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hi,
I seen many flats have a valuation price. i assumed they are done by surveyor. What factors influence valuation? Location, age of flats, renovation? Will the valuation fall if the supply of flats increase or there is a fall in demand or COV?
Thank you
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2 Answers

Mike Lim
Replied
Morning John,

Valuation are based on unit's age, level, built-in, facing, condition and past transacted price of similar units.

Valuation will only start to fall if there's a consistence transaction of below valuation, within the cluster of the affected unit.

FYI
Mike Lim
 96929209 
ERA Read More
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  • HS
    Replied
    Thanks Mike, that is to say valuation will also increase if the selling price is consistently above the valuation. Can explain what is facing? Is it the direction of the main door or the bedroom? There are also some flats with odd shape bedroom, will it affect the valuation also.
    Thank you
Catherine PANG
Replied
It is difficult to find a 'perfect' unit. Decide if you have a reason and within your budget.
www.catherinepang.com Read More
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