Abstract:
Condominiums valuation to determine registration fees of ownership and juristic acts is the main responsibility of the Property Valuation Bureau. Presently, a market comparison approach is used for valuation by comparing factors of the condominium to be appraised with those of another. The assessor will assign weight to each factor. Since the number of condominiums is growing and these condominiums are different in location, functional use and design, it is difficult to prioritize the importance of the factors. In this study, the price of a condominiums is calculated to determine fees for registration and juristic acts as dependent variables and other factors as independent variables. Factor analysis is used to analyze the independent variables and categorize them. Then, the factors and the dependent variables are analyzed by means of Multiple Regression Analysis to determine their relationship. With a technique called Enter, the factors can be graded according to their influence on the price of the condominium. After that, each factor is weighted based on their importance. It was found that there were 5 factors affecting the price of the condominium, ranging from the most important be the least important as follows. 1. Legal factor whose weight was 40.41% comprised 3 variables: the year when the condominiums was built, the width of the street in front of the condominium and the type of key-card security system. 2. Quality and management of the condominium whose weight was 21.92% consisted of 9 variables: the area of the unit, the number of units, total area of units, the shared area, the number of the stories, the total area of the condominium, the expense of the shared area, the floor where unit is located and the ratio of the number of units and the number of elevators. 3. Location and accessibility whose weight was 13.70% comprised 4 variables: the distance from the MRT, the distance from the BTS, the distance from the CBD and the distance from a park. 4. Commuting and recreation whose weight was 12.33% comprised 2 variables: the distance from an expressway and the distance from a department store. 5. Facilities and services whose weight was 11.64% consisted of 3 variables: the ration of the number of units and the number of the parking spaces, facilities for exercise and availability of spa or sauna provided by the condonminium owner.