FMT306: Strategic Asset Property & Facilities Management Assignment Question 1 Urban & Redevelopment Authority has launched a site in Marina Gardens Crescent.

FMT306: Strategic Asset Property & Facilities Management Assignment
Question 1

Urban & Redevelopment Authority has launched a site in Marina Gardens Crescent.

Link to the Marina South site:
https://www.ura.gov.sg/maps/?service=GLSRELEASE&site=1004
(You may refer to the Appendices uploaded in Canvas)
As the asset manager, appraise and compute the minimum bid price for the land (round up to the nearest hundred thousand) with the following conditions:
Internal rate of return must be between 10% to 11%.