This course is designed to provide the students with an understanding of introduction to special properties, methods of valuation for special properties, valuation for residential properties and valuation for commercial properties. Besides, mining properties, industrial properties, and agricultural properties are included as special properties. The methods of valuation applied to special properties are influenced by the functions of the property, business operations and the assets or machinery located in the property.
As an example of hotel valuation, students need to describe the characteristics of a hotel as a special property. Besides, the students need to discover the components of the hotel and demonstrate suitable valuation methods to value the hotel.