Property Valuation is the practice of developing an opinion of the value of real property, usually its Market Value. The need for appraisals arises from the heterogenous nature of property as an investment class: no two properties are identical, and all properties differ from each other in their locations – which is one of the most important determinants of their value.

Market value is described as the projected amount for a property which should be exchanged on the date of valuation between two willing parties, namely the buyer and the seller, in an arm’s length transaction after proper marketing, with proficient, cautious action and not under pressure. In this transaction, both parties do not have a special relationship with each other, which might affect the determination of the property’s price.

There are many different methods to valuate one’s property namely:
• Comparison Method – Comparing recent transactions or similar properties
• Income Method – Comparing through rental yields of similar properties
• Cost Method – Often use to evaluate properties with little or no market transactions like Churches, Schools, etc.

Property Valuation Singapore provides consultancy of Fair Market Value of the residential market namely:

1. Condo Valuation
2. HDB Valuation
3. Landed Valuation (include Inter-terrace, semi-detached, detached and bungalows)

Condo Valuation

Condo Valuation is the practice of developing an opinion of the value of real property, usually its Market Value. The need for appraisals arises from the heterogenous nature of property as an investment class: no two properties are identical, and all properties differ from each other in their location – which is one of the most important determinants of their value.

Market value is described as the projected amount for a property which should be exchanged on the date of valuation between two willing parties, namely the buyer and the seller, in an arm’s length transaction after proper marketing, with proficient, cautious action and not under pressure. In this transaction, both parties do not have a special relationship with each other, which might affect the determination of the property’s price.

There are many different methods to valuate one’s property namely:
• Comparison Method – Comparing recent transactions or similar properties
• Income Method – Comparing through Rental yields of similar properties
• Cost Method – Often use to evaluate properties with little or no market transactions like Churches, Schools, etc.

HDB Valuation

HDB Valuation is important allows you to determine the value of a particular interest in a Property. It is often done prior to any Sales Interest or for the purpose of calculating Net Worth.

Market value is described as the projected amount for a property which should be exchanged on the date of valuation between two willing parties, namely the buyer and the seller, in an arm’s length transaction after proper marketing, with proficient, cautious action and not under pressure. In this transaction, both parties do not have a special relationship with each other, which might affect the determination of the property’s price.

There are many different methods to valuate one’s property namely:

· Comparison Method – Comparing recent transactions or similar properties

· Income Method – Comparing through Rental yields of similar properties

· Cost Method – Often use to evaluate properties with little or no market transactions like Churches, Schools, etc.

In a HDB transaction, a HDB Valuation is required for buyers that need HDB Loan. Any purchase that is above the valuation price will have to be paid in Cash, which is also known as Cash Above Valuation (COV).

Landed Valuation

Landed Valuation is the practice of developing an opinion of the value of real property, usually its Market Value. The need for appraisals arises from the heterogenous nature of property as an investment class: no two properties are identical, and all properties differ from each other in their location – which is one of the most important determinants of their value.

Market value is described as the projected amount for a property which should be exchanged on the date of valuation between two willing parties, namely the buyer and the seller, in an arm’s length transaction after proper marketing, with proficient, cautious action and not under pressure. In this transaction, both parties do not have a special relationship with each other, which might affect the determination of the property’s price.

There are many different methods to valuate one’s property namely:
• Comparison Method – Comparing recent transactions or similar properties
• Income Method – Comparing through Rental yields of similar properties
• Cost Method – Often use to evaluate properties with little or no market transactions like Churches, Schools, etc.

In a Landed Property Transaction, a proper Valuation is required as most Landed Property greatly differ from each other. Some can be brand new, while so can be more than 100 years old. Thus a proper Valuation for Landed Property is often required that is accompany with photo taking and determining the Age and Condition of the Property. Landed will include Terrace, Detached, Bungalows and Cluster Houses.

FAQs

1. Is there any fees involved for the valuation?
   The valuation comes free at no-obligation (terms and conditions apply)
2. How long does the valuation take?
   Valuation often takes takes about 2 weeks
3. How do you determine the valuation price?
   For residential properties, the “Comparison Method” is often being adopted by comparing the recently nearby comparable property being transacted. Of course, other than comparing similar property, the property itself do play a role in determining its valuation. That is its condition, facing, finishing used, built-in wardrobe etc.
4. Do you do commercial property valuation as well?
   We only target residential properties at this moment. It includes HDB, Condos and Landed Properties.

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