Housing Estate Valuation
Housing Estate Valuation or Appraisal in Thailand is divided into 2 cases. First, to know the project development costs and second, to know the unit price in order to help and support Post Finance loans for the clients. For the first case, it will be the valuation during the construction which is also divided into 2 parts: public areas or utilities and sales area or sales unit. In addition, the ‘Cost Approach’ will be applied when it comes to valuation method. On the other hand, for the second case which is Post Finance or Refinance of Debt, when all units are almost or sold out, the appraisal will be conducted based on the market price for individual units of each type for post financing purposes. To be use as bank's collateral, individuak housing valuation maybe required against buyer/owner. The documents which will be required in this housing estate valuation are utility plan, sales unit plan and Bill of Quantities (BOQ) in the common area.