High rise Condominium Project Valuation
Condominium Project 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 the Post Finance loans for the clients.
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 the valuation method
Second case is the 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.
The documents required in this valuation are utility plan, sales unit plan and Bill of Quantities (BOQ) in the common area.