Precision Valuation for Informed Property Decisions

A property valuation is a formal, comprehensive assessment conducted by a certified valuation professional that provides a legally defensible determination of a property's market value. It follows rigorous methodologies and standards, resulting in a detailed report suitable for legal, financial, and transactional purposes.

In contrast, a property appraisal is typically an informal estimate provided by real estate agents or property advisors. It offers a general price range based on market knowledge but lacks the methodological rigor, legal standing, and detailed analysis of a formal valuation.

The timeline for completing a property valuation depends on several factors, including property complexity, valuation purpose, and report detail requirements. Typically:

• Standard residential properties: 3-5 business days
• Commercial properties: 5-10 business days
• Complex or specialized properties: 10-15 business days
• Portfolio valuations: 15-20 business days

We offer expedited services for urgent requirements, which can reduce these timeframes by approximately 30-50%, depending on property type and complexity.

Multiple factors influence property valuations in Singapore's unique real estate market:

• Location: Proximity to MRT stations, amenities, schools, and business districts
• Property characteristics: Size, layout, condition, age, building quality, and facilities
• Legal factors: Tenure (freehold vs. leasehold), zoning restrictions, and planning guidelines
• Market conditions: Supply-demand dynamics, transaction volumes, and prevailing interest rates
• Economic factors: GDP growth, employment trends, and foreign investment levels
• Regulatory environment: Government policies, cooling measures, and additional buyer's stamp duty

Our valuation methodology systematically analyzes these factors to determine their specific impact on your property's value.

The optimal frequency for property valuations depends on your specific circumstances and objectives:

• Investment properties: Annually or bi-annually to track performance and inform strategy
• Owner-occupied properties: Every 3-5 years or before major renovations/improvements
• Development properties: At key project milestones or phase completions
• Financial reporting requirements: As specified by regulatory frameworks or accounting standards

Additionally, significant market shifts, regulatory changes, or major infrastructure developments in your property's vicinity may warrant special valuation updates between regular assessments.

Yes, property valuations can be contested, though the process and grounds for challenge vary depending on context:

• Bank valuations: Clients can request reconsideration with additional comparative evidence
• Legal proceedings: Can be challenged through expert witness testimony or counter-valuations
• Tax assessments: Can be appealed through formal channels with supporting evidence

At Nexiq, we minimize contestation risk through our rigorous methodology, comprehensive documentation, and quality assurance processes. Our valuations stand up to scrutiny because they're built on thorough research, appropriate methodology selection, and transparent reasoning.