Top Situations When You Need a Professional Land Valuation

Navigating Singapore’s property market without reliable valuation insights can lead to costly missteps. For investors, up-to-date, data-driven assessments are essential to safeguard capital, benchmark returns, and negotiate confidently. A trusted property valuer in Singapore is crucial for proper due diligence in the modern real estate landscape, providing reliable property valuation services. This article highlights the top scenarios where professional land valuation is often required.

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Key Takeaways:

Why Is a Professional Land Valuation Essential for Major Property Decisions in Singapore?

A professional land valuation in Singapore is essential in key scenarios. These include land tenders for collective sale, compulsory land acquisition, lease top ups, legal disputes and sale of remnant land. Obtaining an independent valuation ensures that every decision is backed by up-to-date, objective, and compliant market value assessments.

Introduction

Navigating Singapore’s property market without reliable valuation insights can lead to costly missteps. For investors, up-to-date, data-driven assessments are essential to safeguard capital, benchmark returns, and negotiate confidently. A professional land valuation in Singapore is crucial for proper due diligence in the modern real estate landscape.

Wondering when to engage a valuation expert? Below are the top scenarios where professional real estate appraisal is often required.

What are the Top Situations You Need a Professional Land Valuation in Singapore?

1. Redevelopment and En-Bloc Sale (Collective Sale)

When developers consider acquiring land for redevelopment, whether through the collective sale market or Government Land Sales (GLS), a professional land valuation is essential to establish the site’s fair market value. As part of this process, a market value assessment identifies the realistic price the land can command in the current property cycle, considering its development parameters such as Master Plan zoning, allowable Gross Plot Ratio (GPR), Land Betterment Charge, expected selling price upon completion and comparable land transactions.

At the same time, a reliable land valuation protects owners from underselling. It is mandatory to obtain an independent valuation at the close of a collective sale tender to ensure that the site is not sold at a price below its market value. At the same time, it supports transparent negotiations with developers and provides banks with a credible foundation for financing.

2. Compulsory Land Acquisition

In Singapore, land may be acquired by the Government for public projects such as road expansion or infrastructure development. In such cases, a professional valuation ensures owners receive fair compensation based on prevailing market rates. A licensed appraiser provides objective assessments that comply with the Land Acquisition Act, safeguarding owners against undervaluation.

3. Top Up of Lease Tenure

Developers or private property owners may wish to extend the tenure of their leasehold properties back to 99 years, especially for redevelopment or major Addition and Alteration (A&A) works, subject to SLA approval. In such cases, a valuation of the land lot is required to assess the land premium payable to SLA for the top up of lease.

4. Legal Disputes and Encroachment Issues

Legal disputes over land use, such as easements and boundary encroachments, often require expert input. Courts and tribunals rely on professional land valuation reports to establish objective values and resolve conflicts. These impartial assessments provide evidence that can withstand legal scrutiny, protecting owners’ rights and financial interests.

5. Sale of Remnant Land Parcels

Developers and owners may have the opportunity to purchase small parcels of State land adjoining their private estates. Such remnant land can be amalgamated with their private lands to enhance the economic value and use of the private lands. Interested owners may engage a private valuer to carry out a valuation of the land parcel for acquisition for submission to the relevant authorities.

Why Work with a Licensed Property Valuer?

Whether it involves a redevelopment project, land enhancements, legal or statutory processes, a professional land valuation in Singapore by a qualified valuer is critical to your success.

Unlike informal estimates or automated tools, a licensed property valuer brings professional accountability, methodology, and industry standards to the table. They use verified data sources, comparative market analysis, and on-site inspections to deliver dependable results.

Ready to make informed property decisions backed by data and expertise? CKS Property Consultants is here to support you with trusted property valuation services tailored to your needs.