Valuation by Property Type

Property appraisal by each type of real estate varies according to the characteristics of each property type. To elaborate on this, the nature of use according to the target group of users, location, classification of tangible or intangible assets are all taken into account.

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Mall & Department Store Valuation

Mall & Department Store Valuation       Shopping Mall Valuation in Thailand? Nowadays, shopping malls have been developed into many forms, such as department stores, superstores, community malls, and plazas. It is considered to be a type of business operation. Hence, the most suitable valuation method to use is the ‘Income Approach’ together with the two most significant variables: the number of rental units and the location of each unit, which will affect the rental fee as per contract (square meter) determined by the project. After that, the result will be compared with the market rental rate and comparison of project information. There are various factors to take into consideration, for example, the primary tenant that influences that mall. However, they may not have to pay the total rent. In this case, there will be a difference in incentive compensation in the form of a hidden rate that needs to be considered and affects the property value. The documents required in shopping mall valuation are the floor plan of the sales area, a summary of tenant details, rental conditions, etc.

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Office Space Valuation

    Office Space Valuation      Office Space Appraisal in Thailand? Such as office buildings, office condominium units, office space for rent, including facilities for rent or mini offices for sale. The factors that you will need to take into account are rental income from many different tenants, a single contractor, also known as ‘leasing’, or even used by the owner. Therefore, the information regarding the retail lease agreement should be disclosed from the employer and make a comparison between the contract price and the market price of rent as well as the vacancy rate between the contract and market to see how much the difference is. Nowadays, the purchasing of the office building price can be found easily. Therefore, the ‘Market Approach’ can be utilized as the office valuation method by directly comparing the market price, giving an accurate appraised office value.

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Apartment Valuation

Apartment Valuation For those who are seeking for apartment valuation. First of all, the apartment is considered one of the mutual residential buildings, similar to a condominium according to Thailand’s law and regulation. The factors that should be considered in fundamental laws are the number of rooms, construction permission requests, monthly and daily rent, or a type of apartment that serves full service, also known as ‘Serviced Apartments.’ At the same time, the factors that will use to consider the market rental fee are the size of rooms, air-conditioned or non-air-conditioned, housekeeping services, and other facilities. Revenue is generated through services provided. Hence, valuers usually adopt the income approach method, also use in business valuation. Usually, a particular need of the clients is to study the other forms of utilization, also known as a transformation from ‘Existing Use’ to ‘Alternative Use.’ In this case, an alternative use can be a Hotel Service Apartment, and to be able to do this, which type of operation license should you request? Last but not least, please refer to a list of documents that are needed in apartment valuation below: Land document of right where the hotel is located Construction permit Building plan Plan showing the location of the building Apartment business license/permit ทางลัดบริการ ค้นหาบริการ สนใจ ประเมินราคาหอพักอพาร์ทเม้นท์ Click บริการที่เกี่ยวข้อง

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Hotel & Resort Valuation

Hotel & Resort Valuation For hotel valuation in Thailand, users should clearly understand the appraisal of real estate values together with assets used in the business operations and the appraisal of the entire business, also known as ‘business valuation.’ This is very important since the value will be completely different which means that if the purpose of the valuation is for purchasing, it will have to be considered a transaction directly to the Asset or Business takeover or merger indirectly. As you know that most of the hotels are city hotels with buildings and towers, while the resorts will be villas or lodges that are located in the tourist destinations outside the city, which usually makes them outshine hotels when it comes to area and space. The hotel is categorized as a type of property that generates revenue. Therefore, the hotel’s revenue generation capability will be considered: vacancy rate, room rate, selling price, and actual selling price. Mostly, the main revenue channels of the hotel come from rooms, foods & beverages, catering/event/conference, and other incomes related to the property, respectively. Please note that other business incomes must filter out in which both parties, valuers, and clients must be on the same page by having an explicit agreement on whether the purpose of this appraisal is for business or property valuation to avoid confusion and errors. For the reviewing method, the ‘Cost Approach’ must be used. The factors to consider are the materials and equipment used in hotel operations are the same basis as the cost approach method since this valuation method already includes the equipment and material for decoration. The cost approach in some cases that only consider the price of land and buildings/improvements will result in a significantly different price basis. For your information, the ‘Market Approach’ is also critical and might even be a more reliable valuation method than the other two mentioned earlier. However, to do this, you must have information about different hotels categorized at the same level to conduct a market comparison. The additional factors should also be considered for the appraisal of those hotels managed by the hotel chains. Therefore, a clear understanding is required in this valuation as if the employer would like to appraise the performance under the hotel chain management. The valuation can be done under the additional assumption that the chain’s contract has been extended continuously. The required documents in hotel valuation are: Land document of right where the hotel is located Hotel construction permit Building plan Plan showing the location of the building Hotel business license/permit Occupancy rate (guest/room) Summary of the business operation for the past 3 years Inspection report of secondary building ROR. 1 (for a hotel with 80 rooms or more) Report of the EIA (for a hotel with 80 rooms or more) Management contract (if applicable) ทางลัดบริการ ค้นหาบริการ สนใจ ประเมินราคาโรงแรม Click บริการที่เกี่ยวข้อง

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Warehouse Valuation

Warehouse Valuation Warehouses are part of the logistic business sector. In Thailand, we provide various types of warehouse market rent, depending on the location. The product target market is also considered one of the variables that contribute to hazardous chemical storage places, etc. A warehouse is a rental place for storing goods or equipment, each of which may have a condition of the type of goods to be stored. This is a requirement that affects the market rental price per square meter and other services. In addition, other services besides income are considered to be the difference that can affect the market rent as an overall image. This can be analyzed in terms of the benefits and drawbacks of each warehouse. Apart from this, the factors that also need to be considered are expenses not included in the rental fee, such as tax, electricity, water, chiller, etc. In this case, the suitable valuation method in this property appraisal is the ‘Income Approach’, which mainly focuses on market rental fee, contract rental fee, and the actual vacancy rate. On the other hand, the ‘Cost Approach’ will also be used to review the price by considering the current land price, which includes building and improvements that have already been depreciated. Please refer to all the required documents for warehouse valuation below: Document of right where the warehouse is located Building construction permit Plan showing land location of the building Building floor plan showing division of the rental units Business license/permit Summary of tenant details (short term or long term contract) Summary of the business operation for the past 3 years ทางลัดบริการ ค้นหาบริการ สนใจ ประเมินราคาโกดัง Click บริการที่เกี่ยวข้อง

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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) ทางลัดบริการ ค้นหาบริการ สนใจ ประเมินราคาโรงงาน Click บริการที่เกี่ยวข้อง

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Infrastructure Valuation

การประเมินราคาระบบ Infrastructure นั้นมีมากมายหลายประเภท เช่น ระบบบริการชุมชนในชุมชนใหญ่ๆเช่น นิคมอุตสาหกรรม ระบบบริการน้ำใช้ ระบบบำบัดน้ำเสีย ระบบกำจัดขยะของเสีย ระบบบริการไฟฟ้า…

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Landscape Valuation

การประเมินราคา ส่วนปรับปรุงพัฒนาที่เป็น งานภูมิสถาปัตย์ แบ่งเป็น 2 ส่วนคือ งาน Hardscape คืองานที่เป็นส่วนโครงสร้างวัตถุที่สร้างขึ้นมา และงาน Softscape คืองานสวนและต้นไม้พืชพันธุ์ …

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