Course overview
The aim of this course is to equip students with a deep understanding of statutory valuations and the ability to apply appropriate valuation methods, ultimately delivering well-supported valuation advice. Emphasis will be on problem-solving, analysis, and presenting arguments. Continuous assessment, including a case study and exam, will develop and evaluate these skills. By the end of the course, students should be confident in tackling real-world statutory valuation problems. The course is workshop-based, focusing on solving problems through case studies and discussions. Active preparation by studying online materials is crucial, as students will lead discussions and problem-solving exercises each week.
Course learning outcomes
- Apply international best practice to develop automated valuation models and evaluate the accuracy and uniformity of assessed values
- Demonstrate the practical application of compulsory land acquisition concepts in the determination of compensation amounts
- Apply Insurance Valuation concepts to determine the limit of liability in building insurance contracts
- Apply valuation reporting standards to estimate the fair value of land and buildings
- Explain the role of the valuer as an expert witness