Executive conclusion
Supportable Land Acquisition Position
The raw residual is retained without clamping. A negative result is a deficit against the target return, not a zero land value.The entered assumptions and land terms passed the validation checks.
Acquisition recommendation
The residual indication is above the comparable evidence. Maintain bidding discipline and investigate evidence quality.
Basis of conclusion
| Development basis | 155,000 m² GFA / BUA |
| Target developer profit | 20.0% of GDV |
| Land structure tested | Outright purchase |
| Comparable cross-check | EGP 1,450,000,000 |
| Residual variance | +45.8% |