Question 1

How accurate is the condo valuation?

Accepted Answer

Our AI analyzes URA caveats and actual condo transactions from the past 12-24 months. We consider factors like floor level, facing, unit size, and development age. Our estimates typically align within 5-8% of actual sale prices.

Question 2

What factors affect condo values in Singapore?

Accepted Answer

Key factors include location, tenure (freehold vs 99-year), proximity to MRT, development age and condition, unit facing (unblocked views command premiums), floor level, and condo facilities. Market sentiment and en-bloc potential also play roles.

Question 3

How is condo valuation different from bank valuation?

Accepted Answer

Our AI valuation provides a market estimate based on recent transactions. Bank valuations are conducted by licensed valuers for loan purposes and may be more conservative. We recommend getting a bank valuation when ready to transact.

Question 4

Should I consider Executive Condos (ECs)?

Accepted Answer

ECs are a hybrid between HDB and private condos. After the 5-year MOP and 10-year mark, they become fully private. ECs offer value for first-time buyers meeting eligibility criteria. Our tool can value both ECs and private condos.

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