25 Oct '13, 9am

#GlobalREBubble #Singapore 'Revisiting The Importance Of Proper Valuation' via @SGPropertyGuru

“Whilst the seller sets the price, it is the buyer who determines the worth. If you were to price your house above and beyond what the average buyer is willing to fork out, then there will be a good chance of giving the impression that your property is overpriced,” he added. Colin Tan, Chief Executive Officer, Vestor Realty Singapore, stated: “The most dangerous thing a prospective property seeker can do is to base property prices on hearsay, especially without doing one's homework first. The property market today is transparent; as such property seekers must do their due diligence in ascertaining the fair market value from comparisons of similar properties from online property websites, agents and bankers.” Both Lim and Tan are part of a panel of influential property thought leaders who will provide their opinions on valuing The Istana, Singapore’s most prized historical ...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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