COURSE OUTLINE

Department & Faculty :

Dept. of Property Management,
Faculty of Geoinformation and Real Estate
Page : 1 of 6

Subject & Code:
VALUATION OF SPECIALISED PROPERTIES
(SGH3213)
Semester: Semester 2
Academic Session: 2013/14


Prepared by
Name: Ibrahim Sipan
Signature:
Date: 4th March 2012


Certified by:
Name:
Signature:
Date:


Lecturer : IBRAHIM SIPAN
Room No. : C02-305-01
Tel. No. : 07-5530982, 019-7704709
E-mail : ibrahimsipan@utm.my
Synopsis :
Introduction to Special Properties, Valuation Methodology for Special
Properties, Valuation of Residential Properties, Valuation of
Commercial Properties, Recreation Properties, Mining Properties,
Industrial Properties, Agricultural Properties and Plant, Machinery and
Equipment.



LEARNING OUTCOME

At the end of the course, students should be able to:

No. Course Learning Outcome Related
Programme
Learning
Outcome
Taxonomy
Bloom
Evaluation
Method
1.




2.



3.


4.


5.



6.





Explain the concept of special
properties


Identify the methodology of
Valuation of special properties

Explain the principles of
valuation of special properties

Conduct the valuation of
Recreation properties,

Conduct valuation of Mining
Properties and Industrial
Properties

Conduct valuation of agricultural
Properties





PO2,



PO2



PO2, PO3


PO3, PO7


PO3, PO7



PO3, PO7





C1- C2, P1



P1- P2



C2-C4,P3-
P4

C2-C3, P1-
P3, A1-A3

C2-C3, P1-
P3, A1-A3


C1-C2, A1-
A3





HW, T, F



PR, F, Q, Pr



T, F, Q



PR, F, Q, Pr


PR, F, Q, Pr



PR, F, Q, Pr

T Test ; PR Project ; HW
Homework ; Pr Presentation,
F Final Exam)
COURSE OUTLINE

Department & Faculty :
Dept. of Property Management,
Faculty of Geoinformation and Real Estate
Page : 2 of 6

Subject & Code:
VALUATION OF SPECIALISED PROPERTIES
(SGH3213)
Semester: Semester 2
Academic Session: 2013/14


Prepared by
Name: Ibrahim Sipan
Signature:
Date: 4th March 2012


Certified by:
Name:
Signature:
Date:




STUDENT LEARNING TIME (SLT)
Teaching and Learning Activities Student Learning Time (hours)
1. Face-to-Face Learning
a. Lecturer-Centered Learning
i. Lecture
28

b. Student-Centered Learning (SCL)
i. Laboratory/Tutorial
ii. Student-centered learning activities Active
Learning, Project Based Learning


14

2. Self-Directed Learning
a. Non-face-to-face learning or student-centered learning
(SCL) such as manual, assignment, module, e-Learning,
etc.
9
b. Revision 58
c. Assessment Preparations 6
3. Formal Assessment
a. Continuous Assessment 2
b. Final Exam 3
Total (SLT)
120



TEACHING METHODOLOGY
Lectures, homework, individual and group assignment, field work and presentation



COURSE OUTLINE

Department & Faculty :
Dept. of Property Management,
Faculty of Geoinformation and Real Estate
Page : 3 of 6

Subject & Code:
VALUATION OF SPECIALISED PROPERTIES
(SGH3213)
Semester: Semester 2
Academic Session: 2013/14


Prepared by
Name: Ibrahim Sipan
Signature:
Date: 4th March 2012


Certified by:
Name:
Signature:
Date:



WEEKLY SCHEDULE

Week 1 Introduction to Special
Properties

What is an special properties
Definitions of special properties
Definitions of valuation of special properties
Special properties characteristics

Week 2 Methodology of Valuation of
Special Properties
Traditional method of valuation
Modern techniques of Valuation

Week 3 Valuation of Residential
Properties
Apartment / condominium
Services apartment
Green home

Week 4 Commercial Properties I Office building
Shopping centre

Week 5 Commercial Properties II Petrol s tation
Restaurant

Week 6 Commercial Properties III Hotel & motel
Resort & Chalet
Condotel

Week 7 Commercial Properties IV Night Club
Disco
Karaoke
Cineplex

Week 8

Mid Semester break

COURSE OUTLINE

Department & Faculty :
Dept. of Property Management,
Faculty of Geoinformation and Real Estate
Page : 4 of 6

Subject & Code:
VALUATION OF SPECIALISED PROPERTIES
(SGH3213)
Semester: Semester 2
Academic Session: 2013/14


Prepared by
Name: Ibrahim Sipan
Signature:
Date: 4th March 2012


Certified by:
Name:
Signature:
Date:



Week 9 Recreation properties I Golf Club
Bowling
Sport Complex

Week 10 Recreation properties II Swimming pool
Stadium
Theme park

Week 11

Mining Properties Quarry
Mining properties

Week 12

Industrial Properties I Terrace factory
Semi-detached factory
Detached factory

Week 13

Industrial Properties II Oil Palm Factory
Electronic Factory
Food Factory

Week 14

Industrial Properties III Furniture Factory
Cement Factory
Plants and machinery properties

Week 15

Agricultural Properties Oil palm estate
Rubber estate
















COURSE OUTLINE

Department & Faculty :
Dept. of Property Management,
Faculty of Geoinformation and Real Estate
Page : 5 of 6

Subject & Code:
VALUATION OF SPECIALISED PROPERTIES
(SGH3213)
Semester: Semester 2
Academic Session: 2013/14


Prepared by
Name: Ibrahim Sipan
Signature:
Date: 4th March 2012


Certified by:
Name:
Signature:
Date:



References:
1. Raja Aris Raja Hussain (1991), Penilaian Harta Tanah khas, Dewan Bahasa
Dan Pustaka.
2. Sedgwick JRE (1969), The valuation and development of petrol filling
stations, The estate gazette, Ltd London
3. Douglas Scarrett (1991) Property Valuation The 5 methods, E&FN Spoon,
UK
4. Robert C.S (1992), The appraisal of farm real estate, Indiana USA
5. Stephen R (1978) The valuation of hotels and motels, American Institute of
Real Estate Appraisal USA.
6. Danial J.O (1989), The appraisal of apartment building, John wiley & sons,
USA.
7. Britton W (1980), Modern Method of Valuation, London the Estate Gazette
7th Edition.


GRADING:
(Provide details on the allocation of marks and the time schedule for all quizzes, tests,
assignments, etc.)


No. Assessment Numbers % Each % Total Dates
1. Assignments 2 7.5 15 Week 2, week 10
2. Project 1 10 10 Week 1
3. Quizzes 3 3.33 10 Week 2, week 7,
week 12
4. Test 1 10 10 Week 15
5. Presentations 1 5 5 Week 9
6. Final Exam 1 50 50 Exam week
Overall total 100











COURSE OUTLINE

Department & Faculty :
Dept. of Property Management,
Faculty of Geoinformation and Real Estate
Page : 6 of 6

Subject & Code:
VALUATION OF SPECIALISED PROPERTIES
(SGH3213)
Semester: Semester 2
Academic Session: 2013/14


Prepared by
Name: Ibrahim Sipan
Signature:
Date: 4th March 2012


Certified by:
Name:
Signature:
Date:



Group Project (25 marks)

You are requested to make a group of not more than four students to prepare
a project on special property valuation. Identify a special property as a case
study and prepare a valuation report includes two parts;

Part 1: (10 marks)
Theory, concept and component value
Factors influence special property value
Method of Valuation

Part 2: (15 marks)
Description of case study
Valuation report

Special Property Case Study;

1. Apartment and Condominium
2. Services Apartment
3. Residential Green Building
4. Commercial Green Building
5. Industrial Green Building
6. Intelligent Building
7. Iconic Building
8. Office Building
9. Shopping Complex
10. Petrol Station
11. Restaurant
12. Hotel
13. Resort
14. Condotel
15. Theme Park
16. Sport Complex
17. Stadium
18. Swimming Pool
19. Estate Plantation
20. Forestry