Owners Participation in Urban Renewal Scheme: An Application of Mass Valuation in Hong Kong

摘要：

In most urban redevelopment projects that take place in Hong Kong, the Urban Renewal Authority (URA) will offer compensation to an owner-occupier based on the market value of the property. The basis of market value assessment is defined as a seven-year-old flat in a comparable quality building, situated in a similar locality in terms of characteristics and accessibility, and located at the middle floor with average orientation. However, little was done in exploring the application and the integration of mass valuation technique in the compulsory acquisition valuation area. This paper endeavors to illustrate the prospects of using mass valuation techniques to value high-rise and strata-title dilapidate buildings by adopting a standardization statistical method to derive resumption estimates.

关键词： Urban Renewal Mass Valuation owners participation

作者: Milton C.H. Lau Anthony K.H. Wong

作者单位: Department of Building and Real Estate, Faculty of Construction and Land Use, Hong Kong Polytechnic University, Hong Kong

会议类型: 国际会议

会议名称: 2003 International Conference on Construction & Real Estate Management(2003 建设与房地产管理国际会议)

会议地点: 哈尔滨

会议语种:英文

页码: 235-237

在线出版日期: 2003-11-20（万方平台首次上网日期，不代表论文的发表时间）