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With the vision of 'Limited Land, Unlimited Space', SLA is responsible for maximising Singapore's land resources, by: [4] Optimising land and space utilisation, Safeguarding property ownership, and; Promoting the use of land-space data through geospatial. SLA has two functional roles: developmental and regulatory.
Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). Real estate transactions often require appraisals because every property has unique characteristics.
The present value of ground-rent is the basis for land prices. A land value tax (LVT) will reduce the ground rent received by the landlord, and thus will decrease the price of land, holding all else constant. [citation needed] The rent charged for land may also decrease as a result of efficiency gains if speculators stop hoarding unused land.
A simple boundary survey can cost anywhere from $100 to $600, while a mortgage survey for buying a house costs about $500, according to data from HomeAdvisor. A survey for fencing can run up to ...
Singapore Real Estate Exchange (SRX) is a consortium of leading real estate agencies administered by StreetSine Technology Group in Singapore. [1] The Exchange provides the prices of recently sold properties to participating real estate agents more rapidly than conventional, official channels run by the Urban Redevelopment Authority and Housing Development Board.
Besides the provision of public housing, the HDB handles land reclamation works in Singapore and maintains the infrastructure of Singapore's national resource stockpiles. The HDB is also a major purchaser of state land from the Government with the purchase price payable by HDB going into the past reserves. [2]
The ministry was established after the 1959 legislative assembly elections.It was originally composed of departments previously under the Ministry of Local Government, Land and Housing, Ministry of Communications and Works, the City Council and Rural Board (Architectural and Buildings Surveyors Section), and Ministry of Commerce and Industry (Fisheries, Veterinary Services and Rural Development).
A Development Guide Plan is then drawn up for each planning area, providing detailed planning guidelines for every plot of land throughout the country. [2] The planning areas were first introduced in the early 1990s after the release of the 1991 Concept Plan. [5]