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Hi, i am just wondering.

If I request for Value, and HDB appointed a valuer to the seller's flat. Does that necessarily means that the purchase flat stated in OTP does not tally with the market value for the flat?

And typically, how long will HDB reply to buyer after the value has inspected the flat?

Thank you!
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5 Answers

I have done a number of HDB resale transactions lately where only 2 of them had triggered physical inspection of flats for valuation. One of them was $10k below agreed price and the other matches the agreed price in the OTP.

A usual time frame is within 5 working days, the valuation will be ready.

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Hi, yes you are right. Most of the time, the valuation will be different from the OTP selling price. And after the valuer has inspected and taken the photo of the house, the valuation report will be emailed to the buyer within 5 working days.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Robbie Chen Chee Howe
Hi,

From my experience, usually HDB will only appoint a Valuer down to the flat if the OTP price falls outside a "range" whereby the nearby and recent transactions is out of this "range".

As the transacted prices only shows the flat size and the flat area, it does not indicate other things like the facing and the renovation done. Hence, the purpose of the Valuer going down to the flat, is to assess these things that cannot be "taken" from transaction data.

If the flat has a very good unblocked view, the Valuer will have the reason to justify the higher OTP price. Similarly, if the unit has designer renovation done, it will also bring the Value higher.

I am experienced and well-versed in HDB resale transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

The HDB stated time for the Valuation to be out, is 7-10 days from the date of Valuation request.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
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Dear Sir/Mdm,

From my experience, if a physical valuation is required, it means that the transacted price does not fall within the acceptance range of valuation.

I have recently sold 2 HDB units that required physical valuation and for both units, the valuation is lower as compared to the sale price.

Please feel free to contact me if you need further assistance.

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Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

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Absolutely! It’s common for the valuation to diverge from the OTP selling price. Once the valuer inspects the property and captures photos, the valuation report is typically emailed to the buyer within 5 working days.
When it comes to HDB flats, the valuation process involves assessing factors beyond transaction data. While transacted prices provide information about flat size and area, they don’t account for other crucial aspects like facing and renovation quality. That’s where the Valuer steps in. They visit the flat to evaluate these additional factors.

For instance:

If a flat boasts an unblocked view, the Valuer can justify a higher OTP price.
Similarly, well-executed designer renovations can enhance the flat’s value.
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