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Thread: Annual value of landed properties

  1. #1
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    Default Annual value of landed properties

    Is annual value of landed properties calculated based on land size or build-up. All things being equal, will the condo of X sqft have same annual value as a landed with land size X sqft.

  2. #2
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    what is the annual value of a 1800 terr house in serangoon gardens

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    Less than 30000.
    Quote Originally Posted by hutsutau
    what is the annual value of a 1800 terr house in serangoon gardens

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    Would this change if the house was built to 3 storey.

    Quote Originally Posted by DC33_2008
    Less than 30000.

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    It is not whether 2 or 3 storeys but the GFA.
    Quote Originally Posted by Santro
    Would this change if the house was built to 3 storey.

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    Quote Originally Posted by DC33_2008
    It is not whether 2 or 3 storeys but the GFA.
    so 1 storey terr pay the same as a rebuilt 3 storey house?

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    Quote Originally Posted by hutsutau
    so 1 storey terr pay the same as a rebuilt 3 storey house?
    The purpose of building 2 or 3 storey is to max out the GFA allowance. So for 3 storey terrace GFA will be higher.
    "Never argue with an idiot, or he will drag you down to his level and beat you with experience."

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    Quote Originally Posted by Santro
    Is annual value of landed properties calculated based on land size or build-up. All things being equal, will the condo of X sqft have same annual value as a landed with land size X sqft.
    According to the IRAS website the AV of a landed house is calculated based on the value of the freehold land.

    It did not specify how the AV of 99y and 999y LH land are calculated.

    So I think 1 storey or 3 storeys, the AV should be the same.

    http://www.iras.gov.sg/irasHome/page04_ektid2110.aspx

    "The Annual Value is determined at 5% of its estimated freehold market value."

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    For estate in fee simple, anything found on your land belongs to you.
    Quote Originally Posted by buttercarp
    According to the IRAS website the AV of a landed house is calculated based on the value of the freehold land.

    It did not specify how the AV of 99y and 999y LH land are calculated.

    So I think 1 storey or 3 storeys, the AV should be the same.

    http://www.iras.gov.sg/irasHome/page04_ektid2110.aspx

    "The Annual Value is determined at 5% of its estimated freehold market value."

  10. #10
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    Quote Originally Posted by DC33_2008
    For estate in fee simple, anything found on your land belongs to you.
    Yes sir, you are right!
    So that's the highest form of land ownership.
    Estate in perpetuity- if find treasure in it, it belongs to the state.

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    What is yours?
    Quote Originally Posted by buttercarp
    Yes sir, you are right!
    So that's the highest form of land ownership.
    Estate in perpetuity- if find treasure in it, it belongs to the state.

  12. #12
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    Quote Originally Posted by buttercarp
    According to the IRAS website the AV of a landed house is calculated based on the value of the freehold land.

    It did not specify how the AV of 99y and 999y LH land are calculated.

    So I think 1 storey or 3 storeys, the AV should be the same.

    http://www.iras.gov.sg/irasHome/page04_ektid2110.aspx

    "The Annual Value is determined at 5% of its estimated freehold market value."
    The AV of a property be it landed or non-landed is practically based on the average annual rental of similar properties within the same area. Not 5% of its market value...

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    Quote Originally Posted by Blue
    The AV of a property be it landed or non-landed is practically based on the average annual rental of similar properties within the same area. Not 5% of its market value...
    So this 5% of market value of the land refers to vacant land?

    http://www.iras.gov.sg/irasHome/page04_ektid2110.aspx


  14. #14
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    Quote Originally Posted by buttercarp
    So this 5% of market value of the land refers to vacant land?

    http://www.iras.gov.sg/irasHome/page04_ektid2110.aspx

    Yup, only applies to vacant land without buildings. But the irony part is, this method (5% of market value) will make the AV higher than the rental method.

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