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NUS Module Review: RE2704 Introduction to Real Estate Valuation

The module introduces students to theories that underpin real property valuation to develop an appreciation of fundamental concepts and principles of valuation. It includes a critical review of value theory, valuation theory and concepts of market value. Building from the fundamentals, various methods of real estate valuation are introduced. Topics include: nature and scope of valuation; concepts of value, particularly open market value and fair market value; foundations of valuation; role and functions of the valuer; characteristics of property and the property market; market study and valuation; the valuation process; professional standards and valuation report; and, the methods of valuation.

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