CONFIDENTIAL APIJAN 2018/RES411 UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION COURSE : INTRODUCTION TO PROPERTY VALUATION COURSE CODE : RES411 EXAMINATION : JANUARY 2018 TIME : 3HOURS INSTRUCTIONS TO CANDIDATES 1 This question paper consists of two (2) parts: PART A (2 Questions) PART B (2 Questions) 2 ‘Answer ALL questions in the separate Answer Booklets. 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 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 APIJAN 2018/RES411 PARTA QUESTION 1 Without using Parry's Valuation Tables, solve the following problems by showing appropriate calculations. a) i) Ifthe Annual Sinking Fund for 15 years @ 3% is 0.0538, calculate the Present Value for 15 years @ 3%, il) What is the amount if RM100,000 invested at 5.5% for 3 years and the rate is payable half yearly? ii) If Amount of RM1 for 10 years @ 8% is 2.1589, calculate the Years Purchase for 10 years @ 8%. (10 marks) b) A bus was recently purchased at a price of RM350,000. The depreciation rate is estimated at 10% per annum. Calculate the value of the bus after 9 years and at what year will the bus be worth a value of RM200,000? (5 marks) c) Pn. Sufiah saved RM20,000 annually in 2015 with annual interest of 5%. What is the amount accumulated in the year 2030? In the year 2020, she withdraws RMS50,000 to make a renovation for her house located in Shah Alam, Selangor. Calculate the total amount accumulated in the year 2030. (5 marks) d) En. Ahmad Zakuan bought a sub-sales bungalow house in Seksyen 4, Bandar Baru Bangi, Selangor for RM2,500,000. The total of land area is about 12,500 square feet and the built-up area approximately 3,500 square feet. En. Ahmad Zakuan intends to apply loan from Ambank Islamic Sdn Bhd. If Ambank Islamic Sdn Bhd can only approved 90% loan from the purchased price, calculate the installment payable per month for En Ahmad Zakuan if the loan period is 25 years with an interest rate of 6% per annum, (S marks) (© Hak Cipta Universiti Teknologi MARA CONFIDENTIALCONFIDENTIAL 3 APIJAN 2018/RES411 QUESTION 2 a) Buying a house or any other type of property is the most important financial decision for many Malaysian. You must want to get it right. When you think you have found the ideal property, valuations can provide you an ideal of market value of the property. This will provide assurance for you, and your lending institution, that you are making the right decision. Determine three (3) other situation that you may require property valuation services besides buying a property. (10 marks) b) Valuation may be defined at the estimation of capital or rental value of the land and building as at certain time. Valuation also neither arts nor science. It is a combination of arts and science. i) Give three (3) other examples to be valued by the valuer besides land and building, ii) Discuss three (3) types of property in Malaysian real estate industry. (15 marks) (© Hak Cipta Universiti Teknologi MARA CONFIDENTIALCONFIDENTIAL, 4 APIJAN 2018/RES411 PART B QUESTION 1 a) Explain the qualities of investment. (8 marks) b) Elaborate two (2) disadvantages of property investment. (6 marks) ©) Wardah Hijaz won a 1 million ringgit challenge and she is interested to keep her money for investment purpose. Identify four (4) types of investments suitable for her. (12 marks) QUESTION 2 a) Give a definition of outgoings. (2 marks) b) Identify four (4) types of outgoings. (8 marks) ©) Explain briefly the principles of five (5) methods of valuation. (15 marks) END OF QUESTION PAPER © Hak Cipta Universiti Toknolog MARA CONFIDENTIAL,