Abstract:
The feasibility study of real estate project type composing of house 1 floor, 2 floors, and townhouse 100 plots in total is located on the property right No.56052 covering 20 rai 2 ngan 73 square wah. It is a case study involving land-use law and financial feasibility. The criterion used to make a decision to invest such as Net Present Value (NPV), Benefit Cost Ratio (BCR), and Internal Rate of Return (IRR). The result study shows that the layout and all of these projects are under the specification of allocation in Lampang on 2545 (or year 2002) and the building control law. According to the financial feasibility, if the sales & construction planning, the mortgage payment or the loan payment is adjusted, the value of Debt Equity ratio (D/E) can possibly be less two times in each month. The condition in the highest return and least investment is to expand time of allocation and to sell high price houses rather than selling a number of houses. The result of this condition shows that the net present value (NPV) is equal to 7,453,786 baht. Internal Rate of Return (IRR) in this project is more than minimum attractive rate of return (15%) which is equal to 24.05%. Benefit Cost Ratio (BCR) is equal to 1.1324 and the premium stock value is 4.36 baht/stock. According to the results, the compensation in this real estate project should be worth to invest.