Disclaimer
This applies to everything NAVARO Analytics publishes: the free analytics page, Freedom Age, and every free or paid report.
What this is
NAVARO Analytics is an analytics service operated by NAVARO Pte Ltd. Every figure on this platform and in every free or paid report or service, including indicative estimates and ranges, growth and rent figures, retirement projections and comparisons of moves, is computed from recorded transactions, rental contracts and public datasets by automated statistical methods and our own methodology, and is published for general information only.
NAVARO Pte Ltd is not a licensed appraiser under the Appraisers Act 1906, is not a valuer accredited by the Singapore Institute of Surveyors and Valuers, and is not a licensed estate agent under the Estate Agents Act 2010. We do no estate agency work: we do not represent buyers or sellers, and we do not introduce, broker, market or negotiate any transaction.
Not a valuation, and not a bank valuation
Nothing on this page, and nothing in a free or paid report, is a formal valuation. It is not a bank valuation, not an appraisal, and not a valuation for any lending, tax, stamp duty, probate, matrimonial, insurance, court or other legal or statutory purpose. It is not prepared by a licensed appraiser or a registered valuer, and it follows no professional valuation standard.
We promise no price, no loan amount, no rent and no return, and a projection is not a forecast of what will happen. Formal valuations are issued by licensed appraisers and by valuers accredited by the Singapore Institute of Surveyors and Valuers, instructed by you or by your bank.
A bank deciding your mortgage will instruct its own panel valuer. That valuation decides how much the bank will lend, and it may differ from our figure, sometimes by a wide margin. Never plan a purchase, a loan amount or a cash shortfall on our number alone.
Use it as a guide, then check it
Everything we publish, free or paid, is a guide to help you ask better questions. Do not rely on it as the sole or principal basis for any decision or transaction.
Before you commit to a purchase, a sale price, a mortgage or any other decision, obtain a formal valuation from a licensed appraiser, and speak to the bank you are taking the mortgage from about its own valuation and what it will lend. Where a decision turns on your CPF, your HDB position, a duty or a loan rule, check it against your own CPF and HDB records and the rules as they stand on the day, because those rules change. Your own lawyer, banker, tax adviser and a licensed property professional are the people who should check your situation. We cannot, and we do not try to.
Not advice
This is analytical output, not financial advice, investment advice, tax advice, legal advice, valuation advice or advice of any other kind. It is prepared without regard to the financial situation, needs or objectives of any person, and nothing here is an offer, a recommendation or an inducement to buy, sell, hold or finance any property.
Nothing we publish relates to real estate investment trusts, securities or any other capital markets product.
Freedom Age
Freedom Age is a planning illustration. The age it names, the paths it ranks, the moves it lists, the monthly figures, the stress tests, the pressed-button figures and the comparison of moves are computed from the figures you enter and from our market feed, under the loan, duty and CPF rules in force on the date shown, with stated assumptions wherever a figure is not measured. They are not a forecast of any price, rent or return, not a loan approval, and not advice to buy, sell, hold, borrow, decouple or restructure.
Loan eligibility is decided only by a bank. Duties, grants and the use of CPF savings are decided only by IRAS, HDB and the CPF Board. A sale, a purchase or a decoupling is completed only with a lawyer. Rules change, and a plan is only as current as the date on it.
What the numbers can and cannot see
Our figures are only as good as the records behind them. Transaction records are caveats lodged with the authorities: they lag, they are sometimes revised or restated, and they can be incomplete. Every page and report carries the date of the data it was computed from.
No computed figure can see a particular unit: its condition, renovation, outlook, layout, noise, tenancy, defects, arrears, legal status, or any collective sale or redevelopment prospect. A figure marked estimated is modelled, not recorded. Property prices can fall as well as rise, and what happened before does not have to happen again.
Where the data comes from
Sales and rental contracts are URA data. HDB resale and rental records come from the Housing and Development Board through Flatworth, NAVARO’s own HDB engine. Landed aggregates come from Landed Atlas, NAVARO’s own landed engine. Project positions come from OneMap (Singapore Land Authority). Schools, MRT and LRT station exits, HDB blocks and Master Plan site areas come from datasets published on data.gov.sg by the Ministry of Education, the Land Transport Authority, the Housing and Development Board and the Urban Redevelopment Authority, made available under the Singapore Open Data Licence version 1.0 at https://data.gov.sg/open-data-licence. The date each was accessed is printed as the data date on every page and report.
Those agencies provide their data as is, and make no warranty as to its accuracy, completeness or fitness for any purpose. Everything computed from it is ours, not theirs. NAVARO Pte Ltd has no official status, and nothing here is endorsed by or associated with URA, HDB, SLA, LTA, MOE or any other government agency.
Your use, and our liability
Any use you make of this page or a report is at your own risk, and you are responsible for the decisions you take. We make reasonable efforts to compute from reliable and complete information, but we do not warrant that any figure is accurate, complete, current or fit for a particular purpose.
To the fullest extent permitted by law, we are not liable for any indirect or consequential loss, or for any loss of profit, opportunity, goodwill or anticipated saving, however it arises. Where we are liable to you for any other loss and that liability cannot lawfully be excluded, it is limited to the amount you paid us for the report in question, which is nothing for the free page.
Nothing in these terms excludes or limits our liability for fraud or fraudulent misrepresentation, for death or personal injury caused by our negligence, or for any other liability that cannot lawfully be excluded or limited under Singapore law. If any part of this section is held to be unenforceable, the rest of it continues to apply.