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Singapore Real Estate Exchange (SRX) is a consortium of leading real estate agencies administered by StreetSine Technology Group in Singapore. [1] The Exchange provides the prices of recently sold properties to participating real estate agents more rapidly than conventional, official channels run by the Urban Redevelopment Authority and Housing Development Board.
Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). Real estate transactions often require appraisals because every property has unique characteristics.
The Gross Annual Value is also used in the United Kingdom as the basis for calculating Income tax from property following the replacement of property rates with the Community Charge. [ 4 ] It has in some cases become a more general term to refer to the annual value of an asset before expenses incurred relating to the ownership of the asset.
Property owners with rental income may make claims on the total amount of their rental expenses. Alternatively, they may claim deemed rental expenses calculated based on 15% of the gross rent. In addition to the 15% deemed rental expenses, property owners may claim mortgage interest on the loan taken to purchase the tenanted property. [6]
Since 1 January 2011, all property agencies and agents must hold a valid licence or registration respectively, if they wish to conduct any work relating to the sale and leasing of residential, commercial and industrial properties in Singapore.
The Istana is the official residence of the President of Singapore. The reserves of the Government of Singapore is a collection of assets, after subtracting for liabilities, owned by the Government of Singapore and the entities listed in the fifth schedule of the Constitution , such as the Central Provident Fund (CPF), Housing and Development ...
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By the 1940s and 1950s, Singapore experienced rapid population growth, with the population increasing to 1.7 million from 940,700 between 1947 and 1957. The living conditions of people in Singapore worsened, with many people living in informal settlements or cramped shophouses. [3]