There are several ways to get a valuation for your property in Singapore:
1. Online Valuation Tools:
PropertyGuru: Offers a free online valuation tool based on recent transactions and property data.
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www.propertyguru.com.sg PropertyGuru valuation tool Singapore
99.co: Provides a similar free online valuation tool with comparable sales data.
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www.99.co
99.co valuation tool Singapore
SRX Property: Offers a free X-Value report and a more detailed valuation report for a fee.
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www.srx.com.sg
SRX Property valuation tool Singapore
2. Bank Valuation:
Contact Your Bank: Most banks in Singapore offer free property valuations for their existing customers. You can request a valuation online or through your relationship manager.
3. Professional Valuer:
Engage a Licensed Valuer: You can hire a licensed valuer from the Singapore Institute of Surveyors and Valuers (SISV) for a more comprehensive and accurate valuation. This usually involves a site visit and a detailed report.
4. Real Estate Agent:
Consult an Agent: Many real estate agents offer free indicative valuations as part of their services. While not as detailed as a professional valuation, it can give you a good starting point.
Factors Affecting Valuation:
Location: Properties in prime locations generally command higher values.
Size and Layout: Larger units with efficient layouts are more desirable.
Age and Condition: Newer and well-maintained properties are more valuable.
Amenities and Facilities: Proximity to amenities like schools, shops, and transport can boost value.
Recent Transactions: Recent sales of similar properties in the area are a good indicator of market value.
Choosing the Right Method:
Online Tools: Quick and free, but might not be as accurate for unique properties.
Bank Valuation: Convenient for existing customers, but might be less detailed.
Professional Valuer: Most accurate, but comes with a fee.
Real Estate Agent: Free and convenient, but might be less comprehensive.
Consider your needs and budget when choosing the right valuation method. For a quick estimate, online tools or bank valuations might suffice. However, if you need a more accurate valuation for a mortgage application or a legal dispute, a professional valuer's report is recommended.
I hope this helps!
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