CONFIDENTIAL APIDEC 2016/RES411 UNIVERSITI TEKNOLOGI! MARA FINAL EXAMINATION COURSE : INTRODUCTION TO PROPERTY VALUATION COURSE CODE : RES411 EXAMINATION : DECEMBER 2016 TIME 3 HOURS INSTRUCTIONS TO CANDIDATES 1. This question paper consists of two (2) parts: PART A (2 Questions) PART B (2 Questions) 2 ‘Answer ALL questions from PART A and PART B in separate Answer Bookiet. Start each answer on a new page 3 Do not bring any material into the examination room unless permission is given by the invigitator. 4, Please check to make sure that this examination pack consists of |) the Question Paper ii) 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 APIDEC 2016/RES411 PARTA QUESTION 1 Without using Parry's Valuation Tables, solve the following problems by showing appropriate calculations. a) i) If Amount of RM1 per annum for 10 years @ 10% is 15.9374, calculate the Annual Sinking Fund for 10 years @ 10%. (4 marks) ii) If Annual Sinking Fund for 15 years @ 7% is 0.0398, calculate the Present Value of RM1 per annum for 15 years @ 7%. (3 marks) ii) If the Years Purchase for 20 years @ 9% is 9.1285, calculate the Amount of RM1 per annum for 20 years @ 9%. (3 marks) b) The owner of a leasehold property will receive net income of RM18,500 per annum for 25 years. Assuming a return of 9%, sinking fund of 3% and tax 35%, calculate the interest on the property. (5 marks) ©) Pn. Khadijah purchased an intermediate single storey terrace house at Seksyen 20, Shah Alam for RM350,000. Calculate the installment payable per month if she obtained 100% loan from Ambank Islamic Bhd for 25 years with an interest rate of 6% per annum. (6 marks) d) A machine was recently purchased at a price of RM500,000. The depreciation rate is estimated at 10% per annum. Calculate the value of the machine after 10 years. At what year the machine be worth a value of RM100,000? (5 marks) (© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL,CONFIDENTIAL 3 APIDEC 2016/RES411 QUESTION 2 a) National Land Code 1965 (Amended) is the main land law in Peninsular Malaysia. Identify five (5) other acts related to the Land Administration System in Malaysia. (10 marks) b) Title search is one of the important elements in the valuation process to the property valuer. Discuss on the following: i) Private title search and Official title search. (7 marks) ii) Four (4) main contents that should be verified in the document of title (8 marks) (© Hak Cipta Universit! Teknologi MARA CONFIDENTIALCONFIDENTIAL 4 APIDEC 2016/RES411 PARTB. QUESTION 1 a) Explain four (4) qualities of good investment. (8 marks) b) Ariana Dahlia is interested to diversify her investment portfolio. Describe three (3) types of general investment suitable for her. (9 marks) ©) Discuss two (2) advantages and two (2) disadvantages of property investment. (8 marks) QUESTION 2 a) Give a definition of outgoings. (2 marks) b) Identify four (4) types of outgoings which should be taken into account in arriving at net rental value. (8 marks) ¢) Analyse the suitable approaches to value the following properties: i) Avsemi-detached house ii) Grand Bluewave Hotel, Shah Alam ii) National museum iv) A rented office building v) Avacant land with development potential (15 marks) END OF QUESTION PAPER (© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL,