Asset Valuation
In many cases, you may need to submit a property valuation report to prove the status of your assets, such as for overseas immigration tax filings, public housing asset reviews, or applying for government grants. To declare assets, you might need to prepare a qualified property valuation report to demonstrate the value of your property assets. This requirement is not limited to properties in Hong Kong but also includes properties in mainland China and overseas. Professional surveyors can provide expert valuation services for different types of properties. Typically, the demand for valuation reports for domestic properties is the highest based on client inquiries. The fees for the report depend on the property's location and whether there are transaction data available nearby.
When applying for a mainland China property valuation report, it is important to provide a copy of the property certificate. If the client cannot provide this copy, the surveyor may not be able to carry out the valuation service. Therefore, preparing the relevant domestic documents is crucial.
If you can provide photos or videos of the interior, it will help the surveyor conduct a better property valuation. This visual material can enhance the accuracy of the valuation and make the entire process smoother.
Public Housing Tenants' Asset Review
As the Housing Authority conducts strict reviews of public housing tenants' asset declarations, many tenants are beginning to pay attention to the declaration of their property assets. The Housing Authority has stated that owning properties in the Mainland or overseas does not mean tenants will lose their public housing eligibility, but these properties must be truthfully declared as part of their assets. If the total assets exceed the specified limit, tenants will need to return their public housing units according to the regulations.
Can valuations be conducted for properties in Mainland China?
In addition to providing property valuations in Hong Kong, Centaline Surveyors, as a wholly-owned subsidiary of Centaline Group, has established close cooperation with Centaline Realty and various subsidiaries under the group. We can conduct valuations for properties in Mainland China. Relying on Centaline Group's extensive business operations and leading market share in Hong Kong and Mainland China, our property valuation analysis is more transparent and comprehensive.
How is the fee for property valuation reports ?
Our property valuation service fees are adjusted based on the type of property, the number of valuation dates required, and the transaction situations of comparable properties. After confirming property information and valuation needs, we will finalize the quote to ensure that the fees for the property valuation report are reasonable and affordable.
