Can the bank match?

In the context of property valuation in Singapore, banks typically do not always match the valuation to the purchase price, especially if the property is older or if the market conditions suggest a different value.

- If the property is selling at or near the market price, most banks will match the valuation to the purchase price. However, if the property is considered old (for private properties, this is generally after 20 years, and for HDB flats, after 30 years), the valuation might be lower than the purchase price.
- Banks use independent valuers to assess the property's market value, considering factors such as location, size, condition, age of the property, and recent sales of similar properties in the area.
- In cases where there is a significant difference between the bank's valuation and the purchase price, the bank may be open to re-evaluating, but this does not guarantee that the valuation will match the purchase price.

To get a more accurate assessment, you can use tools like EdgeProp's Affordability Calculator and other property calculators to understand how much you can borrow and what the loan terms might be based on the property's valuation.