicable	NQF Level 08	120			HEQSF
115587	Postgraduate Diploma in Real Estate	University of Witwatersrand	Not Applicable	NQF Level 08	120			HEQSF

PROVIDERS CURRENTLY ACCREDITED TO OFFER THESE LEARNING PROGRAMMES:

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.

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