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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.
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.
Cash-Over-Valuation, or COV for short as it is commonly known in Singapore, was a prevalent feature in the resale market for HDB (Housing Development Board) flats in Singapore for years until it was reviewed on 10 March 2014.
The value of land reflects the value it can provide over time. This value can be measured by the ground rent that a piece of land receives on the market. 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 ...
Planning areas, also known as DGP areas or DGP zones, are the main urban planning and census divisions of Singapore delineated by the Urban Redevelopment Authority.There are 55 of these areas, organised into five regions.
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.
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Value Added Tax (VAT): Buyers of new properties or those substantially renovated may be subject to Value Added Tax (VAT) at rates between 4% and 22%, depending on the property's type and location. The total property tax amount paid in Italy depends on factors such as property value, location, and residency status.