CONFIDENTIAL e) APIJUN 2016/RES411 (SA SS UNIVERSITI TEKNOLOGI MARA. FINAL EXAMINATION COURSE INTRODUCTION TO PROPERTY VALUATION COURSE CODE RES411 EXAMINATION JUNE 2016 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 : ') 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 2016/RES411 PARTA QUESTION 1 Solve the following problems by showing appropriate calculations. a) i) If Present Value of RM1 for 10 years @ 10% is 0.3855, 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 Amount of RM1 per annum for 15 years @ 7%. (3 marks) ill) If the Amount of RM1 for 20 years @ 9% is 5.6044, calculate the Years Purchase for 20 years @ 9%. (3 marks) b) Acar was recently bought at a price of RM180,000. The depreciation rate is estimated at 9% per annum. Calculate the value of the car after 5 years. At what year the car be worth a value of RM10,000? (5 marks) ©) The owner of a freehold property will receive net income of RM15,000 per annum commencing in 3 years’ time. Assuming a return of 8%, calculate the value of his interest on the property. (6 marks) d) Encik Harun purchased a single storey bungalow house at Seksyen 8, Shah Alam for RM1,500,000. Calculate the installment payable per month if he obtained 90% loan from RHB Bank Bhd for 25 years with a fixed interest rate of 8% per annum. (5 marks) QUESTION 2 a) List ten (10) of the contents available in the land title under National Land Code 1965 (Amended). (10 marks) b) Explain on the following: i) Freehold interest and Leasehold interest in property. (7 marks) ii) Land under Section 5, National Land Code 1965 (Amended). (8 marks) (© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL,CONFIDENTIAL 3 APIJUN 2016/RES411 QUESTION 3 a) Explain briefly five (5) contents available in a normal valuation report according to Malaysia Valuation Standard (MVS). (10 marks) b) Identity three (3) types of valuation purposes normally carried out by government valuer in Valuation and Property Services Department (VPSD), Ministry of Finance, Malaysia. (9 marks) ©) List four (4) types of properties with suitable examples (8 marks) (© Hak Cipta Universiti Teknologi MARA, CONFIDENTIALCONFIDENTIAL 4 APIJUN 2016/RES411 PARTB QUESTION 1 a) Distinguish the meaning of price, cost and value by giving suitable examples. (9 marks) b) List two (2) types of value. (2 marks) c) Explain two (2) characteristics of property (4 marks) d) Discuss five (5) factors which can influence property values. (10 marks) QUESTION 2 a) Briefly definition of investment. (2 marks) b) “An ideal investment means an investment with qualities”. Briefly explain four (4) of these investment qualities, (8 marks) c) Encik Anas Mikael is interested to spend his money for investment. He is considering a few investment options before making his decision. Identify five (5) suitable types of investments for Encik Anas and justify your answers. (15 marks) QUESTION 3 a) Write a definition of property outgoings. (2 marks) b) Identify four (4) types of outgoings related to property. (8 marks) ) Determine any three (3) methods of valuation commonly used to value a property. (15 marks) END OF QUESTION PAPER © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL,