Want to make the most of your rental income and attract the right tenants? Rental valuation is a must for landlords, investors, and property managers alike. By understanding the current market conditions and comparing similar properties, you’ll be able to set a competitive rental price and also maximise your return on investment.
Rental valuation applies to both residential and commercial properties in Singapore. Understanding the following factors can help set a competitive rental rate or guide tenants and asset owners in decision-making:
Rental values can fluctuate based on current market conditions and the timing of rental transactions.
Prime locations near amenities, transport hubs, and business districts boost rental value.
How efficiently space is utilised plays a key role in determining value, especially for commercial properties.
Larger spaces generally yield higher rental returns.
Expected income generation from the property is a key consideration, especially for corporate and institutional investors.
Well-maintained properties with quality finishes and fixtures are likely to command a higher rental price.
Additional features like parking, gardens, recreational spaces, and lease terms and conditions influence rental valuation.
Special considerations like conservation guidelines or the shape and contour of the land might also affect the valuation.
Home valuation, also known as residential real estate valuation, determines the market value of a property through various methods, whether you’re buying, selling, or refinancing. In Singapore, the Direct Comparison Method is the most common for standard residential properties.
This method compares your property to similar rentals in the area, making adjustments for differences in location and amenities to establish a competitive rental price.
For commercial properties, this method calculates the annual capitalisation rate based on expected rental income, offering a snapshot of your return on investment (ROI).
By using these methods, you can gain a comprehensive understanding of your property’s rental value, helping you make informed investment decisions.
Ready to discover your property’s true worth? Connect with our rental valuation experts today!
Check your property’s true worth and connect with our rental valuation experts today!
Rental valuation is the process of determining the current market rent of a property. It’s crucial for setting competitive rental rates, ensuring fair pricing for tenants and landlords, and making informed investment decisions. Accurate rental valuation helps in maximising returns and aligning with market trends.
Several factors are considered in rental valuation, including the property’s location, size, condition, and the features it offers. Adjustments are made based on differences such as the property’s age, amenities, and market trends.
Determining the rental value involves several methods, such as the Sales Comparison Approach and the Income Approach. Each of these methods offers unique insights, helping to arrive at a fair and accurate rental value based on market conditions and property specifics.
For rental valuation, you can reach out to our team at CKS Property Consultants. We offer expert services in rental valuation and property assessments with over 100 years of experience. Our team is skilled in using a variety of valuation methods to ensure accurate and reliable results, so contact us today to get the most out of your property investments.
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In 2018, the team has launched their internal valuation system, tapping on the various up-to date technologies. This internal valuation system helps our valuers to improve work productivity and streamlined work processes, reducing the traditional valuation manual work and also going paperless by issuing e-valuation reports to our clients. The team aims to further enhance the system and be the first valuation firm to automate the whole valuation processes, which enables us to deliver the valuation reports in a shorter time frame for standard properties.
The team, in recent years, is actively involved in rental valuations for statutory boards for various property types and purposes. Examples would be the rental valuation of ATMs, vending machines, advertising, event spaces and unique properties. The valuers will analyse, adopt different methods of valuation in assessment, if there is lack of data in the market, our valuers will conduct in depth market research analysis and conduct data collection from various sources to derive the true value of the property in the current market. In recent years, we have also seen an increase in requests from private owners to obtain fair rental value of their properties.
In this fast-paced digital era, banks are embracing new technology to speed up the home loan process for homebuyers. With this objective in mind, United Overseas Bank (UOB) entered into an exclusive partnership with CKS Property Consultants to develop an Automated Valuation Model (AVM) in support of its digital real estate ecosystem.
The AVM is a software program that uses robust methodology and sophisticated algorithms to instantly generate an indicative value for a specified property. Using proprietary algorithms that have been rigorously built and tested by a team of licensed appraisers and based on latest transactional data, the AVM allows users quick and easy access to indicative valuations for their residential properties anytime, anywhere.
In 2018, UOB successfully launched the UOB Home Solution platform, featuring the first bank-backed instant property valuation service in Singapore, developed by CKS.