Valuation of land use right Sample Clauses

Valuation of land use right. The approach applicable for valuation of the land use right of the valuation target is selected upon analysis according to the features and specific conditions of the valuation target and actual conditions of the project, in accordance with the “Regulations for Valuation of Urban Lands (城鎮土地估價規程)” and in view of the land market in the regions where the valuation target is located and the relevant information gathered by the land valuers. If the valuation target is for industrial purpose, the standard floor- price coefficient correction approach, market comparison approach and cost approximation approach can be adopted for valuation, while the residual approach and income approach are not suitable. As the benchmark land premium of the land parcel entrusted for valuation was published earlier, it is not suitable for adoption of standard floor-price coefficient correction approach in the valuation. As there are recent transaction cases in the market of the region where the land parcel entrusted for valuation is located, the market comparison approach can be adopted for valuation. As the parameters such as land expropriation compensation standard and relevant tax standard in the region where the land parcel entrusted for valuation is located, are available, the cost approximation approach can be adopted for valuation. In view of the above, the market comparison approach and cost approximation approach are adopted for the valuation.