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Real Estate Valuation

Topic:Built Environment, Others

Course Type:Short & Modular Courses

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Overview

  • Course Date:

    25 May 2023 to 26 May 2023
  • Registration Period:

    15 Mar 2023 to 04 May 2023
  • Time:

    09:00 AM to 05:00 PM,
    14 hours / 2 days
  • Mode of Training:

    Facilitated Learning (F2F)
  • Venue:

    Singapore Polytechnic
  • Funding:

    Eligible for SkillsFuture Credit

Course Objective

This course aims to give participants:

  1. an understanding of valuation principles, concepts and practice and methods of valuation.
  2. the knowledge of how a property valuation is carried out.
  3. an appreciation of the relevance of real estate investments and market to property valuation in Singapore.

Course Outline

1. Valuation Concepts (2 hours)
1.1 Define property valuation.
1.2 Discuss general valuation concepts and principles.
1.3 Evaluate what market value is.
1.4 Summarise the role of a valuer.
1.5 Discuss the purpose of valuation in relation to mortgage, sale, purchase, stamp duty, estate duty, acquisition, accounting, etc.
1.6 Explain the valuation process.

2. Methods of Valuation (8 hours)
2.1 Explain the following methods of valuation and their applications:
a) Direct Comparison Method
b) Investment Method
c) Residual Analysis
2.2. Select the most suitable valuation method in particular situations.
2.3 Understand how a simple property valuation is carried out including inspection of property, collecting data, conducting searches and forming opinion.

3. Relevance of real estate investments and market to property valuation (4 hours)
3.1 Define investment.
3.2 Know the range of alternative investments.
3.3 Explain the measurement of investment returns.
3.4 Evaluate the advantages and disadvantages of real estate investments.
3.5 Discuss the characteristics of real estate market.
3.6 Describe real estate cycles.
3.7 Discuss the various sources of demand and supply of real estate.
3.8 Summarise the factors affecting demand and supply of real estate.

4. Interaction with real estate industry practitioners

Minimum Requirements

Nil

Certification / Accreditation


• Certificate of Attendance (electronic Certificate will be issued)
A Certificate of Attendance will be awarded to participants who meet at least 75% attendance rate

• Certificate of Completion (electronic Certificate will be issued)
A Certificate of Completion will be awarded to participants who pass the assessment and meet at least 75% attendance rate

Eligible participants who have completed the course with Certificate of Completion will be awarded with 4 Continuing Professional Development (CPD) points by Council for Estate Agencies (CEA) within the validity period as indicated by CEA. Please inform the administrator 2 weeks prior to course commencement if you would like to earn the CPD points.

Suitable for

Personnel working in the real estate sector

Course Fees

The course fees payable above are inclusive of prevailing GST rate.

Applicants/Eligibility SkillsFuture Funding GST Subsidised Fee (after GST)
Singapore Citizens aged 40 and above¹ $630.00 $18.90 $88.90
Singapore Citizens aged below 40 $490.00 $18.90 $228.90
Singapore Permanent Residents and LTVP+ Holders $490.00 $16.80 $228.90
SME-sponsored Singapore Citizens, Permanent Residents and LTVP+ Holders² $630.00 $18.90 $88.90
Others (Full fees payable) $0.00 $63.00 $763.00

Singaporeans aged 25 years and above may use **SkillsFuture Credit balance to offset respective course fees.

1 Under the SkillsFuture Mid-career Enhanced Subsidy. For more information, visit the SkillsFuture website here
2 Under the Enhanced Training Support for Small & Medium Enterprises (SMEs) Scheme. For more information of the scheme, click here. To view SP’s list of similar funded courses, click here. Please submit the attached “Declaration Form for Enhanced Training Support Scheme for SME” together with your online application.


Funding Incentives

Please click here for more information on funding incentives.


Application Procedure

Please click here for application procedures.
 

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