free valuation online

[jwong71]

http://www.srx.com.sg/

definitely can get higher valuation from banks.

because agents will plead with them to match

[princess_morbucks]

http://www.tnp.sg/content/get-free-property-valuation-online


At least two firms are offering buyers and sellers a free “valuation” of the property they are interested in.
Following the Housing Board’s recent changes in the resale procedure, the companies, which usually provide property price analysis to real estate agents, hope their information would help in the negotiation process.
The HDB recently announced that it will accept valuation requests from resale flat buyers only after they have agreed on a price with the seller and signed an Option to Purchase.
Buyers and sellers now have to negotiate a price based on recent transaction prices.
HDB will upload resale transactions daily, as soon as they are registered.
The two firms, the Singapore Real Estate Exchange and Baize Technology, aim to provide a price estimate based on official sources and their own analytics.
They emphasise that their price analysis of a property is not meant to be a substitute for the valuation reports accepted by HDB.
Read the full report in The New Paper on Friday (March 21).

[Arcachon]

If you have a HDB unit of 126 sqm, Remaining Lease of 82 years, what should your selling price?

5 room HDB valuation SGD 640,000 for 126 sqm on 28 Feb 2014, asking SGD 690,000

Lease Start Date : 01 Jul 1997
Lease Duration : 99 years
Remaining Lease : 82 years (as at date of enquiry)

Geylang 33 11 to 15 137.00 Model A 1996 $680,000.00 Dec 2013
Geylang 33 01 to 05 137.00 Model A 1996 $657,000.00 May 2013

Blk 33 Balam Rd S(370033)
Lease Start Date : 01 Jun 1996
Lease Duration : 99 years
Remaining Lease : 81 years (as at date of enquiry)

After 10 Mar 2014.

same 5 room HDB asking for SGD 760,000 compare to BLK 123 (80.85*126*82)
SGD 835,342 - 760,000 = SGD 75,342.2 discount.

80.85*137*81 = 897192 = 897192-680 = SGD 217,192 discount.($680,000.00 Dec 2013)

---------------------------------------------------------------------------------------

123 Geylang East Ctrl 01 to 05 120 Improved 1982 $650,000 Mar 2014

Blk 123 Geylang East Ctrl S(380123)
Lease Start Date : 01 May 1982
Lease Duration : 99 years
Remaining Lease : 67 years (as at date of enquiry)

To calculate per square metre per year.

(Sale Price / Floor Area)/Remaining Lease = XX per sqm per year.

(650,000/120)= 5416.66 per sqm

5416.66/67 = 80.85 per sqm per year.

---------------------------------------------------------------------------------------

2. Which unit is cheaper per sqm?

To calculate per square metre per year.

(Sale Price / Floor Area)/Remaining Lease = XX per sqm per year.

(760,000/126)= 6031.74 per sqm

6031.74/82 = 73.55 per sqm per year.

---------------------------------------------------------------------------------------

3. Which unit is cheaper per sqm per year?

To calculate per square metre per year.

(Sale Price / Floor Area)/Remaining Lease = XX per sqm per year.

(760,000/126)= 6031.74 per sqm

6031.74/82 = 73.55 per sqm per year.

---------------------------------------------------------------------------------------

4. What is the value of HDB when the lease remaining is zero?

ZERO