Valuation by Property Type

Housing Project 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 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 housing estate valuation are utility plan, sales unit plan and Bill of Quantities (BOQ) in the common area.

Sport Club Valuation      Sports Club Valuation or Appraisal is unique in its own way. The valuation is made on the membership system which can be both short term and long term. In the valuation date, the main factors that must be focused on are the capacity of accepting the members, currently, are the memberships already sold out or able to accept more, the membership rates or fees as well as other factors to be considered is the expenditure which includes salary, maintenance fee or sport machine rental fee etc. The financial structure is fairly similar to a golf course. The document that will be required in this sports club valuation is all the previous performance results which will be used to interview the concerned person. Last but not least, please note that sometimes, expropriation costs for long term membership need to be considered as well in case the valuation purpose is to change the utilization to be something else which is also known as ‘Alternative Use’.

Hospital Valuation       Hospital and Healthcare Valuation in Thailand. For this type of valuation, there is a relation between machinery, medical equipment valuation, and hospital business valuation. However, please note that they are entirely different. The valuation method used for hospital appraisal is the ‘Income Approach’. The main essential variables are the number of rooms, beds, IPD, OPD, occupancy rate, the average rate of the service day, and the room rate for both single and shared spaces. On the other hand, on the side of expenses, the factors that will be brought to the table for consideration are medical fees, employee salary, maintenance fee, cost of medicine, drug and service, etc. The document required in this type of property valuation is all previous performance results in which an interview might be conducted with the responsible party.

Plantation and Forest Valuation Plantation and Forest Appraisal in Thailand or Tree valuation, to be used as collateral for loans which can be considered all these main factors below: List of trees that have been listed according to the ministerial regulation or outside the list. Age of trees and stalk size Species of trees, products with a different market structure such as ornamental wood or wood for industrial use Amount of density in the area The valuation method that valuers will utilize depends on the information received; for example, if you have the information on the market that can be used to make a comparison between the price of vacant land and land with forest plantations. By doing this, you should be able to find the value of trees, or in some cases, that the trees can cut and sell. You can also compare the market purchasing price at the factory. Estimating the flow of income of rubber trees that can tap today, and then deduct with the sales at the expiration year, which can be discounted to the present value. The required documents in plantation and forest valuation are a list of trees that have been done or new as this will impact the certification of the number of trees that must agree. Apart from this, another required paper is a land document of right where those trees are located and planted.

Plant & Factory Valuation Land and factories are industrial sectors designed with specific objectives according to the form of the product and manufacture. Moreover, the appearance and structure of each factory will not be quite similar even though they are in the same industry. The most important factors for the factory are load design, roof height structure, the appropriate layout arrangement, machinery, and production lines. On the other hand, for the function of the service section in terms of production lines which can be either a separate building or even part of the main factory. The management concerning the production support functions such as wastewater, emissions, and pollution management must be considered from the location of the division function. Hence, it is necessary to carefully consider whether the site of the service function is complete in the valuation. It is not just about appraising the value of the primary factory location alone. The ‘Cost Approach’ seems to be the most suitable valuation method for summarizing the value. However, the ‘Market Approach’ should also be used for reviewing the summarized value by comparing the information with the other factories in the same industry together. A concept to always keep in mind is that ‘production in the same industry requires the same or similar sources of raw materials and labors to ensure that the quality and quantity of the products are in demand and competitive.’ Therefore, the competition in terms of cost control per ton per unit that are similar will lead to the procurement of land, buildings & machinery must be under good contender as it will be engaging in the market. However, please note that another factor to consider for the factory valuation is when the factory will transform into another kind of utilization. Factory valuation may also include machinery valuation, depending on the appraisal scope. In this property valuation, these are all the documents that are needed: The title deed of the factory Building construction permit Plan showing layout of the fence around the factory and the building location Floor plans of all buildings Factory business license/permit Production flow chart Waste management plan R.1 building inspection report for factories with an area of ​​more than 5,000 square meters Environmental impact report (if applicable)

Golf Course Valuation In Thailand, there are more than 200 golf courses that offer various functions, uniqueness, are internationally renowned, and are one of the favorite destinations of golfers around the world. We provide all levels of golf experiences, from the best that can host a PGA tournament down until normal or basic level. Therefore, please note that the difference in qualities and classes must be inspected and differentiate carefully before conducting the valuation. When it comes to appraising the golf course, it is better to have the valuers who play or have knowledge about golf so that they can try out the course for a first-hand experience to conduct a better comparison. Therefore, if the valuers do not have any knowledge of this, our suggestion is to find an expert to be a consultant. Golf courses are a type of property that generates income with a specific characteristic to be considered, which are a short-term and long-term membership system. Golfers’ statistics must be separated into weekdays and weekends/holidays, sports days or sports events, and a charter for tournaments and competitions that contribute to a green fee. The other incomes are those revenues considered from food and beverage, catering, shops (in the clubhouse and on the field), golf cart, and the shares of caddies, etc. On the other hand, the expenses will be considered from field maintenance fee, wage/salary, food, products, water, etc. The valuation can be conducted using the ‘Market Approach’ since there is plenty of purchasing information that can be found easily to make a market comparison which will give you very accurate results. However, the grade and level of the golf course must be classified or categorized carefully as there are various. However, please note that the ‘Cost Approach’ is also necessary as a valuation method for price review since each course’s design and development cost (per hole) will vary according to grades or levels. In addition, the consideration of depreciation should also make very clear since some of the courses that often have maintenance in the fairway may not have any depreciation cost at all. That is why this type of property valuation is very different compared to other types with building, improvement, etc. Please be advised that many golf courses also offer hospitality services by operating a hotel or resort at the same time. Therefore, this is also a significant factor in considering whether to appraise by including or excluding these properties. Please refer to all the required documents for golf course valuation below: Land document of right Deed plan or land cadastral map Plan of layout field Income and expenses of the past 3 years (clearly show the revenue channel) Number of golfers monthly/yearly statistics Summary of membership status categorized with benefits Green fee ทางลัดบริการ ค้นหาบริการ สนใจ ประเมินราคาสนามกอล์ฟ Click บริการที่เกี่ยวข้อง

Housing Valuation The most common purposes of housing appraisal are to request a loan and setting the selling price. A free home appraisal or second-hand home appraisal can be done by yourself using two primary valuation methods, which are ‘Market Comparison’ and ‘Cost Approach’. If the house is located in the housing estate, a market comparison method will be used to calculate the value, while valuers will use a cost approach method for price reviews. On the other hand, if it is a house built for specific purposes outside the housing estate project, a cost approach method will be applied by taking the market price of the land together with the cost of building construction which already deducted the depreciation cost, resulting in the cost of a house plus land. For those who wish to make a free home appraisal by themselves to know the price. Suppose your house is located in the housing estate, our suggestion is to survey the houses in this project to see how many units are offered for sale. After that, make a comparison with your home one by one. The three crucial factors you should bring to the table for comparison are the land area in square wah, building area in a square meter, and other improvements. By doing this, you will know the approximate price of your house without spending or wasting any money, which is also known as ‘free home appraisal’. Our recommendation is to only hire the valuation company when necessary, such as when the proper valuation reports are required. Free Inquiry for Appraisal Service Fee Quick and convenient quotation of an estimated service fee without having to go through formal staff inquiries. Easy and simple steps for those who require appraisal reports for various purposes. In the past, the first step of learning the service fee can be time-consuming. Our innovation has made this much more accessible for our potential customers to find out about our service fees case by case and understand the terms of our appraisal services in accordance with professional standards. Customers will receive an official quotation of the estimated cost of our service.

Hospital Valuation Hospital and Healthcare Valuation in Thailand. For this type of valuation, there is a relation between machinery, medical equipment valuation, and hospital business valuation. However, please note that they are entirely different. The valuation method used for hospital appraisal is the ‘Income Approach’. The main essential variables are the number of rooms, beds, IPD, OPD, occupancy rate, the average rate of the service day, and the room rate for both single and shared spaces. On the other hand, on the side of expenses, the factors that will be brought to the table for consideration are medical fees, employee salary, maintenance fee, cost of medicine, drug and service, etc. The document required in this type of property valuation is all previous performance results in which an interview might be conducted with the responsible party.