CONFIDENTIAL APIJUN 2015/RES411 UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION COURSE : INTRODUCTION TO PROPERTY VALUATION COURSE CODE RES411 EXAMINATION JUNE 2015, TIME 3 HOURS INSTRUCTIONS TO CANDIDATES 1 This question paper consists of two (2) parts: PART A (3 Questions) PART B (3 Questions) 2 ‘Answer four (4) questions only. Answer Question 1 and one (1) other question from PART A and two (2) questions from PART B in a separate Answer Booklet. Start each answer on a new page 3 Do not bring any material into the examination room unless permission is given by the invigilator. 4 Please check to make sure that this examination pack consists of i) the Question Paper ji) two Answer Booklets — provided by the Faculty 5 ‘Answer ALL questions in English. DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO This examination paper consists of 4 printed pages © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL,CONFIDENTIAL 2 APIJUN 2015/RES411 PARTA QUESTION 1 ‘Without using Parry's Valuation Tables, solve the following problems by showing suitable calculations. a) i) If Amount of RM1 for 12 years @ 8% is 2.5181, calculate the Years Purchase for 12 years @ 8%. (3 marks) ii) Hf Annual Sinking Fund for 20 years @ 6.5% is 0.02576, calculate the Amount of RM er annum for 20 years @ 6.5%. (3 marks) ii If Present Value of RM1 for 8 years @ 6% is 0.6274, calculate the Annual Sinking Fund for 8 years @ 6%. (4 marks) Enckk Muhammad Farish purchased a double storey bungalow house at Seksyen 7, ‘Shah Alam for RM500,000. Calculate the installment payable per month if he obtained 80% loan for 20 years with fixed interest rate of 8% per annum from Maybank Berhad. b) (5 marks) ©) The owner of a freehold property will receive net income of RM5,000 per annum commencing in 5 years’ time. Assuming a return of 7%, calculate the value of his interest ‘on the property. (marks) d) ABMW 3 Series car was recently bought at a price of RM230,000. The depreciation rate is estimated at 10% per annum. Calculate the value of the car after 10 years and at what year the car be worth a value of RM5,0007 (6 marks) QUESTION 2 @) Give five (5) benefits of Torrens Systems in this country as practiced by the respective Sate Authority. (10 marks) b) Distinguish the following: i) Final Title and Qualified Title. (5 marks) il) Registry Office Title and Land Office Title. (5 marks) ii) Express condition and Category of land use in a title document. (5 marks) (© Hak Cipta Universiti Teknologi MARA, CONFIDENTIALCONFIDENTIAL 3 APIJUN 2015/RES411 QUESTION 3 a) “Valuation is neither arts nor science. It is a combination of arts and science.” Interpret why property valuer need the elements of “Arts and Science” when valuing the property. (7 marks) b) Discuss the roles and functions of valuer in the Department of Valuation and Property Services under Ministry of Finance. (10 marks) ©) Describe the career opportunities for Estate Management graduates in the private sector. (8 marks) (© Hak Cipta Universiti Teknologi MARA CONFIDENTIALCONFIDENTIAL 4 APIJUN 2015/RES411 PART B QUESTION 1 a) State and elaborate the meaning of market value, (10 marks) b) Discuss the meaning and the differences of price, cost and value. ( marks) ¢) Discuss three (3) factors which can influence the property values. (10 marks) QUESTION 2 a) Determine what an ideal investment is. (10 marks) b) Investors are usually in favour of general investment as compared to landed properties. Briefly explain five (5) of these differences which make the general investment more attractive than landed property. (15 marks) QUESTION 3 a) Interpret four (4) types of outgoings in property valuation. (10 marks) b) Explain a suitable method to value the following properties: i) Amosque ii) A petrol station which is still in operation iii) A vacant bungalow lot in Shah Alam iv) A two-storey shop house in Kajang v) Hotel Concorde Shah Alam (15 marks) END OF QUESTION PAPER (© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL