Additional Service Beyond Valuation

In the form of real estate project development from a plot of land which can be either an empty land or the land that would like to change utilization. In this case, the project feasibility study is necessary and required to assure whether the following land plot can be utilized in which form according to the legal requirements as a basis and determining based on the nature of the land, financial restriction in the form of studying the maximum utilization of land which also know as ‘Highest and Best Use: HABU’ or even studying according to the style of aptitude of the landlord or developers to be compared. Therefore, the level of the project feasibility study will be approximately 3 levels based on the customer interest which are first, study according to the land development model by referring to the highest and best use according to the conditions of applicable law which are considered from the basic market condition, demand side and supply side to define 2-3 project formats. Second, the study of the feasibility of the project form that is clearer in terms of the design of the project appearance in collaboration with architects creating Conceptual designs that the valuers will delve into giving comments such as room size and components in the room which will study and consider in detail about the behavior with regard to the needs of buyers or target customers. Third, the study of financial feasibility will be presented to the source of investment funds in order to support the construction development cost. That being said, customers can use any service at each level as appropriate. Aside from the feasibility study for project development, study for buying, selling, renting, loan request, as well as a joint venture to find somebody to participate in the project, can also be other purposes when it comes to feasibility study.

In addition to the valuation of the business that must be done before any transactions of property or merger of business, a thorough inspection or Due Diligence process must be taken into account. Back-end trading is more popular but eventually due diligence is a must when we are considering the large amount of assets to be transferred in the process. The complete details of the property must be verified in order to ensure the transparency or any burdens/obligations that the business may have, such as debt burden, tax burden, the burden of lawsuits as the plaintiff and the defendant burden on property, burden of claim, burden of the existing shareholders, burdens in various communities. In addition, our service also offers a detailed inspection of the property or a reconstruction of the property account.

Land acquisition also known as Site Selection for large corporations that need to purchase land for the expansion of business and production base. Factory establishment requires the consolidation of large plots of land through purchasing. Setting up a small branch office requires a similar site selection process which is under the responsibility of the purchasing committee or purchasing department. Usually, several locations are identified before comparison which is done based on scoring the plots of land based on its characteristics and offering price. This helps the purchasing decision process which is done by the management. In addition, our service also includes the recommendation of locations in which the corporation might have not identified, based on our appraisers’ opinions. This will support the business operation, allowing the organization to seek the most suitable and efficient site with cheaper price point and highest potential for usage of the business.

Creating a business plan is an important part of running a business which can be divided into an annual or interim business plan. Business plan may include a business expansion project to continue the existing business or preparing a business rehabilitation plan. Business plan can be in the form of a joint venture or a startup business that wants to raise money from various sources.

If you have a property does not matter if it is vacant land or property that has already been utilized. When it is time that you would like to switch or change the type of utilization to something else, one of the options that should be prepared is finding a business partner or joint venture which requires a process of studying the maximum utilization of land which also know as ‘Highest and Best Use’, the aptitude of the landlord, development segmentation, roadshow to find interested parties, establishment of a new juristic person to manage, land valuation as a capital, preparation of funding when matching. However, renting out land for long-term is also another option for the owners. Please contact us if you are interested.

It may seem difficult and complicated when the owners of the properties want to sell or rent out the properties by themselves. However, it is not as hard as what you think by following all these simple steps. How to maximize the benefits in order to be effective in terms of setting the starting price that will not deviate from the market? Will the price be able to be determined according to the official appraisal value, requesting the certification from the Department of Land or not? For your information, when the price is already set, the negotiation must be effective as well as in the case of renting out by yourself will help you save cost since there will be no commission to pay. Consultation whether to sell or rent service is consist of: 3-5 hours self-training course on Property Sales Management  Principle of setting the selling price to gain an advantage over your competitors What is the difference between the market price and the official appraisal price? Apply to which occasion? The expenses incurred in the transfer of trading Analyze target groups of buyers Advertising to reach the target audience Create a presentation for sales success Juristic registration and contract signing Principle of selecting a broker when using an agent

The Property Tax Act was announced in the Royal Decree to be effective immediately from 1st January 2020 onwards, affecting the new property tax structure change for all types of assets and properties which is different from the old tax structure in the form of local maintenance tax or property tax as before. Overall, the first factor that affects the new property tax is the property appraised value which may not be the current market value but uses the official appraisal base. For your information, it will be the combination of the land price plus the price according to the book value of the buildings and improvements on the land. The factor is land utilization. Please note that the tax will be paid at a higher rate for those unused land or the ceilings will go up higher and higher for those that have been left for a long period of time. Therefore, this shows that the lands that have been abandoned are not considered good. In this case, the landlord will need to hurry and find a way to utilize the land regardless of whether for agriculture or improvement of housing uses. However, it must be well-formatted according to the applicable laws, such as the percentage of space usage, etc. Regarding the long-term management plan, we recommend you to bring the land to study the forms of land use in order to achieve the maximum utilization or ‘Highest and Best Use’ for both, form or land use as well as finding investors to invest in our land. This is called turning the burden into an opportunity in adding more value to the land.