BST21762 Real Estate Valuation

Part I

Course Duration:
1 Semester
Credit Units:
3
Level:
A2
Medium of Instruction
:
English
Prerequisites:
Nil
Precursors:

BST1
0754 Measurement & Valuation
BST11754 Property Valuation and
Measurement
Equivalent Courses:
BST20762 Real Estate Appraisal
Exclusive Courses:
Nil


Part II


Course Aims


This course aims to provide students with the knowledge of advanced valuation methods, modern appraisal techniques and the effect of taxation on property valuation.


Course Intended Learning Outcomes (CILOs)

Upon successful completion of this course, students should be able to:

No.

CILOs

Weighting*

1.

Collect and analyse market data for real estate valuation.

1

2.

Apply different valuation methods and appraisal techniques in real estate valuation.

3

3.

Conduct valuation for surrender and re-grant of lease, and merge of interests.

3

4.

Analyse the effect of taxation on real estate valuation.

2

*Weightings are assigned to the CILOs to indicate their relative importance (3 being the most important)

Teaching and
Learning Activities (TLAs)

(
Indicative of likely activities and tasks designed to facilitate students’ achievement of the CILOs. Final details will be provided to students in their first week of attendance in this course)

Teaching pattern: 3 hours per week
Lecture/Tutorial/Studio/Laboratory mix: 1 hour Lecture, 2 hours
Workshop

 

TLAs

Total hours

CILO 1

Lecture and tutorial followed by online practice of a market transaction enquiry system by students out of classroom.

3

CILO 2

The theory and principles are taught in lectures. Workshop is used to engage students with hands-on exercises and practice under guidance to acquire different valuation methods and appraisal techniques.

18

CILO 3

The theory and principles are taught in lectures. Workshop is used to engage students with hands-on exercises and practice under guidance to acquire valuation skills for surrender and re-grant of lease, and merge of interests.

12

CILO 4

The theory and principles are taught in lectures. Workshop is used to engage students with hands-on exercises and practice under guidance to analyse the effect of taxation on real estate valuation.

6

Total:

39

Assessment Tasks/Activities
(Indicative of likely activities and tasks designed to
assess how well the students achieve the CILOs. Final details will be provided to students in their first week of attendance in this course)


Coursework:
40%
Examination:
60%
Duration of examination: 3 hours
Note: A student must obtain a minimum mark of 35 in both coursework and examination
components and an overall mark of 40 to pass the course.

 

Type of Assessment Tasks/Activities

Assessment
percentage

CILO 1

Students will be assessed based on assignment in the form of a valuation report which demonstrates their ability to collect and analyse market data for real estate valuation.

10

CILO
2 - 4

Students will be assessed based on assignment in the form of essay type questions.

20

Students will be assessed based on test in the form of essay type questions.

10

Students will be assessed based on examination in the form of essay type questions.

60

Grading of Student Achievement:

Standard (A+, A, A-…F). Student achievement will be graded according to their performance in assessment tasks/activities. Details will be provided to students in class.



Part III


Keyword Syllabus


Market Research
: land registration system, online market information, collection and analysis of market data.
Valuation Methods and Appraisal Techniques
: single rate approach, dual rate approach, annual equivalent of premium, computer application in valuation, discounted cash flow.
Special Valuation
: Surrender and Re-grant for unexpired lease, marriage value.
Valuation and taxation
: construction of valuation table subject to tax, effect of taxation on valuation.

Related Links
Division of Building Science and Technology