Introduction to Special Properties

A standard use in Malaysia for valuation practice known as

• Malaysian Property Standard

• Malaysian Real Estate Standard

• Malaysian Valuation Standard

• Malaysian Assessment Standard

Specialised Properties are defined as those which, due to their specialized nature, are

______, if ever sold on the market for a single occupation, for a continuation of their existing use, except as part of a sale of the business in that occupation.

Luxury villas are among specialized properties.

• Yes

• No

There are three main approaches for special properties valuation.

• Income approach, cost approach, residual approach

• Income approach, cost approach, sale approach

• Income approach, cost approach, investment approach

The factors influencing special property valuation can be divided into two categories: external and internal factors. The internal factors include the property ____ and location, physical attributes, etc.

Special properties often possess intangible assets that contribute to their value but are not easily quantifiable. These assets may include brand reputation, customer loyalty, ______ design features, or historical significance.

Which of the following is NOT a method for property valuation?

• Cost approach

• Market approach

• Income approach

• Time approach

What is the primary purpose of property valuation?

• To determine market value

• To assess property taxes

• To facilitate sales transactions

• All of the above

Which of the following factors is NOT typically considered in property valuation?

• Location

• Size

• Age

• Color

What is the primary difference between the cost approach and the market approach in property valuation?

• Cost approach considers replacement cost, market approach considers comparable sales.

• Cost approach is used for residential properties, while the market approach is used for commercial properties.

• Cost approach is faster than the market approach.