FAQ - Frequently Asked Question
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Q.
What is the use of a property valuation report?
A.
A property valuation report can serve various purposes, including immigration, taxation, accounting, court litigation, and reference for buying or selling. Surveyors will determine the format of the report and write the valuation report based on the specific purpose.
Q.
What types of properties can be valued?
A.
Residential properties, village houses, offices, factories, agricultural land, parking spaces, external walls, entire properties, land plots, etc., can all be subject to valuation.
Q.
Can haunted houses be valued?
A.
Generally, haunted houses can be valued. Surveyors will analyze and value haunted properties based on the severity of the accident, the date of the incident, and refer to the transactions of similar haunted properties.
Q.
Why is a property valuation report necessary for overseas immigration?
A.
Foreign governments may require the calculation of capital gains tax. Most clients will have their properties in Hong Kong that have not been sold valued before immigration for future calculation of capital gains tax after selling the property.
Q.
Can a specific valuation date be designated for a property valuation report?
A.
When commissioning a property valuation report, the client must specify the valuation date. The valuation date can be any date after the completion of the property but cannot be later than the report writing date.
Q.
What information needs to be provided for a property valuation?
A.
Before commissioning a property valuation report, the client must provide the property address, the purpose of the report, and the valuation date.
Q.
Does the rental income of a commercial property affect its valuation?
A.
The rental income of a commercial property does have an impact on its valuation.
Q.
What is the validity period of a property valuation report?
A.
Property valuation reports generally do not have a specific expiration date. Each property valuation report will have a designated valuation date, and the valuation within the report is based on the market conditions on that date.
