6 Answers

askguru expert
Hi Anonymous, thanks for writing to us on AskGuru.

For HDB resale flat, you can only get a valuation once the buyer confirms his or her interest in your flat. After the buyer pays you the option fee of an amount not exceeding $1,000, you then issue an Option to Purchase (OTP) form after 7 days from the date of the Resale Checklist. The buyer then submits the OTP to HDB to request for a valuation. An assigned valuer will then inspect the HDB flat to determine its valuation. To check the market value of resale HDB flats in your area, you can click on the following link: https://services2.hdb.gov.sg/webapp/BB33RTIS/BB33PReslTrans.jsp: For more information, please refer to the following link https://www.propertyguru.com.sg/property-guides/hdb-valuation-sales-12882. Y

For a private property, the buyer forks out the valuation fee for the property appraisal done on request of the mortgagee bank, and/or CPF Board (if CPF savings is used to purchase the property). In general, for private residential and non-residential properties, the valuation fee is between $400 and $500 but it could be higher in some cases when the licensed appraisers are required to perform more tasks related to the appraisal, for example, floor space measurements. Some lending banks absorb the valuation fees on the conditions that there is to be no full resumption before the loan matures.

Hope this answers your question.

Best Regards,

Team PropertyGuru Read More

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YT Tan (陈永达)
Good afternoon, if you are referring to HDB, as of now only buyers can apply valuation after they agreed on purchase price with sellers. But if you are referring to private property instead, do share with me more information of your property so I can check bank indicative for you. Cheers! YT Tan ECG Property 9111 5171 yt.lovelyhomes@gmail.com Read More

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Sunil Kumar
Hi Based on current hdb rules only buyer or buyer's agent can request for valuation report by providing a copy of OTP. Do let me know if you need any assistance. Thanks Sunil 81630450 Suni550@gmail.com C&H Read More

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Eric 李清海 Lee
RES has many tools and system for such purpose. http://goo.gl/qQUYoc Read More

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Joanne Chia 谢诗琳
Good day sir / madam ...........you can get a general guide valuation report at srx.com.sg online free of charge for hdb and condo properties.........for hdb prices you can also get check hdb website under resale flat prices which is updated daily and free of charge too ..........for private properties you can ask from bank value of your property free of charge ...........may i offer my housing services...........pardon me for self-marketing , i have seal hdb , condo and landed property deals within 1 viewing while serving sellers , however I am no miracle salesperson but merely a property price match maker ................may i offer my property marketing services ..........my charges are 1% comm for exclusive selling rights to your property or 2% for open listing ............allow me to email you a free report of your property ............kindly contact me for a no obligations chat for your property needs ..........joanne chia ........huttons real estate ...........hp 8333 3327 ..........chia_joanne@yahoo.com.sg Read More

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Geryl Lim
Dear sir/madam,

Valuation of a private property can be done by engaging a property valuer to visit your place at a cost to evaluate the property. Alternatively, if you are only looking at an indicative valuation, simply sms your property full details to me and I can get it sorted out for you.

For resale HDB, your valuation report will only be done upon securing an offer from your prospective buyer, where assigned valuer will visit your property for assessment, if buy requires to take up a housing loan. Otherwise there is no valuation required. All HDB valuation costs shall be borne by the purchaser.

Do you have any further questions which I may assist?

Regards,
Geryl LIM
Real Estate Director
Masters Of Real Estate (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565/+65-92787772
Email: geryl7772@gmail.com
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