Failure to get proper valuation of HDB flat cost divorcing owner $15,000

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The story "Failure to get proper valuation of HDB flat cost divorcing owner $15,000" was covered 6 hours ago by The Straits Times, a news publisher based in Singapore.

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The Straits Times 6h ago

Failure to get proper valuation of HDB flat cost divorcing owner $15,000 - The Straits Times

Quick Summary:

Instead of paying for a valuation, one owner ended paying more to his ex-wife because he used previous sales data in his divorce.

He argued that the flat was worth $480,000 but his wife, who also looked at past transactions, came up with a figure of $560,000 – a valuation eventually accepted by the Family Court.

Instead of paying just $120 to get a proper valuation of his Housing Board flat, a man embroiled in divorce proceedings took the free option by relying on past transactions of similar units to price his home.