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INSTITUTIONAL PROPERTY VALUATION

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Buildings erected for factory purposes have usually been erected and designed to suit a particular purpose, having regard to the present and future prospects of the industry. In the same way, sites are selected that will give the greatest facilities for transport and in localities where there is an ample supply of skilled and semi-skilled labor.

Institutions

School, hospital, town hall, polytechnic, university, college, sports stadium, crematorium, cemetery, abattoir, chapel, temple, club, house, mosque, public library, museum, and exhibition hall; these are all examples of institutional property. They have one; therefore, they are not open to sale transactions.