- carrying out valuations on all types of land and buildings, e.g. commercial, industrial, residential, recreational, special use for letting, purchasing, sale, investment, mortgage, insurance, taxation and compensation
- acting as an counsellor for clients seeking to buy a property as an investment
- forecasting the returns on the capital invested
- projecting the cash flow
- advising on various aspects of the investment to ensure the best returns
- advising on specialised laws, procedures and policies relating to compensation and land acquisition
- assisting in the resolution and arbitration of disputes relating to the real estate
- advising owner on the right timing, the appropriate reserve price and the best packaging to extract maximum returns from the auction
- Property Auctioning Process
- receiving clients' instructions to auction property
- examining the physical aspects of the property
- Liaise with solicitors to obtain particulars and condition of sale
- valuing the property
- advising the owner on the reserve price
- advertising and promotional materials are prepared
- auction is announced publicly in advance of the event
- usually held in a hotel
- inviting bids for it in appropriate increments
- closing the auction with the fall of the hammer to conclude the deal
Auctioning Chattels — Office equipment, plant and machinery, jewellery, paintings, carpets and other chattels (movable items) can also be sold via auction by licensed auctioneers.
- receiving instructions from a seller
- helping the client to formulate marketing strategy
- determining the right price for the property
- advising on the packaging of the product and the optimal timing of the sale
- handling all negotiations
- helping to arrange the necessary documentation to complete the sale
- assisting buyers in arranging financing where necessary
Leasing Of Properties
- helping the landlord to determine the market rent for the property
- helping to prepare the relevant lease agreement
- making necessary arrangements for the connection of utilities
- monitoring the lease on behalf of the owner where instructed
- ensuring all terms and conditions are properly observed by the tenant
- helping to arrange appropriate contractors to carry out repair and maintenance works on the property if necessary
Project Marketing
- providing key input into the design of the project
- planning and co-ordinating the marketing effort
- determining the arrangement of show units
- handling enquiries
- advising on statutory requirements with respect to the sale of properties, and monitoring payments
Looking For Space
- assisting client in negotiating with the owners for the best possible terms for the desired space
- tenant relations
- liaison with government
- public relationships with owners in a condominium
- promotional activities, e.g. development of management plans, budgeting, the meeting of statutory obligations, capital improvements, etc.
- day-to-day running of the building
- ensuring maximum return on investment for the client
- managing entire housing estates and town councils
- analysing the feasibility of a
property development project, e.g.
- the suitability of the site
- the constraints imposed by the government planning authorities
- future
- unknown market conditions
- the right financing package
- development theme
- end user requirements
- conducting market surveys
- analysing demand and supply
- performing the financial calculations to determine the feasibility of any property development project
- enabling the developer to make sound decision on how and when to proceed with the project
- leading the project development team
- planning and co-ordinating with various professionals, e.g. the architects, the engineers, the quantity surveyors and the contractors