4 Answers

Hi, Different banks have a different guide on the valuation of a certain unit as all of them consider different conditions and situations when computing the valuation. You can always refer to the transaction prices of nearby units as a reference as well, or just get more valuation.

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
 97396040 
landonchew@email.com Read More
1
Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, perhaps I could also refer a mortgage broker to you too?

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
0
The large variation in valuation estimates ($4 million vs $7 million) for the HDB shophouse you're interested in can stem from several factors:

Valuer Expertise and Methodology:

Different valuers might have varying levels of experience and expertise in valuing HDB shophouses, which can influence their final valuation.
Valuation methodologies can differ. Some valuers might rely more on recent transactions of similar HDB shophouses in the area, while others might consider additional factors like potential future development or unique features of the shophouse itself.
Market Conditions and Data Availability:

The HDB shophouse market is likely less frequently traded compared to regular HDB flats. This can lead to limited data for valuers to draw upon, potentially impacting the accuracy of the valuation.
Fluctuations in the overall property market can also affect valuations. Some valuers might incorporate broader market trends into their estimates.
Purpose of Valuation:

The purpose of the valuation can also influence the outcome. For example, a valuation for loan purposes from a bank might be more conservative compared to an estimate for insurance purposes.
Here's what you can do to get a more accurate picture of the HDB shophouse's value:

Get quotes from multiple valuers: Don't rely solely on the initial quotes you received. Reach out to a few more qualified valuers specializing in HDB shophouses for their estimates.
Understand the valuation methodology: When obtaining quotes, ask the valuers about their methodology and the factors considered in their valuation. This can help you understand the rationale behind the varying figures.
Consider a Comparative Market Analysis (CMA): A property agent specializing in HDB shophouses can conduct a CMA. This involves analyzing recent sales of similar HDB shophouses in the area to get a better sense of market value.
By gathering multiple quotes, understanding the valuation methodology, and potentially considering a CMA, you can obtain a more comprehensive picture of the HDB shophouse's true market value.

I am Sorry that This platform does not allow me to direct contact you.

To further assist you, please feel free to contact me via WhatsApp at 9856 9255  or through this link: https://wa.me/6598569255.

My services come with no obligations, and I'm here to help with any questions or assistance you need.

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份) :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: +65 9856 9255  or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT :)

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The END XXXXXXX Read More
0
The large variation in valuation estimates ($4 million vs $7 million) for the HDB shophouse you're interested in can stem from several factors:

Valuer Expertise and Methodology:

Different valuers might have varying levels of experience and expertise in valuing HDB shophouses, which can influence their final valuation.
Valuation methodologies can differ. Some valuers might rely more on recent transactions of similar HDB shophouses in the area, while others might consider additional factors like potential future development or unique features of the shophouse itself.
Market Conditions and Data Availability:

The HDB shophouse market is likely less frequently traded compared to regular HDB flats. This can lead to limited data for valuers to draw upon, potentially impacting the accuracy of the valuation.
Fluctuations in the overall property market can also affect valuations. Some valuers might incorporate broader market trends into their estimates.
Purpose of Valuation:

The purpose of the valuation can also influence the outcome. For example, a valuation for loan purposes from a bank might be more conservative compared to an estimate for insurance purposes.
Here's what you can do to get a more accurate picture of the HDB shophouse's value:

Get quotes from multiple valuers: Don't rely solely on the initial quotes you received. Reach out to a few more qualified valuers specializing in HDB shophouses for their estimates.
Understand the valuation methodology: When obtaining quotes, ask the valuers about their methodology and the factors considered in their valuation. This can help you understand the rationale behind the varying figures.
Consider a Comparative Market Analysis (CMA): A property agent specializing in HDB shophouses can conduct a CMA. This involves analyzing recent sales of similar HDB shophouses in the area to get a better sense of market value.
By gathering multiple quotes, understanding the valuation methodology, and potentially considering a CMA, you can obtain a more comprehensive picture of the HDB shophouse's true market value.

I am Sorry that This platform does not allow me to direct contact you.

To further assist you, please feel free to contact me via WhatsApp at 9856 9255  or through this link: https://wa.me/6598569255.

My services come with no obligations, and I'm here to help with any questions or assistance you need.

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份) :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: +65 9856 9255  or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT :)

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The END XXXXXXX Read More
0