Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/223634
Title: IS DIRECT COMPARISON METHOD (DCM) A PANACEA IN VALUATION PRACTICE?
Authors: LIU TING
Keywords: Real Estate
RE
Yu Shi Ming
2017/2018 RE
Real Estate Valuation Methods
Direct Comparison Method (DCM)
Automated Valuation Model (AVM)
Issue Date: 8-May-2018
Citation: LIU TING (2018-05-08). IS DIRECT COMPARISON METHOD (DCM) A PANACEA IN VALUATION PRACTICE?. ScholarBank@NUS Repository.
Abstract: The valuation of real estate is a central tenet for all businesses, and there is a wide range of purposes of valuation such as sale and purchase, investment and financing. There are three main types of method of valuation, namely Direct Comparison Method (DCM), Cost method and Income Method. The residential market sector is the classic example of the application of DCM due to a wealth of transactional evidence. However, there is very little information about how to apply DCM for other types of properties. This study evaluates the reasons behind why DCM is so prevalent and commonly used by small and medium valuation enterprises in Singapore for all types of property valuation, ranging from residential, commercial, industrial as well as other properties. Most importantly, it also examines the data issues associated with automated valuation and the implications of Automated Valuation Model (AVM). Recommendations are proposed to bridge the gap of carrying out property valuation from the perspective of academia and practice. To develop a standard valuation process by using DCM as the primary method of valuation, a detailed analysis of valuation cases from different property market sectors, together with interviews with senior valuers were conducted. For instance, HDB shophouse, office and hotel under commercial properties, warehouse and factory as well as other properties like community centres, kiosk, ATM, vending machine and dormitory. Keywords: Real Estate Valuation Methods, Direct Comparison Method (DCM), Automated Valuation Model (AVM)
URI: https://scholarbank.nus.edu.sg/handle/10635/223634
Appears in Collections:Bachelor's Theses

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