Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/221735
Title: VARIATION IN VALUATION OF RESIDENTIAL PROPERTY
Authors: SIM ZHENYAO DEXTER
Keywords: Real Estate
RE
Lim Lan Yuan
2014/2015 RE
Accuracy
Bias
Gender
Gender Difference
Residential
Residential Property
Singapore
SISV
Valuation
Valuation Accuracy
Valuation Variation
Valuers
Variation
Years of Experience
Issue Date: 3-Jun-2015
Citation: SIM ZHENYAO DEXTER (2015-06-03). VARIATION IN VALUATION OF RESIDENTIAL PROPERTY. ScholarBank@NUS Repository.
Abstract: Although substantial amount of studies have been carried out on accuracy in valuation in the United Kingdom, Australia and the United States; minimal research has been done to examine the issue of valuation variation in Singapore. Through the valuation process, valuers are the professionals who have the ability to determine the value of properties and are entrusted to do so accurately. Thus, understanding the valuation accuracy of valuers matters to all real estate stakeholders. The study focuses on the variation in valuation and its possible increase or decrease by factors such as the nature of the property and background of the valuers concerned. A valuation case study assignment that consisted of a landed house, a walk-up apartment and a condominium unit were administered to 20 Singapore-based valuers. The findings suggested that valuation variation is prominent in properties that are less homogenous. Above all, experienced valuers had less valuation variation than the novice valuers. Furthermore, for the less homogenous properties that had significant variation in valuation, when assessed by novice valuers, the variations were amplified. The findings also revealed that gender differences do not significantly affect the valuation variation.
URI: https://scholarbank.nus.edu.sg/handle/10635/221735
Appears in Collections:Bachelor's Theses

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