How to use Tower View

- Obtain Floor Plans, Sellers Stamp Duty, Potential Profit / Loss and specific unit transactions.

Melody Tan avatar
Written by Melody Tan
Updated over a week ago

Tower View is the diagrammatic chart of a block/project. As long as there are unit numbers (i.e  floors and stacks #xx-xx) in a property, you will be able to find it in Tower View. 

For landed properties with house numbers, e.g shophouses or stand alone factories, use Street View instead. 

Step 1: Click 'Tools' > 'Tower View'


Step 2: Select Property Type
Step 3: Key in address or project name

  • Click on the drop-down results to load the Tower View of your indicated property. 

  • Once the results is loaded, select the Tower if applicable

Tip 1: Obtaining Floor Plans

Floor Plans are currently available for approximately 70% of apartments/condos in our database today.

The floor plan is available for a specific unit when you see a blue circle indicated inside the grid of the unit.

To access the floor plan, click the grid of the unit. 


Tip 2: See all transactions caveated for a specific unit

Tower View is the fastest way to see transactions for individual units. 

On first glance, you will notice that each of the unit grids are either filled or empty.
Filled grids will show the details of the last caveated transaction for the specific unit. 

Grids in bold
If you see that the transaction details are bold, that means that the unit was transacted less than 6 months ago. 

To see all the transactions for a specific unit, simply click on the grid of the unit (same procedure as obtaining the Floor Plan)

Understanding empty grids
There will be times when grids are empty. There are a few reasons to explain this.

For private properties

  • Transactions before 1995 will not be reflected as URA only has transactions from 1995 onwards.

  • It is not compulsory for full cash transactions to be caveated. As such, transactions that do not require loans will likely not be reflected.

  • Sometimes, there may not be a unit at the specific grid. This could be due to the placement of other units/facilities.
    Eg. Sky gym/sky garden or neighbouring unit extends into the space of the particular stack. 

For HDBs

  • We have 90% of the HDB unit numbers for resale transactions from 2010 onwards. For those without unit numbers (i.e floor range), the transactions can be found under "Research > Sales Transactions" but not under Tower View. 

  • Only resale transactions will be captured in Tower View. As such, if a unit was never transacted after the first purchase from HDB, no information will be shown in the unit grid. 

  • Similarly, it is also possible where units are paid fully in cash (no loan) and therefore may not be caveated and reflected. 

Understanding missing floors and stacks

If you see missing floors and stacks, this means that we have no records of unit transactions for that floor and /or stack. This does not mean that there is no such floor or stack but rather, it has been hidden to make the table more concise. 

Tip 3: Calculating the Seller's Stamp Duty

Click on the button called " Mark to Fair Value with SSD". The Seller's Stamp Duty applicable for each unit will be indicated in each unit grid. 

Tip 4: Obtaining the estimated Potential Profit / Loss

In EdgeProp, we calculate the potential profit or loss if a unit were to sell in today's market. This is based on the indicative valuation of the property. 

If the indicative valuation > the purchase price as per the last caveat for the unit, the unit would likely enjoy a profit. 

Note: If you use Mark To Fair Value with SSD, the profit/loss indicated is AFTER taking into account the SSD. 

Edge Fair Value is a desktop valuation tool formulated together with 2 valuation companies, 3C Property Consultants and GB Global. Both of these companies have over 30 years of experience. They are also HDB's panel valuers. 

To calculate the Edge Fair Value from Tower View
= Last Purchase Price + SSD + Profit
or
= Last Purchase Price + SSD - Loss

If you do not wish to account for SSD, you may also use the "Mark To Fair Value" function.

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