Valuer

Valuers are professionals who determine the market value of land or buildings. They use their knowledge to then advise their clients on how to get the most profit from selling or renting their property.

Valuer Job Description

Take measurements of the property's interior and exterior.

Inspect both the exterior and interior of buildings for damage or structural issues.

Propose ways of improving the property to increase its value.

Compare the value of the property with surrounding properties' values.

Write a report of all the findings, including photographs of the property being evaluated.

Analyse local market trends and data to inform valuation estimates and provide clients with current market insights.

Attend auctions and visit properties for sale to keep abreast of the Real Estate market and valuation standards.

Engage with Legal and municipal documents to ensure all property details are accurate and compliant with local regulations.

Note

Specialising in one property type sharpens Valuers' insights, enabling more accurate, valuable client advice.

What you should know about Valuer jobs in Singapore

Nature of Work

You must assess property value using the most recent data, considering market trends and property specifics for the most accurate evaluations.

Key Advice

You should master various appraisal methods, such as Sales Comparison Approach and Cost Approach Appraisal, for accurate property evaluations.

Entry Requirements

Entry Requirements
Minimally a bachelor's degree in Real Estate or similar.

You will need to obtain a licence, which requires at least 2 years of experience working as Real Estate Agents. You must be licensed by the Singapore Institute of Surveyors and Valuers (SISV) or the Inland Revenue Authority of Singapore (IRAS). The link between IRAS and Valuers may not be obvious but IRAS deals with property tax. Hence, it needs Valuers to determine the tax amount, which is why it issues licences to Property Valuers.

Knowledge of local property Laws, regulations, and guidelines, including those related to land use, zoning, and environmental restrictions, to ensure compliance in valuations.
Possible Pathway

Possible Pathway

Skills you need to pursue a Valuer career in Singapore

Hard Skills

Knowledgeable in Local Property Market

Understanding of market trends, property laws, and economic factors affecting values.

Appraisal Methods

Mastery of valuation techniques, including comparative, income, and cost approaches for accurate assessments.

Knowledge of Local Real Estate Industry

Familiarity with Real Estate regulations, development patterns, and investment climate.

Soft Skills

Attention to Detail

Precision in analysing property features, legal documents, and market data for exact valuations.

Problem-Solving

Ability to navigate complex valuation challenges, adapting methods to unique property characteristics.

Communication

Efficient in conveying valuation findings, negotiating with stakeholders, and writing comprehensive reports.

Frequently asked questions (FAQs)

How do Valuers get a licence to practise?

Valuers first need to be a member of SISV, as part of their firm or individually. They also need minimally 2 years of experience in the industry. To get a license, IRAS needs a testimonial and appraisal from a licenced professional to prove that they can perform independently. IRAS also requires them to renew their licence annually.
Must Valuers be good at networking in the industry?

Yes! Making connections is crucial as it opens up many opportunities for them. With an extensive network, they can get the chance to attend exclusive listings and get more clients from word of mouth.
What are the three most used methodologies of valuation?

The three commonly used valuation methodologies are the discounted cash flow analysis, comparable company analysis and precedent transaction analysis.
What is the difference between Equity Value and Enterprise Value?

Enterprise Value is the total value of a company, including the current share price and the cost to pay off the debt, while Equity Value is the value of a company's ownership after it has paid off all its debts. This is the value that remains for the investors.
What is liquidation valuation method?

Liquidation valuation is a conservative valuation approach preferred during scenarios, such as bankruptcy or restructuring.