UNIVERSITY OF HONG KONG
FACULTY OF ARCHITECTURE
Introduction

The Master of Science in Real Estate [MSc(RealEst)] programme approaches real estate from a business and economic perspective. The aims of the programme are threefold. The first aim is to introduce students to real estate assets and markets, within the overall framework of law, institutions, and urban economies. The second aim is to provide students with the theoretical insight and analytical skills to identify and evaluate real estate investment opportunities in both private and public sectors, including land development, asset management, financial market transactions (e.g. REIT), and  innovative land conversion ventures (e.g. PERE). The third aim is to equip students with the necessary management skills to understand and participate in functional and general management of enterprises active in real estate markets.

Each student must complete

  1. twelve courses including prescribed and elective courses; or
  2. nine courses including prescribed and elective courses plus a dissertation.

The prescribed courses are:

  • Economics for professionals;
  • Real estate management;
  • Land economics;
  • Planning and building development;
  • Law for the real estate and construction industry;
  • Real estate investment;
  • Project workshop (RE) or Dissertation;
  • Property valuation – principles and practices;
  • Institutional analysis for urban studies; and
  • Asset pricing theory for real estate

The elective courses can be chosen according to the choice of the following majors:

  • MSc(Real Estate)
  • MSc(Real Estate) majoring in:
    Real Estate Investment and Finance
    Urban Development

MSc(RealEst) including all its majors is recognized by RICS and the General Practice Division of HKIS.  The MSc(RealEst) programme majoring in Urban Development is additionally accredited by the Planning and Development Division of HKIS.

Learning Outcomes

After completion of the program, graduates will be able to:

  1. Communicate effectively with other related professionals in the real estate and construction industries;
  2. Apply relevant theory to practice as it applies to real estate development and investment to suit different organizational and regional contexts;
  3. Integrate relevant knowledge in real estate development and investment with other disciplines in order to enhance professional practice skills;
  4. Apply critical thinking, analytical as well as research skills to investigate issues within the real estate industry in a local, regional and global context;
  5. Implement effective development and investment strategies to real estate and construction projects.

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