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Do I need to apply to any authority or inform MCST for the home office scheme

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Certainly, based on the calculations, the valuation for PLUS Block 20 #xx-xx is S$ 7,270,000 - S$ 8,890,000
As supporting information, the following transactions have been reviewed to determine the open market value, although it's possible some were intentionally excluded.
DateAddressFloor Area (sqft)Price ($)Price ($ psf)
04/Dec/202320 Cecil Street #XX-XX2,1747,392,000$3,400
07/Jun/202320 CECIL STREET #XX-XX2,4228,355,900$3,450
04/Apr/202320 CECIL STREET #XX-XX2,3797,200,000$3,027
19/Oct/202220 CECIL STREET #XX-XX2,3367,300,000$3,125