Appraiser's Licence (Lands and Buildings)

Appraiser's Licence (Lands and Buildings)

Apply for Appraiser’s Licence (Lands and Buildings)

Inland Revenue Authority of Singapore (IRAS)

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For Individual Users only

This licence is only for individuals with no Unique Entity Number (UEN).

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Please use desktop / laptop to apply for this licence.
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Application Details

This application allows you to apply for new licence to appraise lands and buildings in Singapore.

FAQ

  1. Do I need an appraiser licence to appraise?
    Yes. You require a licence under the Appraisers Act to appraise Lands and Buildings in Singapore.
  2. What is the criteria for new licence application?
    a) Applicant must hold a degree in Real Estate from NUS or its equivalent and have at least 2 years of relevant practical experience under the supervision of a licensed appraiser.
    b) Applicant must be a Member or Fellow of Singapore Institute of Surveyors and Valuers (SISV). With effect from 1 Jan 2014, an applicant with Probationer membership is not eligible for the application. For SISV membership, refer to http://www.sisv.org.sg.
  3. Is the licence issued to the individual and/or company?
    The Appraiser's Licence is issued to an individual only.
  4. What are the documents required for new licence application?
    a) Copy of NRIC / FIN (front and back).
    b) Copy of Real Estate degree certificate from NUS or its equivalent.
    c) Copy of Singapore Institute of Surveyors and Valuers (SISV)'s letter certifying your membership with the Valuation and General Practice council.
    d) A Letter from the company where you will be acting as an appraiser for. For self-employed appraiser, please indicate your current employment status and your company details.
    e) A testimonial from a licensed appraiser whom you have worked under his/her supervision and cite 3 key appraisers report prepared by you with supporting details.
  5. I have difficulty navigating through the application process, what should I do?
    Please call GoBusiness Licensing helpdesk at 6774 1430 during support hours for assistance.
  6. I am an existing licence holder, what do I have to do now?
    In Nov of each year, you shall receive a notification code known as RRN (Request for Renewal Number) sent to your registered mobile number and email. You are to login to GoBusiness Licensing with your SingPass, enter the RRN to retrieve your renewal application.
    If you have changed your contact details since your last renewal, please update us at appraiserlicence@iras.gov.sg .
  7. Can I delegate my renewal application to my company?
    As the Appraiser's Licence is issued to an individual and not to the company, corporate login is not available. Individual licence holder would need to log in with your SingPass and validate your submission.
  8. When do I expect to receive the renewed licence?
    Upon verification of your credentials and successful payment of fees, the licence certificate will be generated immediately and made available for download.
  9. Will I receive a copy of the licence mailed to my residential address?
    No. An electronic licence will be available in the portal upon approval. You can download the licence for your appraising purpose.
  10. What is the cut-off date for the renewal application?
    You are required under the Appraisers Act to renew your licence for next year before 21 Dec of the current year.
  11. What is the validity of the Appraiser's Licence?
    The Appraiser's Licence is valid for a year and will expire by 31 Dec of each year. It is an offence to practice without a valid licence under the Appraisers Act.
  12. What is the fee payable for new Appraiser's Licence?
    The licence fee payable is $125 for new licence.
  13. What is the fee payable for amending the company name on Appraiser's Licence?
    The processing fee payable is $20. Please upload the required supporting documents when amending the licence.
  14. Do I need to pay processing fee if I change my residential address on Appraiser's Licence?
    The amendment fee payable is $20. Please upload the required supporting documents when amending the licence.
  15. What is the fee payable for renewing Appraiser's Licence?
    The licence fee payable is $125 for renewal licence.
  16. What are the acceptable payment modes?
    Debit and Credit cards (VISA/Master).
  17. Can I cancel my licence after I made the application?
    Yes. Please note that there is no refund upon cancellation after the licence is approved.
  18. Who is the agency in-charge of administering Appraiser Licence?
    Inland Revenue Authority Of Singapore (IRAS).
  19. Where can I search for a list of valid licensed appraisers?
    Yes. Please click here.

Additional Information

Fee
The Appraiser's Licence for Lands and Buildings costs S$125 and is valid till and will expire on 31 Dec of each year.

Documents Needed

  • Copy of NRIC / FIN (front and back)
    File format: jpg, jpeg, gif, doc, docx, pdf
    Maximum upload per application: 2 MB
  • Copy of Real Estate degree certificate from NUS or its equivalent
    File format: jpg, jpeg, gif, doc, docx, pdf
    Maximum upload per application: 2 MB
  • Copy of Singapore Institute of Surveyors and Valuers (SISV)'s letter certifying your membership with the Valuation and General Practice council
    File format: jpg, jpeg, gif, doc, docx, pdf
    Maximum upload per application: 2 MB
  • A testimonial from a licensed appraiser
    A testimonial from a licensed appraiser to certify that the applicant can do appraiser work independently and quote the appraiser reports prepared by the applicant. Click here to download template.
    File format: jpg, jpeg, gif, doc, docx, pdf
    Maximum upload per application: 2 MB
  • A Letter from the company where you will be acting as an appraiser
    A Letter from the company where you will be acting as an appraiser for, verifying that upon the issuance of the licence, you will be acting as an appraiser or valuer of the company. For self-employed appraiser, please indicates your current employment status and your company details.
    File format: jpg, jpeg, gif, doc, docx, pdf
    Maximum upload per application: 2 MB
  • Valuation Reports
    Please upload 3 set of valuation reports which you have worked on as stated in the testimonial.
    File format: jpg, jpeg, gif, doc, docx, pdf
    Maximum upload per application: 2 MB

Requirements

  • Applicant must hold a degree in Real Estate from NUS or its equivalent and have at least 2 years of relevant practical experience under the supervision of a licensed appraiser.
  • Applicant must be a Member or Fellow of Singapore Institute of Surveyors and Valuers (SISV). With effect from 1 Jan 2014, an applicant with Probationer membership is not eligible for the application. For SISV membership, refer to http://www.sisv.org.sg.