21 Mar '14, 6am

Free Web estimates of #HDB flat, condo values #property #XValue

THERE is a new Web service to help buyers and sellers get an indicative value of properties, a timely move now that official Housing Board (HDB) valuations can no longer be obtained before both parties agree on a price. The X-Value Calculator by the Singapore Real Estate Exchange (SRX) estimates the market value of a property based on past transactions. It also shows how this estimated value has changed over the years. Its launch yesterday was timely in the light of the HDB rule change, said PropNex key executive officer Lim Yong Hock: "It can help sellers and buyers get a fair and objective sense of the market." Previously, buyers and sellers obtained an official valuation via the HDB before deciding on a price. Since March 10, they have had to decide on a price before getting the valuation - a change that has caused uncertainty among sellers who fear pricing their flats ...

Full article: http://www.cpf.gov.sg/imsavvy/infohub_article.asp?readid=...

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