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Conceptual framework of applying mass valuation in Hong Kong urban renewal compensation scheme

LAU Chi-hong Milton

哈尔滨工业大学学报(英文版)2004,Vol.11Issue(5):537-540,4.
哈尔滨工业大学学报(英文版)2004,Vol.11Issue(5):537-540,4.

Conceptual framework of applying mass valuation in Hong Kong urban renewal compensation scheme

Conceptual framework of applying mass valuation in Hong Kong urban renewal compensation scheme

LAU Chi-hong Milton1

作者信息

  • 1. Dept. of Building and Real Estate, Faculty of Construction and Land Use, Hong Kong Polytechnic University, Hong Kong,China
  • 折叠

摘要

Abstract

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 dilapidated buildings by adopting a standardization statistical method to derive resumption estimates.

关键词

Urban Renewal/Mass Valuation/owners' participation

Key words

Urban Renewal/Mass Valuation/owners' participation

分类

管理科学

引用本文复制引用

LAU Chi-hong Milton..Conceptual framework of applying mass valuation in Hong Kong urban renewal compensation scheme[J].哈尔滨工业大学学报(英文版),2004,11(5):537-540,4.

基金项目

Sponsored by the Small Project Research Grant from the Hong Kong Polytechnic University (Grant No. G-T496). (Grant No. G-T496)

哈尔滨工业大学学报(英文版)

1005-9113

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