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| Our Services | ||||
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WMMK provides the full range of property/asset valuation, estate agency, property management, project management and property consultancy services and which are briefly described as follows: |
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The basis of valuation is usually Market Value which is defined as the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without compulsion. We also carry out Non-Market Value based valuations, which may be required by clients. For financial reporting purposes, specialised properties by virtue of the fact that they are rarely, if ever sold in the open market may be valued by the Depreciated Replacement Cost basis (DRC), subject to adequate profit potentiality or service potential. Other examples of Non-Market Value based valuations are Going Concern Value, Special Value, Forced Sale Value, Value in Use, Investment Value, Insurance Value and Salvage Value. Machinery,
plant & equipment found within factory premises are valued based
on Market Value or DRC which is the present market price for
machinery, plant and equipment taking into account the present cost
of freight, taxes, labour, overheads and installation charges and
depreciated according to the condition and life span of the
machinery, plant and equipment in comparison with new machinery,
plant and equipment of the same kind and assuming:
We undertake valuations of assets in Malaysia as well as overseas. (ii) Real Estate Agency We are licensed as Registered Estate Agents, a legal requirement in Malaysia to undertake Sales and Lettings of all property types for individuals, corporate clients and corporations. We adhere to the Malaysian Estate Agency Standards issued by the Board of Valuers, Appraisers & Estate Agents Malaysia (MEAS), which lays down rules and regulations for estate agency practice. We act for clients in the capacity of Exclusive Agents, Sole Agents, Joint Agents or on an Ad-hoc basis. Properties can be sold in various modes such as private treaty, auction or tender and advice can be accorded for the best mode for your property requirements. (iii) Property Management We are licensed to provide property management services by the Board of Valuers, Appraisers & Estate Agents Malaysia. Professional property management ensures returns on property are maximized by minimizing operational costs. We manage lettings, physical maintenance, building efficiency, manage and supervise service contracts, advice on rents and sales, insurance coverage and advise on rating assessments and appeals. (iv) Market and Feasibility Studies Determine and establish viability of property development projects, assessing demand, sale prices, costs and returns. We also act as Development and Property Consultant for on-hand input on market situation, project costs and building designs. (v) Auctioneering Auction of properties used as collateral for loans which have become non-performing on behalf of banks and other financial institutions. (vi) Project Management Manage
property development projects to ensure timely completion within
budgeted costs, cash flow, safety, security etc. |
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