Property Development Costs definition

Property Development Costs means the total project costs borne and to be borne by SF
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Property Development Costs means the total project costs borne and to be borne by the Trust in respect of the Property Development and Related Activities;”
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Property Development Costs means the total project costs borne and to be borne by the Trust in respect of the Property Development and Related Activities, inclusive of the costs for acquisition of land (if any) and the development or construction costs and financing costs;” 7. Clause 19.2(a) of the Trust Deed be amended as follows:
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Examples of Property Development Costs in a sentence

  • These costs are reclassified to Property Development Costs account when the development of the property starts.

  • These are considered key sources of estimation and uncertainty and may cause significant adjustments to the Group’s Residential and Condominium Units for Sale and Property Development Costs within the next financial year.

  • In addition, under the REIT Code Amendments, the Maximum Cap, which is 25% of the GAV of the REIT, is applicable to the combined value of the Aggregate Property Development Costs together with all Non-qualified Minority-owned Properties, Relevant Investments, and other ancillary investments of the REIT.

  • The upfront calculation of Property Development Costs and where necessary any subsequent increase should be based on a fair estimate made by the management company in good faith and supported by the opinion of an independent expert acceptable to the Commission.

  • Notes: (1) Property Development Costs refers to the total project costs borne and to be borne by the scheme, inclusive of the costs for the acquisition of land (if any), and the development or construction costs and financing costs.

  • Property Development Costs and Revenue RecognitionProperty development costs comprise costs associated with the acquisition of land and all costs directly attributable to development activities or costs that can be allocated on a reasonable basis to these activities.When the outcome of the development activity can be estimated reliably, property development revenue and expenses are recognised by using the percentage of completion method in respect of sales where agreements have been finalised.

  • SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT’D) 2.3 Significant Accounting Policies (Cont’d) 2.3.14 Property Development Activities (Cont’d) (ii) Property Development Costs (Cont’d) Any expected loss on a development project, including costs to be incurred over the defects liability period, is recognised as an expense immediately.

  • Property Development Costs (ii) 7,521 19,265 At Cost:Completed properties units for saleGood-in-transit Work-in-progressSpares, supplies and consumables 6,21736,17333122,9032,32839399,490 38,542 At Net Realisable Value:Raw materials Finished goods 1,4051,6033,4743,5924,879 5,195 14,369 43,737 Total 21,890 63,002 During the financial period, inventories recognised as an expense in profit or loss of the Group wasRM107.9 million (30.6.2020: RM28.2 million).

  • Costs incurred by the Group for these projects are recorded under the Property Development Costs account in the consolidated statements of financial position (see Note 2.6).

  • Significant Accounting Policies (Cont'd)(k) Property Development Activities (Cont'd)(ii) Property Development Costs (Cont'd)When the financial outcome of a development activity can be reliably estimated, the amount of property revenue and expenses recognised in profit or loss are determined by reference to the stage of completion method.


More Definitions of Property Development Costs

Property Development Costs. ’ means the total project costs borne and to be borne by the Trust in respect of the Property Development and Related Activities and includes the costs for the acquisition of land (if any), development and construction costs and financing costs;
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Property Development Costs means the total project costs borne and to be borne by the Trust in relation to a property development project, inclusive of all costs associated with such project, including, where applicable, the costs for the acquisition of land, development or construction costs and financing costs;”
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Property Development Costs means, without duplication of Property Operating Costs, all reasonable and customary costs actually incurred in connection with the construction of the Improvements and development of the Property as contemplated in Section 3.1(n) and the Proforma as Land - Acquisition Fee; Building Shell; Tenant Improvements; Interior Finishout; Furniture, Fixtures and Equipment; Garage and Parking; Plazas; Hardscape; Landscape; Development Fee/Overhead; Architectural/Structural/MEP/-Civil and other consultants; Tstg/Stds/Cnslts/Permit Cnslt; Construction Management Fee; Real Estate Taxes/Insurance; Leasing Commissions; Legal / Accounting; City Fees; Reimbursables; Marketing; Hotel Soft Costs; and Title Costs.
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Property Development Costs means the total project costs borne and to be borne by the Trust in respect of the Property Development and Related Activities;” 7. A new Clause 6.2A shall be inserted immediately after Clause 6.2 of the Principal Deed as follows:
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Related to Property Development Costs

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Total Development Cost means the total of all costs incurred in the completion of a Development, all of which shall be subject to the review and approval by the Credit Underwriter and the Corporation pursuant to this rule chapter, and as further described in Rule 67-48.0075, F.A.C.

  • Public improvement costs means the costs of:

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Ongoing Project means a multi-year project undertaken by a Company in fulfilment of its CSR obligation having timelines not exceeding three years excluding the financial year in which it was commenced, and shall include such project that was initially not approved as a multi-year project but whose duration has been extended beyond one year by the board based on reasonable justification;

  • Development Charges or “DC” shall mean the amount charged by the Company from the Applicant(s) towards carrying out the developmental works inside or around the Project, including but not limited to the payment of the following:

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • Redevelopment Project Area means an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or a blighted area or a conservation area, or a combination of both blighted areas and conservation areas.

  • Development Project means a project for the development of land within a

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Original Project Cost means the capital expenditure incurred by the Generating Company or the Transmission Licensee, as the case may be, within the original scope of the project up to the cut-off date as admitted by the Commission;

  • Infrastructure Improvements means a street, road, sidewalk, parking facility, pedestrian mall, alley, bridge, sewer, sewage treatment plant, property designed to reduce, eliminate, or prevent the spread of identified soil or groundwater contamination, drainage system, waterway, waterline, water storage facility, rail line, utility line or pipeline, transit-oriented development, transit-oriented property, or other similar or related structure or improvement, together with necessary easements for the structure or improvement, owned or used by a public agency or functionally connected to similar or supporting property owned or used by a public agency, or designed and dedicated to use by, for the benefit of, or for the protection of the health, welfare, or safety of the public generally, whether or not used by a single business entity, provided that any road, street, or bridge shall be continuously open to public access and that other property shall be located in public easements or rights-of-way and sized to accommodate reasonably foreseeable development of eligible property in adjoining areas. Infrastructure improvements also include 1 or more of the following whether publicly or privately owned or operated or located on public or private property:

  • Tenant Inducement Costs shall not include loss of income resulting from any free rental period, it being agreed that Seller shall bear the loss resulting from any free rental period until the date of Closing and that Purchaser shall bear such loss from and after the date of Closing.

  • Infrastructure improvement means permanent infrastructure that is essential for the public health and safety or that:

  • Redevelopment project means any work or undertaking

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Development Property means a Property currently under development for use as an office or industrial building that has not become a Stabilized Property, or on which the improvements (other than tenant improvements on unoccupied space) related to the development have not been completed, provided that such a Development Property on which all improvements (other than tenant improvements on unoccupied space) related to the development of such Property have been completed for at least twelve (12) months shall cease to constitute a Development Property notwithstanding the fact that such Property has not become a Stabilized Property.

  • Minimum Improvements means the acquisition of land and construction of a 64-unit market rate residential apartment building and related improvements. The Minimum Improvements are more fully depicted in Exhibit B, which is attached hereto and incorporated herein.

  • Project Improvements means site improvements and facilities that are:

  • Building Operating Expenses means the portion of "Operating Expenses," as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.

  • Project Expenses means usual and customary operating and financial costs. The term does not include extraordinary capital expenses, development fees and other non-operating expenses.

  • The Works/Project means the works to be executed or done under this contract.

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.