Valuation Presentation
Transcript: Assessed for local rates by the local authority Local Authority : Majlis Perbandaran Selayang (MPS) Annual Value of RM 9,840.00 Current rate of 8.60% per annum Annual Assessment levy amounts to RM 846.24 Vertical access is facilitated by a half turn reinforced concrete staircase with wrought iron railings (from ground floor to first floor). The building plan for additional/modification building was approved by Majlis Perbandaran Selayang (MPS). However, a copy of building plan is not available for sighting. A copy of COF is available for sight. Adopted land value = RM 98 per sq.ft. (Comparable 3) Land area = 5005 sq.ft. Land value of subject property = RM 98 * 5005 sq.ft = RM 490,490.00 Building cost of subject property for main floor area per sq.ft = RM 280 per sq.f (included for renovation/extension cost) Main floor area = 4100 sq.ft Building cost of subject property for main floor area = Building cost of subject property for main floor area per sq.ft * Building cost of subject property for main floor area = RM 280 * 4100 = RM 1,148,000.00 Ancillary floor area = 2900 sq.ft. Estimated value of AFA (RM/ sq.ft) = RM 110.00 per sq.ft Estimated value of AFA (RM) = RM 319,000 Total Building value of subject property = RM 1,467,000 Market Value = Land value + building value = RM 490,490.00 + RM 1,467,000 = RM 1,957,490 (approximately RM 1,960,000) Located in the same location, mukim, and state as subject property Same land shape as subject property All freehold properties Residential used Difference in 11 sq.ft brings a difference of 1%. The 1% was simplifying to 1% so that the adjustment percentage will not be too high. 10% of adjustment will be applied for every 1 year difference of the transaction date. Estimated construction cost (RM/psf) = RM 220 per sq.ft. * Estimated construction cost (RM) = RM 492,360.00 ** Less: depreciation = 23% *** Depreciated construction cost = 492,360 * 77% = RM 379,117.00 * Estimated cost psf obtained from developer (Mah Sing Group) ** Estimated construction cost = building cost psf * original built-up area *** (15/65) * 100% (15 is the building age of subject property, 65 is the average life span of a house) Ancillary floor area (sq.ft) = 2900 sq.ft Value of Ancillary floor area per sq.ft. (RM/psf) = RM 110.00 per sq.ft * Total Value of Ancillary floor area (RM) = RM319,000.00 * Value of AFA equals to 50% of value for main floor area Add: Estimated Extended/Renovation cost (RM) = RM 400,000.00 * Estimated extended/renovation cost obtained from contractor. However, the receipt/evidence is not available for sight. Note: renovation cost included price for upgrading all tiles (floor tiles and wall tiles) for internal and external of subject property, repaint the house, and the other fixtures. Total building value (RM) = Depreciated construction cost + Total Value of Ancillary floor area + Estimated extended/renovation cost = RM 379,117.00 + RM319,000.00 + RM 400,000.00 = RM 1,098,117.00 Market Value = Land value + Building value = RM 490,490.00 + RM 1,098,117.00 = RM 1,588,607.00 (approximately RM 1,600,000.00) Building Details~ Accomodation/ Floor Furnishing Video (Site Details) Original Built-up Area: 2238 sq.ft. Estimated Gross Floor Area of the extended building: - Low Xin Yi 14WTR12670 Ng Teh Chen 14WTR13060 Wong Zi Hou 14WTR13061 Yap Ai Ling 14WTR12925 Objective Briefly explain on the details of subject property Valuation Methodology based on Comparison Method Valuation Methodology based on Cost Method To get the Market Value for subject property Land rectangular in shape Land Area : Approximately 5005.22 sq.ft (465 square meter) Built-Up Area: -Original area : 2238 sq.ft -Extended area : 1862 sq.ft -Total built-up area : 4100 sq.ft Residential use Details of Video Date of Valuation Subject Property We have not sighted a building surveyor/engineer’s report or inspected unexposed or inaccessible portions of the premises. We therefore cannot comment on the structural integrity, defect, rot or infestation or the improvements. BUILDING DETAILS Tenancy -Subject property was occupied Title particular Thank You^^ Group Member Building Details Services Assumption Estimation of Gross Floor Area Details of Subject Property Valuation Methodology Introduction Comparison Method Instructed by Mr. Chia Ming Tik Mr. Chia Oh Yan Mdm. Cho Yu Soon to ascertain the current Market Value of the subject property Comprise of: Location Surrounding Locality Facilities Amenities External and Internal view of Subject Property Video Purpose of Valuation COMPARISON METHOD Calculations Adjustment Table SITE DETAILS Title particular Comparison method Cost method Cost Method Loan Financing Title particular Cost Method 23 October 2014 No 5, Jalan Akasia 6, Saujana Akasia, 47000 Sungai Buloh, Selangor Darul Ehsan Occupancy Status Site COMPARISON DATA Town Planning Calculation Double Storey Detached House Postal Address Unit. 5, Jalan Akasia 6, Saujana Akasia, 47000, Sungai Buloh, Selangor Mains water supply
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